AptarGroup Inc
ATR: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|r^ | LOCK|G!?Vj | LOCK|!&?F?G% |
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.
