AptarGroup (NYSE:ATR) Issues Q4 2024 Earnings Guidance

AptarGroup (NYSE:ATR) updated its fourth quarter 2024 earnings guidance on Thursday. The company provided EPS guidance of 1.220-1.300 for the period, compared to the consensus EPS estimate of 1.310. The company issued revenue guidance of -. AptarGroup also updated its FY 2024 guidance to 5.340-5.420 EPS.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Jefferies Financial Group raised AptarGroup from a “hold” rating to a “buy” rating and lifted their target price for the company from $155.00 to $215.00 in a research note on Monday, October 14th. Dbs Bank raised AptarGroup from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 16th. Finally, Wells Fargo & Company lifted their target price on AptarGroup from $168.00 to $185.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $190.00.

AptarGroup Price Performance

NYSE:ATR traded up $2.36 during trading hours on Friday, reaching $168.91. The stock had a trading volume of 518,947 shares, compared to its average volume of 292,642. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.95 and a current ratio of 1.36. AptarGroup has a 52 week low of $120.36 and a 52 week high of $169.85. The company has a 50 day moving average price of $156.93 and a two-hundred day moving average price of $148.92. The stock has a market capitalization of $11.19 billion, a PE ratio of 36.25, a PEG ratio of 3.29 and a beta of 0.58.

AptarGroup (NYSE:ATR) last released its quarterly earnings data on Thursday, July 25th. The industrial products company reported $1.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.36 by $0.01. AptarGroup had a return on equity of 15.13% and a net margin of 9.00%. The business had revenue of $910.10 million for the quarter, compared to the consensus estimate of $930.15 million. During the same quarter in the previous year, the company posted $1.23 EPS. The company’s revenue was up 1.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that AptarGroup will post 5.36 earnings per share for the current fiscal year.

AptarGroup Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 14th. Shareholders of record on Thursday, October 24th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date of this dividend is Thursday, October 24th. AptarGroup’s payout ratio is 38.63%.

AptarGroup declared that its Board of Directors has approved a share buyback program on Thursday, October 10th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the industrial products company to reacquire up to 4.7% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board believes its shares are undervalued.

Insider Transactions at AptarGroup

In other news, Director Monnas Giovanna Kampouri sold 1,922 shares of AptarGroup stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $144.43, for a total value of $277,594.46. Following the completion of the transaction, the director now owns 8,839 shares in the company, valued at approximately $1,276,616.77. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Monnas Giovanna Kampouri sold 1,922 shares of the business’s stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $144.43, for a total transaction of $277,594.46. Following the completion of the transaction, the director now owns 8,839 shares in the company, valued at $1,276,616.77. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Hedi Tlili sold 1,375 shares of the business’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $152.54, for a total value of $209,742.50. Following the transaction, the insider now owns 9,379 shares of the company’s stock, valued at approximately $1,430,672.66. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 49,457 shares of company stock worth $7,314,030. 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.