AptarGroup (NYSE:ATR) Updates Q3 2024 Earnings Guidance

AptarGroup (NYSE:ATR) updated its third quarter 2024 earnings guidance on Thursday. The company provided earnings per share guidance of 1.380-1.460 for the period, compared to the consensus earnings per share estimate of 1.420. The company issued revenue guidance of -. AptarGroup also updated its Q3 guidance to $1.38-1.46 EPS.

Analysts Set New Price Targets

Several research firms recently issued reports on ATR. Robert W. Baird increased their target price on AptarGroup from $150.00 to $170.00 and gave the stock an outperform rating in a research report on Monday, April 29th. William Blair upgraded AptarGroup from a market perform rating to an outperform rating in a research report on Monday, April 29th. Finally, Wells Fargo & Company increased their price target on AptarGroup from $163.00 to $168.00 and gave the company an overweight rating in a research note on Wednesday, July 17th.

AptarGroup Price Performance

AptarGroup stock traded up $5.10 during midday trading on Friday, reaching $146.59. 562,787 shares of the stock traded hands, compared to its average volume of 298,512. The stock’s fifty day moving average is $145.05 and its 200-day moving average is $141.10. AptarGroup has a 12 month low of $118.74 and a 12 month high of $151.73. The stock has a market cap of $9.71 billion, a P/E ratio of 31.46, a PEG ratio of 3.18 and a beta of 0.57. The company has a quick ratio of 0.89, a current ratio of 1.30 and a debt-to-equity ratio of 0.29.

AptarGroup (NYSE:ATR) last announced its quarterly earnings results on Thursday, July 25th. The industrial products company reported $1.37 EPS for the quarter, beating analysts’ consensus estimates of $1.36 by $0.01. AptarGroup had a return on equity of 15.06% and a net margin of 8.83%. The company had revenue of $910.10 million during the quarter, compared to analyst estimates of $930.15 million. During the same period in the prior year, the company earned $1.23 earnings per share. The firm’s revenue was up 1.6% on a year-over-year basis. As a group, equities research analysts anticipate that AptarGroup will post 5.35 EPS for the current year.

AptarGroup Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Thursday, July 25th will be paid a dividend of $0.45 per share. The ex-dividend date is Thursday, July 25th. This is a positive change from AptarGroup’s previous quarterly dividend of $0.41. This represents a $1.80 dividend on an annualized basis and a yield of 1.23%. AptarGroup’s dividend payout ratio is presently 35.19%.

Insider Transactions at AptarGroup

In related news, insider Hedi Tlili sold 4,634 shares of the firm’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $145.09, for a total value of $672,347.06. Following the completion of the sale, the insider now directly owns 9,379 shares in the company, valued at $1,360,799.11. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, insider Hedi Tlili sold 4,634 shares of the firm’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $145.09, for a total value of $672,347.06. Following the completion of the sale, the insider now directly owns 9,379 shares in the company, valued at $1,360,799.11. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Kimberly Chainey sold 825 shares of the firm’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $146.77, for a total value of $121,085.25. Following the completion of the sale, the executive vice president now owns 8,812 shares of the company’s stock, valued at $1,293,337.24. The disclosure for this sale can be found here. In the last 90 days, insiders sold 8,659 shares of company stock worth $1,269,976. 1.00% of the stock is currently owned by company insiders.

About AptarGroup

AptarGroup, Inc designs and manufactures a range of drug delivery, consumer product dispensing, and active material science solutions and services for the pharmaceutical, beauty, personal care, home care, and food and beverage markets. The company operates through Aptar Pharma, Aptar Beauty, and Aptar Closures segments.