AptarGroup (NYSE:ATR – Get Free Report) issued its quarterly earnings data on Thursday. The industrial products company reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.36 by $0.01, Briefing.com reports. AptarGroup had a return on equity of 15.06% and a net margin of 8.83%. The firm had revenue of $910.10 million during the quarter, compared to the consensus estimate of $930.15 million. During the same period in the previous year, the firm posted $1.23 EPS. The company’s quarterly revenue was up 1.6% compared to the same quarter last year. AptarGroup updated its Q3 2024 guidance to 1.380-1.460 EPS and its Q3 guidance to $1.38-1.46 EPS.
AptarGroup Trading Up 3.6 %
ATR traded up $5.10 during trading on Friday, hitting $146.59. The company’s stock had a trading volume of 562,787 shares, compared to its average volume of 298,512. The firm’s 50 day moving average price is $145.07 and its 200-day moving average price is $140.94. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.30 and a quick ratio of 0.89. The stock has a market cap of $9.71 billion, a PE ratio of 31.37, a PEG ratio of 3.18 and a beta of 0.57. AptarGroup has a twelve month low of $118.74 and a twelve month high of $151.73.
AptarGroup Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, July 25th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Thursday, July 25th. This is an increase from AptarGroup’s previous quarterly dividend of $0.41. This represents a $1.80 annualized dividend and a yield of 1.23%. AptarGroup’s payout ratio is 35.19%.
Insider Activity
Analyst Ratings Changes
Several research analysts recently issued reports on the company. William Blair upgraded AptarGroup from a “market perform” rating to an “outperform” rating in a research report on Monday, April 29th. Wells Fargo & Company boosted their price target on AptarGroup from $163.00 to $168.00 and gave the company an “overweight” rating in a report on Wednesday, July 17th. Finally, Robert W. Baird boosted their price target on AptarGroup from $150.00 to $170.00 and gave the company an “outperform” rating in a report on Monday, April 29th.
Get Our Latest Stock Report on AptarGroup
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.
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