AptarGroup (NYSE:ATR) Releases Q3 Earnings Guidance

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

Analysts Set New Price Targets

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

AptarGroup Stock Down 1.8 %

Shares of ATR stock traded down $2.60 on Thursday, reaching $141.54. 558,095 shares of the company’s stock traded hands, compared to its average volume of 296,365. AptarGroup has a 12-month low of $118.74 and a 12-month high of $151.73. 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 company has a market capitalization of $9.38 billion, a P/E ratio of 30.37, a price-to-earnings-growth ratio of 3.22 and a beta of 0.57. The business’s 50 day moving average price is $145.07 and its two-hundred day moving average price is $140.94.

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

AptarGroup Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Investors 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 1.27%. This is a boost from AptarGroup’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend is Thursday, July 25th. AptarGroup’s dividend payout ratio (DPR) is currently 35.19%.

Insider Buying and Selling at AptarGroup

In other AptarGroup news, EVP Kimberly Chainey sold 825 shares of AptarGroup stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $146.77, for a total transaction of $121,085.25. Following the transaction, 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 SEC, which is accessible through this hyperlink. In related news, EVP Kimberly Chainey sold 825 shares of AptarGroup stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $146.77, for a total value of $121,085.25. Following the sale, 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 document filed with the SEC, which is available through this hyperlink. Also, insider Marc Prieur sold 3,200 shares of AptarGroup stock in a transaction dated 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 directly owns 16,616 shares in the company, valued at approximately $2,474,454.72. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 8,659 shares of company stock worth $1,269,976. 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.