AptarGroup (ATR) Scheduled to Post Quarterly Earnings on Thursday

AptarGroup (NYSE:ATR - Get Free Report) is scheduled to be posting its quarterly earnings results after the market closes on Thursday, October 24th. Analysts expect AptarGroup to post 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.Parties that are interested in registering for the company's conference call can do so using this link.

AptarGroup (NYSE:ATR - Get Free Report) last released its earnings results on Thursday, July 25th. The industrial products company reported $1.37 EPS for the quarter, topping the consensus estimate of $1.36 by $0.01. The firm had revenue of $910.10 million during the quarter, compared to analysts' expectations of $930.15 million. AptarGroup had a return on equity of 15.13% and a net margin of 9.00%. AptarGroup's revenue for the quarter was up 1.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.23 EPS. On average, analysts expect AptarGroup to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

AptarGroup Stock Up 1.1 %

Shares of AptarGroup stock traded up $1.85 during trading on Thursday, hitting $167.89. 238,180 shares of the stock were exchanged, compared to its average volume of 291,417. The stock has a market cap of $11.13 billion, a price-to-earnings ratio of 35.61, a price-to-earnings-growth ratio of 3.29 and a beta of 0.58. The firm's 50-day moving average price is $153.79 and its 200 day moving average price is $147.69. 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 has a 12-month low of $120.36 and a 12-month high of $169.65.

AptarGroup Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 14th. Stockholders 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 1.07%. AptarGroup's dividend payout ratio is currently 38.63%.

AptarGroup announced that its Board of Directors has authorized a stock repurchase program on Thursday, October 10th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the industrial products company to reacquire up to 4.7% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's board believes its shares are undervalued.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Jefferies Financial Group upgraded shares of AptarGroup from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $155.00 to $215.00 in a research report on Monday. Wells Fargo & Company upped 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 Transactions at AptarGroup

In other news, Director Monnas Giovanna Kampouri sold 1,922 shares of the firm's stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $144.43, for a total value of $277,594.46. Following the completion of the sale, the director now directly owns 8,839 shares of the company's stock, valued at $1,276,616.77. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Xiangwei Gong sold 800 shares of AptarGroup stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $146.56, for a total transaction of $117,248.00. Following the completion of the transaction, the insider now owns 20,174 shares of the company's stock, valued at $2,956,701.44. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Monnas Giovanna Kampouri sold 1,922 shares of the 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 completion of the sale, the director now directly owns 8,839 shares in the company, valued at approximately $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 three months, insiders sold 49,457 shares of company stock valued at $7,314,030. Corporate insiders own 1.00% of the company's stock.

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.