AptarGroup (NYSE:ATR) Issues Q4 Earnings Guidance

AptarGroup (NYSE:ATR) updated its fourth quarter earnings guidance on Thursday. The company provided EPS guidance of $1.22-1.30 for the period, compared to the consensus EPS estimate of $1.31. AptarGroup also updated its FY 2024 guidance to 5.340-5.420 EPS.

Analysts Set New Price Targets

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

AptarGroup Stock Up 1.4 %

Shares of ATR stock traded up $2.36 on Friday, hitting $168.91. The stock had a trading volume of 518,947 shares, compared to its average volume of 292,642. The company has a quick ratio of 0.95, a current ratio of 1.36 and a debt-to-equity ratio of 0.28. The business has a 50 day moving average price of $156.93 and a 200 day moving average price of $148.98. The company has a market cap of $11.19 billion, a PE ratio of 36.25, a P/E/G ratio of 3.29 and a beta of 0.58. AptarGroup has a one year low of $120.36 and a one year high of $169.85.

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

AptarGroup Announces Dividend

The business also recently announced 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. The ex-dividend date of this dividend is Thursday, October 24th. This represents a $1.80 annualized dividend and a yield of 1.07%. AptarGroup’s dividend payout ratio (DPR) is presently 38.63%.

AptarGroup declared that its board has initiated a stock repurchase plan on Thursday, October 10th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the industrial products company to buy up to 4.7% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling at AptarGroup

In other AptarGroup news, insider Hedi Tlili sold 1,375 shares of AptarGroup stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $152.54, for a total value of $209,742.50. Following the transaction, the insider now owns 9,379 shares in the company, valued at $1,430,672.66. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Stephan B. Tanda sold 32,000 shares of the business’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $147.56, for a total transaction of $4,721,920.00. Following the sale, the chief executive officer now owns 174,118 shares in the company, valued at approximately $25,692,852.08. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Hedi Tlili sold 1,375 shares of the business’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $152.54, for a total value of $209,742.50. Following the sale, the insider now owns 9,379 shares in the company, valued at $1,430,672.66. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 49,457 shares of company stock worth $7,314,030 over 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.