AptarGroup (NYSE:ATR – Get Free Report) released its earnings results on Thursday. The industrial products company reported $1.37 EPS for the quarter, beating 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 company had revenue of $910.10 million during the quarter, compared to analysts’ expectations of $930.15 million. During the same period last year, the firm earned $1.23 EPS. The business’s revenue for the quarter was up 1.6% on a year-over-year basis. 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 %
Shares of NYSE:ATR traded up $5.10 during mid-day trading on Friday, reaching $146.59. The stock had a trading volume of 562,787 shares, compared to its average volume of 298,512. The firm has a 50 day simple moving average of $145.07 and a two-hundred day simple moving average of $140.94. AptarGroup has a twelve month low of $118.74 and a twelve month high of $151.73. The firm has a market cap of $9.71 billion, a PE ratio of 31.37, a price-to-earnings-growth ratio of 3.18 and a beta of 0.57. The company has a current ratio of 1.30, a quick ratio of 0.89 and a debt-to-equity ratio of 0.29.
AptarGroup Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Thursday, July 25th will be given a dividend of $0.45 per share. This is a positive change from AptarGroup’s previous quarterly dividend of $0.41. This represents a $1.80 annualized dividend and a dividend yield of 1.23%. The ex-dividend date of this dividend is Thursday, July 25th. AptarGroup’s payout ratio is presently 35.19%.
Insider Activity at AptarGroup
Wall Street Analyst Weigh In
A number of research firms have issued reports on ATR. Robert W. Baird upped their target price on shares of AptarGroup from $150.00 to $170.00 and gave the company an “outperform” rating in a research report on Monday, April 29th. William Blair upgraded shares of AptarGroup from a “market perform” rating to an “outperform” rating in a report on Monday, April 29th. Finally, Wells Fargo & Company upped their target price on shares of AptarGroup from $163.00 to $168.00 and gave the company an “overweight” rating in a research report on Wednesday, July 17th.
Check Out Our Latest Research Report on AptarGroup
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.
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