Q2 2024 EPS Estimates for AptarGroup, Inc. (NYSE:ATR) Boosted by William Blair

AptarGroup, Inc. (NYSE:ATRFree Report) – Analysts at William Blair raised their Q2 2024 earnings estimates for AptarGroup in a research note issued to investors on Monday, February 12th. William Blair analyst M. Larew now forecasts that the industrial products company will earn $1.34 per share for the quarter, up from their previous estimate of $1.33. The consensus estimate for AptarGroup’s current full-year earnings is $5.10 per share. William Blair also issued estimates for AptarGroup’s FY2024 earnings at $5.21 EPS, Q1 2025 earnings at $1.29 EPS, Q2 2025 earnings at $1.53 EPS, Q3 2025 earnings at $1.60 EPS and Q4 2025 earnings at $1.45 EPS.

Separately, Robert W. Baird raised shares of AptarGroup from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $125.00 to $150.00 in a research report on Wednesday, January 3rd. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $146.25.

View Our Latest Analysis on ATR

AptarGroup Stock Down 1.0 %

Shares of NYSE:ATR opened at $137.63 on Tuesday. AptarGroup has a 52 week low of $108.18 and a 52 week high of $140.47. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.83 and a current ratio of 1.24. The company has a market capitalization of $9.05 billion, a PE ratio of 32.38, a PEG ratio of 3.90 and a beta of 0.58. The company has a 50 day moving average price of $128.05 and a two-hundred day moving average price of $126.21.

AptarGroup (NYSE:ATRGet Free Report) last issued its earnings results on Friday, February 9th. The industrial products company reported $1.21 EPS for the quarter, beating the consensus estimate of $1.12 by $0.09. AptarGroup had a net margin of 8.16% and a return on equity of 14.46%. The firm had revenue of $838.48 million during the quarter, compared to the consensus estimate of $842.50 million. During the same quarter in the prior year, the firm earned $0.92 earnings per share. The business’s quarterly revenue was up 5.3% on a year-over-year basis.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of ATR. Morgan Stanley grew its position in shares of AptarGroup by 866.4% in the 4th quarter. Morgan Stanley now owns 3,913,980 shares of the industrial products company’s stock valued at $430,460,000 after acquiring an additional 3,508,965 shares during the period. Norges Bank bought a new position in shares of AptarGroup in the 4th quarter valued at about $89,855,000. State Street Corp grew its position in shares of AptarGroup by 8.9% in the 1st quarter. State Street Corp now owns 2,893,157 shares of the industrial products company’s stock valued at $339,946,000 after acquiring an additional 237,377 shares during the period. Acadian Asset Management LLC grew its position in shares of AptarGroup by 43.8% in the 3rd quarter. Acadian Asset Management LLC now owns 744,836 shares of the industrial products company’s stock valued at $93,111,000 after acquiring an additional 226,818 shares during the period. Finally, FMR LLC grew its position in shares of AptarGroup by 19.7% in the 3rd quarter. FMR LLC now owns 1,371,141 shares of the industrial products company’s stock valued at $171,447,000 after acquiring an additional 225,296 shares during the period. Institutional investors own 88.61% of the company’s stock.

Insider Transactions at AptarGroup

In other news, Director Monnas Giovanna Kampouri sold 2,387 shares of the stock in a transaction on Friday, November 24th. The shares were sold at an average price of $128.38, for a total transaction of $306,443.06. Following the completion of the sale, the director now owns 11,648 shares of the company’s stock, valued at $1,495,370.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Marc Prieur sold 3,200 shares of the firm’s stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $126.24, for a total value of $403,968.00. Following the completion of the transaction, the insider now owns 13,828 shares of the company’s stock, valued at $1,745,646.72. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Monnas Giovanna Kampouri sold 2,387 shares of the firm’s stock in a transaction on Friday, November 24th. The shares were sold at an average price of $128.38, for a total transaction of $306,443.06. Following the completion of the transaction, the director now directly owns 11,648 shares of the company’s stock, valued at approximately $1,495,370.24. The disclosure for this sale can be found here. 1.20% of the stock is owned by insiders.

AptarGroup Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 22nd. Stockholders of record on Thursday, February 1st will be given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 1.19%. The ex-dividend date is Wednesday, January 31st. AptarGroup’s dividend payout ratio is 38.59%.

About AptarGroup

(Get Free Report)

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 three segments: Aptar Pharma, Aptar Beauty, and Aptar Closures.

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Earnings History and Estimates for AptarGroup (NYSE:ATR)

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