AptarGroup (NYSE:ATR) Releases Q2 2024 Earnings Guidance

AptarGroup (NYSE:ATR) issued an update on its second quarter 2024 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 1.300-1.380 for the period, compared to the consensus estimate of 1.360. The company issued revenue guidance of -.

AptarGroup Trading Up 0.2 %

NYSE:ATR traded up $0.25 during mid-day trading on Thursday, reaching $140.26. 694,402 shares of the company’s stock traded hands, compared to its average volume of 317,365. AptarGroup has a 12-month low of $111.63 and a 12-month high of $145.35. The firm has a market capitalization of $9.28 billion, a price-to-earnings ratio of 32.94, a PEG ratio of 3.85 and a beta of 0.59. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.24 and a quick ratio of 0.83. The company has a 50 day moving average price of $140.75 and a 200-day moving average price of $131.92.

AptarGroup (NYSE:ATR) last released its quarterly earnings data on Friday, February 9th. The industrial products company reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.09. The business had revenue of $838.48 million for the quarter, compared to analysts’ expectations of $842.50 million. AptarGroup had a return on equity of 14.46% and a net margin of 8.16%. The firm’s quarterly revenue was up 5.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.92 EPS. On average, sell-side analysts predict that AptarGroup will post 5.21 earnings per share for the current year.

AptarGroup Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 16th. Shareholders of record on Thursday, April 25th will be issued a dividend of $0.41 per share. The ex-dividend date of this dividend is Wednesday, April 24th. This represents a $1.64 dividend on an annualized basis and a yield of 1.17%. AptarGroup’s dividend payout ratio is presently 38.59%.

Analysts Set New Price Targets

ATR has been the subject of several recent research reports. Robert W. Baird upgraded AptarGroup from a neutral rating to an outperform rating and boosted their target price for the company from $125.00 to $150.00 in a research report on Wednesday, January 3rd. Wells Fargo & Company lifted their price target on shares of AptarGroup from $157.00 to $160.00 and gave the company an overweight rating in a research note on Thursday, March 7th.

Insider Activity

In other news, Director Monnas Giovanna Kampouri sold 2,000 shares of the firm’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $142.45, for a total value of $284,900.00. Following the sale, the director now directly owns 9,648 shares in the company, valued at approximately $1,374,357.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Monnas Giovanna Kampouri sold 2,000 shares of AptarGroup stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $142.45, for a total transaction of $284,900.00. Following the sale, the director now directly owns 9,648 shares in the company, valued at approximately $1,374,357.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Stephan B. Tanda sold 32,000 shares of AptarGroup stock in a transaction on Monday, March 4th. The stock was sold at an average price of $141.67, for a total transaction of $4,533,440.00. Following the sale, the chief executive officer now owns 159,024 shares in the company, valued at $22,528,930.08. The disclosure for this sale can be found here. In the last three months, insiders have sold 37,500 shares of company stock worth $5,318,280. 1.00% of the stock is currently owned by corporate insiders.

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.