AptarGroup (NYSE:ATR) Updates 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 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.

AptarGroup Price Performance

Shares of AptarGroup stock traded up $5.10 during trading hours on Friday, reaching $146.59. The company’s stock had a trading volume of 562,787 shares, compared to its average volume of 298,512. The firm has a 50 day moving average price of $145.05 and a 200-day moving average price of $141.10. AptarGroup has a one year low of $118.74 and a one year high of $151.73. 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 P/E ratio of 31.46, a P/E/G ratio of 3.18 and a beta of 0.57.

AptarGroup (NYSE:ATR) last posted its earnings results on Thursday, July 25th. The industrial products company reported $1.37 earnings per share for the quarter, topping analysts’ consensus estimates of $1.36 by $0.01. AptarGroup had a net margin of 8.83% and a return on equity of 15.06%. The firm had revenue of $910.10 million for 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 business’s quarterly revenue was up 1.6% on a year-over-year basis. On average, analysts predict 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 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%. AptarGroup’s payout ratio is currently 35.19%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on ATR shares. Wells Fargo & Company lifted their price target on shares of AptarGroup from $163.00 to $168.00 and gave the stock an overweight rating in a research note on Wednesday, July 17th. Robert W. Baird lifted their price target on shares of AptarGroup from $150.00 to $170.00 and gave the stock an outperform rating in a research note on Monday, April 29th. Finally, William Blair raised shares of AptarGroup from a market perform rating to an outperform rating in a research note on Monday, April 29th.

Insider Buying and Selling at AptarGroup

In other AptarGroup news, insider Hedi Tlili sold 4,634 shares of the business’s stock in a transaction dated Wednesday, May 1st. The shares were 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 of the company’s stock, valued at approximately $1,360,799.11. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, insider Marc Prieur sold 3,200 shares of the company’s stock in a transaction that occurred on Tuesday, May 7th. The shares were 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 owns 16,616 shares of the company’s stock, valued at approximately $2,474,454.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Hedi Tlili sold 4,634 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $145.09, for a total transaction of $672,347.06. Following the completion of the sale, the insider now directly owns 9,379 shares of the company’s stock, valued at approximately $1,360,799.11. The disclosure for this sale can be found here. Insiders sold a total of 8,659 shares of company stock valued at $1,269,976 in the last three months. Company insiders own 1.00% of the company’s stock.

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.