AptarGroup (NYSE:ATR) Releases Q4 2024 Earnings Guidance

AptarGroup (NYSE:ATR) issued an update on its fourth quarter 2024 earnings guidance on Thursday morning. 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.

AptarGroup Stock Performance

Shares of NYSE ATR traded up $2.36 during trading hours on Friday, hitting $168.91. 518,947 shares of the company’s stock were exchanged, compared to its average volume of 292,642. The company’s 50-day moving average price is $156.93 and its 200-day moving average price is $148.98. AptarGroup has a 1-year low of $120.36 and a 1-year high of $169.85. The stock has a market capitalization of $11.19 billion, a price-to-earnings ratio of 36.25, a PEG ratio of 3.29 and a beta of 0.58. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.36 and a quick ratio of 0.95.

AptarGroup (NYSE:ATR) last issued its quarterly earnings results on Thursday, July 25th. The industrial products company reported $1.37 EPS for the quarter, topping analysts’ consensus estimates of $1.36 by $0.01. The company had revenue of $910.10 million during the quarter, compared to analyst estimates of $930.15 million. AptarGroup had a return on equity of 15.13% and a net margin of 9.00%. The company’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same period in the previous year, the company earned $1.23 earnings per share. On average, sell-side analysts expect 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. Investors of record on Thursday, October 24th will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.07%. The ex-dividend date is Thursday, October 24th. AptarGroup’s 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 repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the industrial products company to purchase up to 4.7% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on ATR shares. Jefferies Financial Group raised shares of 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 report on Monday, October 14th. Dbs Bank raised AptarGroup from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 16th. Finally, Wells Fargo & Company raised their price objective on AptarGroup from $168.00 to $185.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. Four investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $190.00.

Insiders Place Their Bets

In other news, insider Xiangwei Gong sold 800 shares of the firm’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $146.56, for a total value of $117,248.00. Following the completion of the sale, the insider now directly owns 20,174 shares in the company, valued at approximately $2,956,701.44. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, insider Xiangwei Gong sold 800 shares of the firm’s stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $146.56, for a total value of $117,248.00. Following the completion of the sale, the insider now owns 20,174 shares of the company’s stock, valued at $2,956,701.44. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at 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 value of $209,742.50. Following the transaction, the insider now directly owns 9,379 shares in the company, valued at approximately $1,430,672.66. This represents 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 corporate insiders.

About AptarGroup

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.