AptarGroup (NYSE:ATR) Releases Q3 2024 Earnings Guidance

AptarGroup (NYSE:ATR) updated its third quarter 2024 earnings guidance on Thursday. 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 -.

Wall Street Analyst Weigh In

Several brokerages have commented on ATR. Robert W. Baird raised their target price on shares of AptarGroup from $150.00 to $170.00 and gave the stock an outperform rating in a report on Monday, April 29th. Wells Fargo & Company raised their price target on shares of 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 shares of AptarGroup from a market perform rating to an outperform rating in a report on Monday, April 29th.

AptarGroup Stock Down 1.8 %

Shares of ATR stock traded down $2.60 during trading on Thursday, hitting $141.54. 558,095 shares of the company were exchanged, compared to its average volume of 296,365. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.89 and a current ratio of 1.30. The firm has a market capitalization of $9.38 billion, a price-to-earnings ratio of 30.79, a P/E/G ratio of 3.22 and a beta of 0.57. The business’s 50-day simple moving average is $145.19 and its 200 day simple moving average is $140.94. AptarGroup has a twelve month low of $118.74 and a twelve month high of $151.73.

AptarGroup (NYSE:ATR) last posted its earnings results on Thursday, April 25th. The industrial products company reported $1.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.13 by $0.13. The firm had revenue of $915.45 million during the quarter, compared to analysts’ expectations of $897.40 million. AptarGroup had a net margin of 8.83% and a return on equity of 15.06%. As a group, analysts forecast that AptarGroup will post 5.35 EPS for the current fiscal year.

AptarGroup Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, July 25th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Thursday, July 25th. 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 yield of 1.27%. AptarGroup’s payout ratio is 35.19%.

Insider Buying and Selling at AptarGroup

In other AptarGroup news, EVP Kimberly Chainey sold 825 shares of AptarGroup stock in a transaction that occurred on Thursday, June 6th. The shares were 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 directly owns 8,812 shares in the company, valued at $1,293,337.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, EVP Kimberly Chainey sold 825 shares of AptarGroup stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $146.77, for a total value of $121,085.25. Following the transaction, the executive vice president now owns 8,812 shares of the company’s stock, valued at $1,293,337.24. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Marc Prieur sold 3,200 shares of AptarGroup stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $148.92, for a total transaction of $476,544.00. Following the completion of the transaction, the insider now directly owns 16,616 shares in the company, valued at approximately $2,474,454.72. The disclosure for this sale can be found here. Insiders sold 8,659 shares of company stock worth $1,269,976 over the last ninety days. 1.00% of the stock is currently owned by 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.