AptarGroup Inc
ATR: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$354.00 | Ynknqf | Zyftgkhp |
Aptar Earnings: Interim Results in Line With Expectations; Fair Value Estimate Unchanged
Narrow-moat Aptar reported solid second-quarter earnings that were in line with expectations. Revenue was $910 million, or 3% year-on-year core growth, which excludes 1% of currency headwinds. Adjusted EBITDA margin was 21.2%, or 1 percentage point better than the same period last year. We maintain our fair value estimate of $147 and view shares as fairly valued.