AptarGroup (NYSE:ATR) Updates Q2 Earnings Guidance

AptarGroup (NYSE:ATR) updated its second quarter earnings guidance on Thursday. The company provided earnings per share guidance of $1.30-$1.38 for the period, compared to the consensus earnings per share estimate of $1.36. AptarGroup also updated its Q2 2024 guidance to 1.300-1.380 EPS.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on ATR. Robert W. Baird upgraded shares of AptarGroup from a neutral rating to an outperform rating and boosted their price objective for the stock from $125.00 to $150.00 in a report on Wednesday, January 3rd. Wells Fargo & Company boosted their price objective on shares of AptarGroup from $157.00 to $160.00 and gave the stock an overweight rating in a report on Thursday, March 7th.

AptarGroup Stock Up 0.2 %

Shares of ATR traded up $0.25 during midday trading on Thursday, hitting $140.26. The company had a trading volume of 694,402 shares, compared to its average volume of 317,365. The company’s 50 day moving average price is $140.75 and its 200 day moving average price is $131.92. The stock has a market cap of $9.28 billion, a price-to-earnings ratio of 33.00, a PEG ratio of 3.85 and a beta of 0.59. AptarGroup has a 52 week low of $111.63 and a 52 week high of $145.35. 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 (NYSE:ATR) last released its earnings results 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 net margin of 8.16% and a return on equity of 14.46%. The company had revenue of $838.48 million during the quarter, compared to the consensus estimate of $842.50 million. During the same quarter in the previous year, the firm earned $0.92 EPS. The company’s revenue was up 5.3% on a year-over-year basis. On average, equities research analysts predict that AptarGroup will post 5.21 EPS for the current year.

AptarGroup Dividend Announcement

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

Insider Activity at AptarGroup

In related news, Director Monnas Giovanna Kampouri sold 2,000 shares of the business’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $142.45, for a total transaction of $284,900.00. Following the completion of the sale, the director now owns 9,648 shares of the company’s stock, valued at approximately $1,374,357.60. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other AptarGroup news, CEO Stephan B. Tanda sold 32,000 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $141.67, for a total value of $4,533,440.00. Following the completion of the transaction, the chief executive officer now owns 159,024 shares in the company, valued at approximately $22,528,930.08. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Monnas Giovanna Kampouri sold 2,000 shares of the company’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $142.45, for a total transaction of $284,900.00. Following the completion of the transaction, the director now owns 9,648 shares of the company’s stock, valued at approximately $1,374,357.60. The disclosure for this sale can be found here. Insiders sold a total of 37,500 shares of company stock valued at $5,318,280 in the last quarter. 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.