Brokers Set Expectations for AptarGroup, Inc.’s Q2 2024 Earnings (NYSE:ATR)

AptarGroup, Inc. (NYSE:ATRFree Report) – Equities research analysts at Zacks Research increased their Q2 2024 earnings per share (EPS) estimates for AptarGroup in a research note issued on Thursday, May 9th. Zacks Research analyst M. Das now forecasts that the industrial products company will post earnings of $1.35 per share for the quarter, up from their previous estimate of $1.34. The consensus estimate for AptarGroup’s current full-year earnings is $5.36 per share. Zacks Research also issued estimates for AptarGroup’s Q3 2024 earnings at $1.44 EPS, FY2024 earnings at $5.32 EPS, Q1 2025 earnings at $1.34 EPS, Q4 2025 earnings at $1.39 EPS and FY2026 earnings at $6.22 EPS.

Several other analysts also recently commented on the stock. Wells Fargo & Company raised their target price on shares of AptarGroup from $160.00 to $163.00 and gave the stock an “overweight” rating in a report on Monday, April 29th. Robert W. Baird increased their price objective on shares of AptarGroup from $150.00 to $170.00 and gave the stock an “outperform” rating in a research report on Monday, April 29th. Finally, William Blair raised shares of AptarGroup from a “market perform” rating to an “outperform” rating in a research report on Monday, April 29th.

View Our Latest Stock Report on AptarGroup

AptarGroup Trading Up 0.0 %

NYSE ATR opened at $147.88 on Monday. AptarGroup has a one year low of $111.63 and a one year high of $151.73. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.30 and a quick ratio of 0.89. The firm has a market cap of $9.80 billion, a P/E ratio of 31.73, a P/E/G ratio of 3.96 and a beta of 0.57. The stock’s 50-day moving average is $142.65 and its 200-day moving average is $134.13.

Hedge Funds Weigh In On AptarGroup

Institutional investors have recently added to or reduced their stakes in the company. Albert D Mason Inc. grew its position in shares of AptarGroup by 0.8% in the 1st quarter. Albert D Mason Inc. now owns 10,257 shares of the industrial products company’s stock valued at $1,476,000 after acquiring an additional 77 shares during the period. Picton Mahoney Asset Management grew its holdings in AptarGroup by 9.0% during the third quarter. Picton Mahoney Asset Management now owns 1,210 shares of the industrial products company’s stock worth $152,000 after purchasing an additional 100 shares during the period. State of Michigan Retirement System raised its stake in AptarGroup by 0.6% in the fourth quarter. State of Michigan Retirement System now owns 15,810 shares of the industrial products company’s stock valued at $1,954,000 after buying an additional 100 shares during the period. Fulton Bank N.A. raised its stake in AptarGroup by 4.9% in the fourth quarter. Fulton Bank N.A. now owns 2,230 shares of the industrial products company’s stock valued at $276,000 after buying an additional 105 shares during the period. Finally, Natixis Advisors L.P. lifted its position in shares of AptarGroup by 0.4% in the fourth quarter. Natixis Advisors L.P. now owns 24,574 shares of the industrial products company’s stock valued at $3,037,000 after buying an additional 109 shares during the last quarter. 88.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at AptarGroup

In other news, CEO Stephan B. Tanda sold 32,000 shares of the business’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $141.67, for a total value of $4,533,440.00. Following the sale, the chief executive officer now owns 159,024 shares of the company’s stock, valued at $22,528,930.08. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, CEO Stephan B. Tanda sold 32,000 shares of the company’s stock in a transaction dated Monday, March 4th. The stock was 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 owns 159,024 shares in the company, valued at $22,528,930.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Monnas Giovanna Kampouri sold 2,000 shares of the 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 disclosure for this sale can be found here. Insiders sold 45,334 shares of company stock valued at $6,467,171 in the last ninety days. 1.00% of the stock is currently owned by corporate insiders.

AptarGroup Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 16th. Shareholders of record on Thursday, April 25th will be given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date is Wednesday, April 24th. AptarGroup’s dividend payout ratio (DPR) is currently 35.19%.

AptarGroup Company Profile

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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.

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Earnings History and Estimates for AptarGroup (NYSE:ATR)

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