Equities Analysts Offer Predictions for ATMU FY2024 Earnings

Atmus Filtration Technologies Inc. (NYSE:ATMU) – Equities research analysts at Northland Capmk cut their FY2024 earnings per share (EPS) estimates for shares of Atmus Filtration Technologies in a report released on Tuesday, October 15th. Northland Capmk analyst B. Brooks now expects that the company will post earnings of $2.36 per share for the year, down from their previous forecast of $2.37. The consensus estimate for Atmus Filtration Technologies’ current full-year earnings is $2.33 per share. Northland Capmk also issued estimates for Atmus Filtration Technologies’ FY2025 earnings at $2.41 EPS.

Atmus Filtration Technologies (NYSE:ATMU) last posted its earnings results on Friday, August 2nd. The company reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.13. Atmus Filtration Technologies had a return on equity of 187.12% and a net margin of 10.52%. The company had revenue of $432.60 million for the quarter, compared to the consensus estimate of $418.33 million. During the same period in the previous year, the business earned $0.63 earnings per share. Atmus Filtration Technologies’s quarterly revenue was up 4.6% compared to the same quarter last year.

A number of other equities analysts have also recently issued reports on ATMU. Northland Securities lifted their target price on shares of Atmus Filtration Technologies from $38.00 to $49.00 and gave the stock an “outperform” rating in a research report on Tuesday. Wells Fargo & Company lifted their price objective on Atmus Filtration Technologies from $36.00 to $42.00 and gave the stock an “overweight” rating in a research report on Monday, October 7th. Robert W. Baird increased their target price on Atmus Filtration Technologies from $37.00 to $42.00 and gave the company an “outperform” rating in a report on Wednesday. Finally, JPMorgan Chase & Co. raised their price target on Atmus Filtration Technologies from $39.00 to $47.00 and gave the stock an “overweight” rating in a research report on Friday, October 11th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $42.80.

Atmus Filtration Technologies Price Performance

Atmus Filtration Technologies stock opened at $39.79 on Friday. The firm has a market capitalization of $3.32 billion, a PE ratio of 20.30, a P/E/G ratio of 4.40 and a beta of 1.75. Atmus Filtration Technologies has a 52 week low of $18.21 and a 52 week high of $40.29. The firm’s 50-day simple moving average is $35.89 and its 200 day simple moving average is $32.17. The company has a quick ratio of 1.30, a current ratio of 2.07 and a debt-to-equity ratio of 3.28.

Atmus Filtration Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 13th. Investors of record on Thursday, October 31st will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.50%. Atmus Filtration Technologies’s payout ratio is 10.20%.

Insider Buying and Selling

In related news, Director Stephen E. Macadam acquired 8,250 shares of the stock in a transaction dated Wednesday, August 7th. The stock was bought at an average cost of $31.56 per share, with a total value of $260,370.00. Following the purchase, the director now directly owns 32,083 shares of the company’s stock, valued at approximately $1,012,539.48. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, Director Stephen E. Macadam acquired 8,250 shares of the business’s stock in a transaction dated Wednesday, August 7th. The shares were bought at an average cost of $31.56 per share, for a total transaction of $260,370.00. Following the acquisition, the director now directly owns 32,083 shares in the company, valued at $1,012,539.48. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Gretchen R. Haggerty acquired 5,849 shares of Atmus Filtration Technologies stock in a transaction dated Friday, August 23rd. The stock was purchased at an average cost of $34.20 per share, for a total transaction of $200,035.80. Following the completion of the purchase, the director now directly owns 19,882 shares in the company, valued at approximately $679,964.40. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.43% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Atmus Filtration Technologies

Large investors have recently made changes to their positions in the business. ProShare Advisors LLC boosted its position in Atmus Filtration Technologies by 3.1% during the 2nd quarter. ProShare Advisors LLC now owns 11,282 shares of the company’s stock worth $325,000 after purchasing an additional 344 shares during the period. Crossmark Global Holdings Inc. boosted its position in shares of Atmus Filtration Technologies by 2.8% in the second quarter. Crossmark Global Holdings Inc. now owns 12,999 shares of the company’s stock worth $374,000 after buying an additional 355 shares during the period. GAMMA Investing LLC grew its stake in shares of Atmus Filtration Technologies by 103.8% in the first quarter. GAMMA Investing LLC now owns 868 shares of the company’s stock valued at $28,000 after buying an additional 442 shares in the last quarter. Investment Research & Advisory Group Inc. purchased a new stake in shares of Atmus Filtration Technologies during the 1st quarter valued at about $26,000. Finally, Evermay Wealth Management LLC acquired a new position in Atmus Filtration Technologies during the 1st quarter worth approximately $29,000. Institutional investors and hedge funds own 32.73% of the company’s stock.

Atmus Filtration Technologies Company Profile

Atmus Filtration Technologies Inc designs, manufactures, and sells filtration products under the Fleetguard brand name in North America, Europe, South America, Asia, Australia, Africa, and internationally. The company offers fuel filters, lube filters, air filters, crankcase ventilation, hydraulic filters, coolants, and fuel additives, as well as other chemicals; and fuel water separators and other filtration systems to original equipment manufacturers, dealers/distributors, and end-users.