AptarGroup (ATR) Set to Announce Quarterly Earnings on Thursday

AptarGroup (NYSE:ATR) will be announcing its earnings results after the market closes on Thursday, October 24th. Analysts expect the company to announce earnings of $1.42 per share for the quarter. AptarGroup has set its Q3 2024 guidance at 1.380-1.460 EPS and its Q3 guidance at $1.38-1.46 EPS.Individual that wish to register for the company’s earnings conference call can do so using this link.

AptarGroup (NYSE:ATR) last issued its quarterly 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 return on equity of 15.13% and a net margin of 9.00%. The business had revenue of $910.10 million for the quarter, compared to analyst estimates of $930.15 million. During the same quarter in the previous year, the firm earned $1.23 earnings per share. The company’s revenue was up 1.6% on a year-over-year basis. On average, analysts expect AptarGroup to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

AptarGroup Price Performance

Shares of ATR stock opened at $165.95 on Thursday. The stock’s 50-day simple moving average is $153.79 and its 200-day simple moving average is $147.69. The firm has a market capitalization of $11.00 billion, a price-to-earnings ratio of 35.61, a PEG ratio of 3.29 and a beta of 0.58. AptarGroup has a fifty-two week low of $120.36 and a fifty-two week high of $169.65. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.95 and a current ratio of 1.36.

AptarGroup declared that its board has approved a stock buyback plan on Thursday, October 10th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the industrial products company to purchase up to 4.7% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its shares are undervalued.

AptarGroup Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 14th. Shareholders of record on Thursday, October 24th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date is Thursday, October 24th. AptarGroup’s payout ratio is presently 38.63%.

Analyst Upgrades and Downgrades

Several research firms recently commented on ATR. Jefferies Financial Group raised AptarGroup from a “hold” rating to a “buy” rating and increased their price objective for the company from $155.00 to $215.00 in a research note on Monday. 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 research report on Tuesday.

Insider Buying and Selling at AptarGroup

In related news, CEO Stephan B. Tanda sold 32,000 shares of the business’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $147.56, for a total value of $4,721,920.00. Following the sale, the chief executive officer now directly owns 174,118 shares in the company, valued at $25,692,852.08. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other AptarGroup news, insider Xiangwei Gong sold 800 shares of the 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Stephan B. Tanda sold 32,000 shares of the stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now directly owns 174,118 shares of the company’s stock, valued at $25,692,852.08. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 49,457 shares of company stock valued at $7,314,030. 1.00% of the stock is 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.