AptarGroup (NYSE:ATR) Updates 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 guidance of 1.300-1.380 for the period, compared to the consensus earnings per share estimate of 1.360. The company issued revenue guidance of -. AptarGroup also updated its Q2 guidance to $1.30-$1.38 EPS.

AptarGroup Price Performance

Shares of ATR traded up $3.15 during trading hours on Friday, hitting $143.33. 489,509 shares of the company were exchanged, compared to its average volume of 316,865. The company has a quick ratio of 0.83, a current ratio of 1.24 and a debt-to-equity ratio of 0.29. AptarGroup has a fifty-two week low of $111.63 and a fifty-two week high of $148.51. The company has a market cap of $9.48 billion, a price-to-earnings ratio of 30.76, a P/E/G ratio of 3.93 and a beta of 0.59. The firm’s fifty day moving average is $140.97 and its 200 day moving average is $132.13.

AptarGroup (NYSE:ATR) last announced its quarterly earnings data on Friday, February 9th. The industrial products company reported $1.21 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.09. AptarGroup had a return on equity of 15.26% and a net margin of 8.83%. The business had revenue of $838.48 million during the quarter, compared to the consensus estimate of $842.50 million. During the same period in the prior year, the company earned $0.92 EPS. AptarGroup’s revenue for the quarter was up 5.3% on a year-over-year basis. On average, equities analysts anticipate that AptarGroup will post 5.21 earnings per share for the current fiscal year.

AptarGroup Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 16th. Shareholders of record on Thursday, April 25th will be given a $0.41 dividend. The ex-dividend date of this dividend is Wednesday, April 24th. This represents a $1.64 annualized dividend and a yield of 1.14%. AptarGroup’s dividend payout ratio is presently 35.19%.

Analyst Upgrades and Downgrades

Several research firms have commented on ATR. Robert W. Baird upgraded AptarGroup from a neutral rating to an outperform rating and increased their target price for the company from $125.00 to $150.00 in a research report on Wednesday, January 3rd. Wells Fargo & Company increased their price target on AptarGroup from $157.00 to $160.00 and gave the company an overweight rating in a research note on Thursday, March 7th.

Insider Buying and Selling at AptarGroup

In other AptarGroup news, Director Monnas Giovanna Kampouri sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $142.45, for a total value of $284,900.00. Following the completion of the sale, the director now owns 9,648 shares of the company’s stock, valued at $1,374,357.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Gael Touya sold 3,500 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $142.84, for a total value of $499,940.00. Following the transaction, the insider now owns 33,426 shares in the company, valued at $4,774,569.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Monnas Giovanna Kampouri sold 2,000 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the director now owns 9,648 shares in the company, valued at approximately $1,374,357.60. The disclosure for this sale can be found here. Over the last quarter, insiders sold 37,500 shares of company stock valued at $5,318,280. Company 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.