AptarGroup (NYSE:ATR) Releases Q3 Earnings Guidance

AptarGroup (NYSE:ATR) updated its third quarter earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $1.38-1.46 for the period, compared to the consensus estimate of $1.42. AptarGroup also updated its Q3 2024 guidance to 1.380-1.460 EPS.

Analyst Upgrades and Downgrades

Several research firms recently commented on ATR. William Blair upgraded AptarGroup from a market perform rating to an outperform rating in a research note on Monday, April 29th. Robert W. Baird boosted their price target on AptarGroup from $150.00 to $170.00 and gave the company an outperform rating in a research report on Monday, April 29th. Finally, Wells Fargo & Company boosted their price target on AptarGroup from $163.00 to $168.00 and gave the company an overweight rating in a research report on Wednesday, July 17th.

AptarGroup Stock Up 3.7 %

Shares of ATR stock traded up $5.17 during trading hours on Friday, reaching $146.66. The company had a trading volume of 562,787 shares, compared to its average volume of 259,725. 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 has a twelve month low of $118.74 and a twelve month high of $151.73. The company has a market capitalization of $9.72 billion, a P/E ratio of 31.47, a price-to-earnings-growth ratio of 3.12 and a beta of 0.57. The stock’s fifty day simple moving average is $145.05 and its 200 day simple moving average is $141.10.

AptarGroup (NYSE:ATR) last posted its earnings results on Thursday, July 25th. The industrial products company reported $1.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.36 by $0.01. AptarGroup had a return on equity of 15.31% and a net margin of 9.00%. The business had revenue of $910.10 million during the quarter, compared to analyst estimates of $930.15 million. During the same quarter last year, the firm earned $1.23 earnings per share. The company’s revenue for the quarter was up 1.6% compared to the same quarter last year. As a group, sell-side analysts expect that AptarGroup will post 5.35 earnings per share for the current fiscal year.

AptarGroup Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, July 25th will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date of this dividend is Thursday, July 25th. This is an increase from AptarGroup’s previous quarterly dividend of $0.41. AptarGroup’s dividend payout ratio (DPR) is currently 38.63%.

Insider Buying and Selling

In related news, insider Hedi Tlili sold 4,634 shares of the firm’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 value of $672,347.06. Following the sale, the insider now owns 9,379 shares of the company’s stock, valued at approximately $1,360,799.11. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, insider Hedi Tlili sold 4,634 shares of AptarGroup stock in a transaction 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 transaction, the insider now directly owns 9,379 shares in the company, valued at approximately $1,360,799.11. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Kimberly Chainey sold 825 shares of AptarGroup stock in a transaction 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 in the company, valued at $1,293,337.24. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,659 shares of company stock valued at $1,269,976. Insiders own 1.00% of the company’s stock.

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.