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.

Wall Street Analysts Forecast Growth

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

AptarGroup Price Performance

Shares of AptarGroup stock traded down $1.24 during trading hours on Thursday, reaching $166.41. The company’s stock had a trading volume of 547,277 shares, compared to its average volume of 291,544. The firm has a 50 day moving average price of $156.49 and a 200-day moving average price of $148.72. AptarGroup has a one year low of $120.36 and a one year high of $169.65. 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 $11.03 billion, a P/E ratio of 35.71, a P/E/G 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 for the quarter, topping analysts’ consensus estimates of $1.36 by $0.01. AptarGroup had a net margin of 9.00% and a return on equity of 15.13%. The firm had revenue of $910.10 million for the quarter, compared to the consensus estimate of $930.15 million. During the same period in the previous year, the firm posted $1.23 EPS. The business’s quarterly revenue was up 1.6% on a year-over-year basis. On average, analysts predict that AptarGroup will post 5.36 EPS for the current year.

AptarGroup Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Stockholders of record on Thursday, October 24th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Thursday, October 24th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.08%. AptarGroup’s dividend payout ratio (DPR) 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 outstanding shares. This buyback authorization permits the industrial products company to purchase up to 4.7% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

Insider Activity at AptarGroup

In related 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 transaction, the chief executive officer now directly owns 174,118 shares in the company, valued at approximately $25,692,852.08. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related 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 transaction, the chief executive officer now directly owns 174,118 shares in the company, valued at approximately $25,692,852.08. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Monnas Giovanna Kampouri sold 1,922 shares of the company’s stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $144.43, for a total transaction of $277,594.46. Following the transaction, the director now owns 8,839 shares in the company, valued at $1,276,616.77. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 49,457 shares of company stock worth $7,314,030. Insiders own 1.00% of the company’s stock.

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.