AptarGroup (NYSE:ATR) Releases FY 2024 Earnings Guidance

AptarGroup (NYSE:ATR) updated its FY 2024 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 5.340-5.420 for the period, compared to the consensus estimate of 5.360. The company issued revenue guidance of -. AptarGroup also updated its Q4 guidance to $1.22-1.30 EPS.

Analysts Set New Price Targets

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

AptarGroup Stock Performance

AptarGroup stock traded down $1.24 during trading on Thursday, hitting $166.41. The stock had a trading volume of 547,277 shares, compared to its average volume of 291,544. AptarGroup has a 1 year low of $120.36 and a 1 year high of $169.65. 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 stock’s 50 day moving average is $156.49 and its two-hundred day moving average is $148.72. The stock has a market cap of $11.03 billion, a price-to-earnings ratio of 35.71, a price-to-earnings-growth ratio of 3.29 and a beta of 0.58.

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

AptarGroup Dividend Announcement

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 given a dividend of $0.45 per share. The ex-dividend date is Thursday, October 24th. This represents a $1.80 annualized dividend and a dividend yield of 1.08%. AptarGroup’s dividend payout ratio is currently 38.63%.

AptarGroup announced that its board has initiated a stock repurchase program on Thursday, October 10th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the industrial products company to reacquire up to 4.7% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board of directors believes its stock is undervalued.

Insider Transactions at AptarGroup

In other news, insider Hedi Tlili sold 1,375 shares of the company’s stock in a transaction on Friday, September 13th. The shares were 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 of the company’s stock, valued at approximately $1,430,672.66. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, CFO Robert Kuhn sold 200 shares of the company’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $150.18, for a total value of $30,036.00. Following the transaction, the chief financial officer now owns 65,552 shares of the company’s stock, valued at approximately $9,844,599.36. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Hedi Tlili sold 1,375 shares of the company’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $152.54, for a total transaction of $209,742.50. Following the completion of the transaction, the insider now directly owns 9,379 shares in the company, valued at approximately $1,430,672.66. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 49,457 shares of company stock valued at $7,314,030. 1.00% of the stock is currently owned by company insiders.

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.