AptarGroup (NYSE:ATR) Releases Q4 Earnings Guidance

AptarGroup (NYSE:ATR) updated its fourth quarter earnings guidance on Thursday. The company provided EPS guidance of $1.22-1.30 for the period, compared to the consensus EPS estimate of $1.31. AptarGroup also updated its FY 2024 guidance to 5.340-5.420 EPS.

Wall Street Analysts Forecast Growth

Several analysts have commented on ATR shares. Wells Fargo & Company upped their price objective on AptarGroup from $168.00 to $185.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. Jefferies Financial Group raised AptarGroup from a “hold” rating to a “buy” rating and increased their price target for the stock from $155.00 to $215.00 in a report on Monday, October 14th. Finally, Dbs Bank upgraded shares of AptarGroup from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 16th. Four investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, AptarGroup presently has a consensus rating of “Buy” and a consensus target price of $190.00.

AptarGroup Stock Performance

ATR traded down $1.24 during trading on Thursday, reaching $166.41. The company’s stock had a trading volume of 547,277 shares, compared to its average volume of 291,544. The company has a market capitalization of $11.03 billion, a price-to-earnings ratio of 35.71, a price-to-earnings-growth ratio of 3.29 and a beta of 0.58. The company’s fifty day moving average price is $156.49 and its 200-day moving average price is $148.72. AptarGroup has a 52-week low of $120.36 and a 52-week high of $169.65. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.95 and a current ratio of 1.36.

AptarGroup (NYSE:ATR) last released its quarterly earnings data on Thursday, July 25th. The industrial products company reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.36 by $0.01. The firm had revenue of $910.10 million during the quarter, compared to analysts’ expectations of $930.15 million. AptarGroup had a return on equity of 15.13% and a net margin of 9.00%. AptarGroup’s revenue was up 1.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.23 earnings per share. On average, equities analysts forecast that AptarGroup will post 5.36 earnings per share for the current fiscal year.

AptarGroup Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 14th. Investors of record on Thursday, October 24th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.08%. The ex-dividend date is Thursday, October 24th. AptarGroup’s dividend payout ratio (DPR) is 38.63%.

AptarGroup declared that its Board of Directors has initiated a stock repurchase program on Thursday, October 10th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the industrial products company to purchase up to 4.7% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s board believes its stock is undervalued.

Insiders Place Their Bets

In related news, Director Monnas Giovanna Kampouri sold 1,922 shares of the stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $144.43, for a total transaction of $277,594.46. Following the sale, the director now owns 8,839 shares of the company’s stock, valued at $1,276,616.77. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other AptarGroup news, insider Hedi Tlili sold 1,375 shares of the stock in a transaction on Friday, September 13th. The stock was sold at an average price of $152.54, for a total transaction of $209,742.50. Following the transaction, the insider now owns 9,379 shares of the company’s stock, valued at $1,430,672.66. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Monnas Giovanna Kampouri sold 1,922 shares of the firm’s stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $144.43, for a total value of $277,594.46. Following the sale, the director now owns 8,839 shares in the company, valued at $1,276,616.77. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 49,457 shares of company stock worth $7,314,030. 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.