Zacks: Brokerages Anticipate AptarGroup, Inc. (ATR) to Post $0.93 Earnings Per Share

Equities research analysts expect AptarGroup, Inc. (NYSE:ATR) to post earnings per share of $0.93 for the current quarter, Zacks reports. Five analysts have made estimates for AptarGroup’s earnings. The lowest EPS estimate is $0.92 and the highest is $0.94. AptarGroup reported earnings per share of $0.77 in the same quarter last year, which suggests a positive year-over-year growth rate of 20.8%. The company is expected to announce its next quarterly earnings report after the market closes on Thursday, April 26th.

According to Zacks, analysts expect that AptarGroup will report full-year earnings of $3.78 per share for the current year, with EPS estimates ranging from $3.65 to $3.90. For the next year, analysts forecast that the business will report earnings of $4.20 per share, with EPS estimates ranging from $4.00 to $4.43. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that follow AptarGroup.

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AptarGroup (NYSE:ATR) last issued its quarterly earnings results on Monday, February 12th. The industrial products company reported $0.81 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.10. The company had revenue of $625.90 million during the quarter, compared to the consensus estimate of $577.17 million. AptarGroup had a return on equity of 16.97% and a net margin of 8.91%. AptarGroup’s revenue was up 16.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.69 EPS.

ATR has been the subject of a number of research analyst reports. Zacks Investment Research downgraded AptarGroup from a “buy” rating to a “hold” rating in a report on Monday, February 5th. ValuEngine upgraded AptarGroup from a “hold” rating to a “buy” rating in a report on Wednesday, April 11th. Wells Fargo restated a “market perform” rating and set a $90.00 price objective (up from $83.00) on shares of AptarGroup in a report on Wednesday, February 14th. Finally, Robert W. Baird restated a “hold” rating and set a $92.00 price objective on shares of AptarGroup in a report on Wednesday, February 14th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the stock. AptarGroup has an average rating of “Hold” and an average price target of $85.38.

In related news, insider Eldon W. Schaffer II sold 20,000 shares of the stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $90.17, for a total value of $1,803,400.00. Following the completion of the sale, the insider now directly owns 52,857 shares in the company, valued at approximately $4,766,115.69. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Stephen J. Hagge sold 25,000 shares of the stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $91.17, for a total value of $2,279,250.00. Following the completion of the sale, the director now owns 114,613 shares of the company’s stock, valued at $10,449,267.21. The disclosure for this sale can be found here. Over the last quarter, insiders sold 186,090 shares of company stock valued at $16,807,725. 5.30% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vident Investment Advisory LLC acquired a new stake in AptarGroup in the 3rd quarter valued at $221,000. Centiva Capital LP acquired a new stake in AptarGroup in the 4th quarter valued at $235,000. Dean Capital Investments Management LLC acquired a new stake in AptarGroup in the 4th quarter valued at $273,000. First Citizens Bank & Trust Co. increased its holdings in AptarGroup by 47.8% in the 4th quarter. First Citizens Bank & Trust Co. now owns 3,555 shares of the industrial products company’s stock valued at $307,000 after purchasing an additional 1,150 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in AptarGroup by 36.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,662 shares of the industrial products company’s stock valued at $316,000 after purchasing an additional 987 shares in the last quarter. Hedge funds and other institutional investors own 92.22% of the company’s stock.

ATR traded down $0.36 during trading on Friday, hitting $94.44. The company’s stock had a trading volume of 217,829 shares, compared to its average volume of 296,266. The company has a debt-to-equity ratio of 0.91, a quick ratio of 2.53 and a current ratio of 3.16. The company has a market capitalization of $5,938.49, a PE ratio of 27.45, a price-to-earnings-growth ratio of 2.97 and a beta of 0.79. AptarGroup has a twelve month low of $77.10 and a twelve month high of $96.39.

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About AptarGroup

AptarGroup, Inc provides a range of packaging, dispensing, and sealing solutions, primarily for the beauty, personal care, home care, prescription drug, consumer health care, injectable, and food and beverage markets. The company operates in three segments: Beauty + Home, Pharma, and Food + Beverage.

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