Q1 2024 EPS Estimates for AptarGroup, Inc. (NYSE:ATR) Boosted by Zacks Research

AptarGroup, Inc. (NYSE:ATRFree Report) – Stock analysts at Zacks Research lifted their Q1 2024 EPS estimates for AptarGroup in a research note issued to investors on Monday, April 1st. Zacks Research analyst M. Das now forecasts that the industrial products company will earn $1.14 per share for the quarter, up from their previous forecast of $1.11. The consensus estimate for AptarGroup’s current full-year earnings is $5.19 per share. Zacks Research also issued estimates for AptarGroup’s Q2 2024 earnings at $1.34 EPS, Q3 2024 earnings at $1.43 EPS, Q4 2024 earnings at $1.30 EPS, FY2024 earnings at $5.21 EPS, Q1 2025 earnings at $1.32 EPS, Q2 2025 earnings at $1.49 EPS, Q3 2025 earnings at $1.57 EPS, Q4 2025 earnings at $1.38 EPS, FY2025 earnings at $5.75 EPS and Q1 2026 earnings at $1.46 EPS.

AptarGroup (NYSE:ATRGet Free Report) last released its earnings results on Friday, February 9th. The industrial products company reported $1.21 earnings per share 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 analyst estimates of $842.50 million. During the same quarter in the previous year, the firm earned $0.92 earnings per share. The firm’s revenue for the quarter was up 5.3% compared to the same quarter last year.

ATR has been the subject of several other research reports. Robert W. Baird upgraded shares of AptarGroup from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $125.00 to $150.00 in a research report on Wednesday, January 3rd. Wells Fargo & Company upped their price target on shares of AptarGroup from $157.00 to $160.00 and gave the company an “overweight” rating in a report on Thursday, March 7th.

Read Our Latest Stock Analysis on AptarGroup

AptarGroup Stock Up 0.2 %

ATR stock opened at $140.88 on Wednesday. The firm has a fifty day moving average price of $138.73 and a two-hundred day moving average price of $130.31. The firm has a market cap of $9.32 billion, a price-to-earnings ratio of 33.15, a PEG ratio of 3.91 and a beta of 0.59. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.24 and a quick ratio of 0.83. AptarGroup has a 1-year low of $111.63 and a 1-year high of $145.35.

Hedge Funds Weigh In On AptarGroup

A number of hedge funds have recently added to or reduced their stakes in ATR. Pacer Advisors Inc. grew its holdings in AptarGroup by 191.3% during the fourth quarter. Pacer Advisors Inc. now owns 15,894 shares of the industrial products company’s stock valued at $1,965,000 after purchasing an additional 10,437 shares during the last quarter. Teachers Retirement System of The State of Kentucky grew its holdings in AptarGroup by 93.5% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 22,346 shares of the industrial products company’s stock valued at $2,794,000 after purchasing an additional 10,796 shares during the last quarter. FMR LLC boosted its position in shares of AptarGroup by 19.7% in the third 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. UBS Group AG boosted its position in shares of AptarGroup by 65.4% in the third quarter. UBS Group AG now owns 53,313 shares of the industrial products company’s stock valued at $6,666,000 after acquiring an additional 21,084 shares during the period. Finally, Sei Investments Co. boosted its position in shares of AptarGroup by 9.2% in the third quarter. Sei Investments Co. now owns 103,341 shares of the industrial products company’s stock valued at $12,922,000 after acquiring an additional 8,671 shares during the period. Institutional investors and hedge funds own 88.52% of the company’s stock.

Insider Buying and Selling at AptarGroup

In other 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 value of $4,533,440.00. Following the transaction, the chief executive officer now owns 159,024 shares in the company, valued at approximately $22,528,930.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Gael Touya sold 3,500 shares of the stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $142.84, for a total value of $499,940.00. Following the transaction, the insider now owns 33,426 shares in the company, valued at $4,774,569.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Stephan B. Tanda sold 32,000 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $141.67, for a total value of $4,533,440.00. Following the completion of the transaction, the chief executive officer now owns 159,024 shares in the company, valued at approximately $22,528,930.08. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 37,500 shares of company stock valued at $5,318,280. 1.00% of the stock is currently owned by corporate insiders.

AptarGroup Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 22nd. Shareholders of record on Thursday, February 1st were paid a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date of this dividend was Wednesday, January 31st. AptarGroup’s dividend payout ratio is presently 38.59%.

AptarGroup Company Profile

(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 Aptar Pharma, Aptar Beauty, and Aptar Closures segments.

See Also

Earnings History and Estimates for AptarGroup (NYSE:ATR)

Receive News & Ratings for AptarGroup Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AptarGroup and related companies with MarketBeat.com's FREE daily email newsletter.