AptarGroup (NYSE:ATR) Releases Q3 2024 Earnings Guidance

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

AptarGroup Trading Up 3.6 %

Shares of AptarGroup stock traded up $5.10 on Friday, reaching $146.59. 562,787 shares of the company’s stock were exchanged, compared to its average volume of 298,512. The company has a market capitalization of $9.71 billion, a P/E ratio of 31.46, a price-to-earnings-growth ratio of 3.18 and a beta of 0.57. AptarGroup has a 52 week low of $118.74 and a 52 week high of $151.73. The firm’s 50-day moving average is $145.05 and its two-hundred day moving average is $141.10. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.89 and a current ratio of 1.30.

AptarGroup (NYSE:ATR) last posted its quarterly earnings results 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 15.06% and a net margin of 8.83%. The firm had revenue of $910.10 million for the quarter, compared to analysts’ expectations of $930.15 million. During the same period in the prior year, the business earned $1.23 EPS. The company’s revenue for the quarter was up 1.6% compared to the same quarter last year. Sell-side analysts predict that AptarGroup will post 5.35 EPS for the current fiscal year.

AptarGroup Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Thursday, July 25th will be issued a $0.45 dividend. This is a boost from AptarGroup’s previous quarterly dividend of $0.41. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date of this dividend is Thursday, July 25th. AptarGroup’s dividend payout ratio (DPR) is currently 35.19%.

Analysts Set New Price Targets

A number of brokerages 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 report on Monday, April 29th. Wells Fargo & Company increased their target price on AptarGroup from $163.00 to $168.00 and gave the stock an overweight rating in a report on Wednesday, July 17th. Finally, William Blair upgraded AptarGroup from a market perform rating to an outperform rating in a report on Monday, April 29th.

Insider Buying and Selling

In related news, EVP Kimberly Chainey sold 825 shares of AptarGroup stock in a transaction dated 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 approximately $1,293,337.24. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, EVP Kimberly Chainey sold 825 shares of AptarGroup stock in a transaction dated 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 approximately $1,293,337.24. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Marc Prieur sold 3,200 shares of AptarGroup stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $148.92, for a total value of $476,544.00. Following the completion of the sale, the insider now directly owns 16,616 shares of the company’s stock, valued at approximately $2,474,454.72. The disclosure for this sale can be found here. In the last 90 days, insiders sold 8,659 shares of company stock valued at $1,269,976. 1.00% of the stock is owned by insiders.

AptarGroup Company Profile

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.