AptarGroup (NYSE:ATR) Releases Q2 Earnings Guidance

AptarGroup (NYSE:ATR) issued an update on its second quarter earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $1.30-$1.38 for the period, compared to the consensus estimate of $1.36. AptarGroup also updated its Q2 2024 guidance to 1.300-1.380 EPS.

AptarGroup Price Performance

NYSE:ATR traded up $0.25 during mid-day trading on Thursday, hitting $140.26. The company’s stock had a trading volume of 694,402 shares, compared to its average volume of 317,365. AptarGroup has a fifty-two week low of $111.63 and a fifty-two week high of $145.35. The company has a current ratio of 1.24, a quick ratio of 0.83 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $9.28 billion, a price-to-earnings ratio of 33.00, a P/E/G ratio of 3.85 and a beta of 0.59. The stock has a fifty day moving average of $140.75 and a 200-day moving average of $131.92.

AptarGroup (NYSE:ATR) last issued its quarterly earnings data on Friday, February 9th. The industrial products company reported $1.21 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.09. The firm had revenue of $838.48 million for the quarter, compared to analysts’ expectations of $842.50 million. AptarGroup had a net margin of 8.16% and a return on equity of 14.46%. The company’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.92 earnings per share. As a group, equities analysts forecast that AptarGroup will post 5.21 EPS for the current fiscal year.

AptarGroup Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 16th. Shareholders of record on Thursday, April 25th will be paid a dividend of $0.41 per share. The ex-dividend date of this dividend is Wednesday, April 24th. This represents a $1.64 annualized dividend and a yield of 1.17%. AptarGroup’s dividend payout ratio is 38.59%.

Analyst Ratings Changes

Several brokerages have weighed in on ATR. Robert W. Baird raised shares of AptarGroup from a neutral rating to an outperform rating and upped their price objective for the stock from $125.00 to $150.00 in a research note on Wednesday, January 3rd. Wells Fargo & Company upped their price objective on shares of AptarGroup from $157.00 to $160.00 and gave the stock an overweight rating in a research note on Thursday, March 7th.

Insider Activity

In other news, CEO Stephan B. Tanda sold 32,000 shares of the stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $141.67, for a total transaction of $4,533,440.00. Following the sale, the chief executive officer now directly owns 159,024 shares of the company’s stock, valued at $22,528,930.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other AptarGroup news, Director Monnas Giovanna Kampouri sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $142.45, for a total value of $284,900.00. Following the transaction, the director now directly owns 9,648 shares of the company’s stock, valued at $1,374,357.60. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Stephan B. Tanda sold 32,000 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $141.67, for a total transaction of $4,533,440.00. Following the completion of the transaction, the chief executive officer now directly owns 159,024 shares in the company, valued at $22,528,930.08. The disclosure for this sale can be found here. Insiders have sold 37,500 shares of company stock valued at $5,318,280 over the last three months. 1.00% of the stock is owned by 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.