AptarGroup (NYSE:ATR) Releases Q4 2024 Earnings Guidance

AptarGroup (NYSE:ATR) updated its fourth quarter 2024 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 1.220-1.300 for the period, compared to the consensus estimate of 1.310. The company issued revenue guidance of -. AptarGroup also updated its FY 2024 guidance to 5.340-5.420 EPS.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Jefferies Financial Group upgraded shares of AptarGroup from a “hold” rating to a “buy” rating and upped their target price for the stock from $155.00 to $215.00 in a research report on Monday, October 14th. Dbs Bank upgraded shares of AptarGroup from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 16th. Finally, Wells Fargo & Company upped their target price on shares of AptarGroup from $168.00 to $185.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. Four research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $190.00.

AptarGroup Trading Down 0.7 %

AptarGroup stock traded down $1.10 during mid-day trading on Thursday, hitting $166.55. The company’s stock had a trading volume of 547,349 shares, compared to its average volume of 291,544. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.36 and a quick ratio of 0.95. The stock has a market cap of $11.04 billion, a price-to-earnings ratio of 36.02, a price-to-earnings-growth ratio of 3.29 and a beta of 0.58. The business has a 50 day moving average price of $156.10 and a 200-day moving average price of $148.60. AptarGroup has a 12 month low of $120.36 and a 12 month high of $169.65.

AptarGroup (NYSE:ATR) last posted its quarterly earnings results on Thursday, July 25th. The industrial products company reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.36 by $0.01. The business had revenue of $910.10 million during the quarter, compared to the consensus estimate of $930.15 million. AptarGroup had a net margin of 9.00% and a return on equity of 15.13%. The firm’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.23 earnings per share. As a group, analysts forecast that AptarGroup will post 5.36 EPS for the current year.

AptarGroup Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 14th. Shareholders of record on Thursday, October 24th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.08%. The ex-dividend date of this dividend is Thursday, October 24th. AptarGroup’s dividend payout ratio is presently 38.63%.

AptarGroup declared that its Board of Directors has approved a stock repurchase plan on Thursday, October 10th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the industrial products company to purchase up to 4.7% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its stock is undervalued.

Insider Activity

In other news, CEO Stephan B. Tanda sold 32,000 shares of the company’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $147.56, for a total transaction of $4,721,920.00. Following the completion of the transaction, the chief executive officer now directly owns 174,118 shares of the company’s stock, valued at approximately $25,692,852.08. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, insider Xiangwei Gong sold 800 shares of the business’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $146.56, for a total transaction of $117,248.00. Following the transaction, the insider now owns 20,174 shares in the company, valued at $2,956,701.44. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Stephan B. Tanda sold 32,000 shares of the business’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $147.56, for a total transaction of $4,721,920.00. Following the transaction, the chief executive officer now owns 174,118 shares in the company, valued at $25,692,852.08. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 49,457 shares of company stock valued at $7,314,030. 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.