AptarGroup (ATR) Tops Q2 View; Guides Q3 Below the Street; Raises Qtr. Dividend 15% to $0.15 and Adds 4M Shares to Buyback Program
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AptarGroup (NYSE: ATR) reports Q2 EPS of $0.64, 1 cent better than the analyst estimate of $0.63. Revenues for the quarter were $551.3 million, versus the consensus of $546.04 million.
Sees Q3 EPS in the range of $0.55-$0.58, versus the consensus of $0.62.
The company's Board approved a 15% increase in its quarterly dividend from $0.13 to $0.15 per common share, payable on August 20 to shareholders of record on July 30.
Aptar also announced that its Board has approved the repurchase of up to an additional 4 million shares under its current buyback program.
AptarGroup, Inc. designs, manufactures, and sells consumer product dispensing systems for the personal care, fragrance/cosmetic, pharmaceutical, household, and food/beverage markets.
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