Filed under: Earnings reports, Technical Analysis, Stocks to Buy

AptarGroup (NYSE: ATR) supplies a broad range of dispensing systems to the fragrance/cosmetic, personal care, pharmaceutical, household and food/beverage markets. Offerings include spray pumps, dispensing closures, nasal pumps, aerosol valves and lotion pumps. The firm operates on five continents and sells most of its products through an in-house sales network.

Investors were pleased last week, when the company reported Q1 EPS of 52 cents and revenues of $532.3 million. Analysts had been looking for 49 cents and $500.9 million. Both results were company records. Management also guided Q2 EPS to 60-63 cents, versus consensus of 59 cents. The company repurchased about 450,000 shares of common stock in Q1, leaving some 1.5 million shares available for repurchase under the current authorization.

Continue reading AptarGroup (ATR): Shares define bullish ‘flag’ consolidation

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