AptarGroup (NYSE:ATR) Issues Q3 Earnings Guidance

AptarGroup (NYSE:ATR) issued an update on its third quarter earnings guidance on Thursday morning. 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.

AptarGroup Stock Performance

ATR stock traded up $5.17 during midday trading on Friday, hitting $146.66. 562,787 shares of the company traded hands, compared to its average volume of 259,725. AptarGroup has a twelve month low of $118.74 and a twelve month high of $151.73. The stock has a market capitalization of $9.72 billion, a price-to-earnings ratio of 31.47, a price-to-earnings-growth ratio of 3.12 and a beta of 0.57. The company has a quick ratio of 0.89, a current ratio of 1.30 and a debt-to-equity ratio of 0.29. The business has a 50 day simple moving average of $145.05 and a 200-day simple moving average of $141.10.

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

AptarGroup Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Thursday, July 25th will be issued a dividend of $0.45 per share. This is an increase from AptarGroup’s previous quarterly dividend of $0.41. The ex-dividend date is Thursday, July 25th. This represents a $1.80 annualized dividend and a dividend yield of 1.23%. AptarGroup’s payout ratio is presently 38.63%.

Wall Street Analysts Forecast Growth

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

Insider Activity

In other AptarGroup news, insider Marc Prieur sold 3,200 shares of the stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $148.92, for a total value of $476,544.00. Following the transaction, the insider now directly owns 16,616 shares in the company, valued at approximately $2,474,454.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Hedi Tlili sold 4,634 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The shares were 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 $1,360,799.11. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Marc Prieur sold 3,200 shares of the firm’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 transaction of $476,544.00. Following the completion of the transaction, the insider now directly owns 16,616 shares in the company, valued at $2,474,454.72. The disclosure for this sale can be found here. Insiders have sold 8,659 shares of company stock valued at $1,269,976 over the last three months. 1.00% of the stock is owned by insiders.

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.