Atmus Filtration Technologies (ATMU) Set to Announce Quarterly Earnings on Friday

Atmus Filtration Technologies (NYSE:ATMU) is scheduled to announce its earnings results before the market opens on Friday, November 8th. Analysts expect the company to announce earnings of $0.51 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

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

Atmus Filtration Technologies Stock Performance

Shares of Atmus Filtration Technologies stock opened at $38.94 on Friday. The stock has a market cap of $3.25 billion, a price-to-earnings ratio of 19.87, a PEG ratio of 4.40 and a beta of 1.75. The firm’s 50-day moving average is $36.98 and its 200 day moving average is $32.58. Atmus Filtration Technologies has a 1 year low of $18.21 and a 1 year high of $40.29. The company has a debt-to-equity ratio of 3.28, a current ratio of 2.07 and a quick ratio of 1.30.

Atmus Filtration Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 13th. Investors of record on Thursday, October 31st will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date is Thursday, October 31st. Atmus Filtration Technologies’s payout ratio is 10.20%.

Insider Activity

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

Analysts Set New Price Targets

A number of equities analysts recently issued reports on ATMU shares. JPMorgan Chase & Co. upped their price target on shares of Atmus Filtration Technologies from $39.00 to $47.00 and gave the stock an “overweight” rating in a research note on Friday, October 11th. Wells Fargo & Company upped their target price on shares of Atmus Filtration Technologies from $36.00 to $42.00 and gave the company an “overweight” rating in a research note on Monday, October 7th. Robert W. Baird upped their target price on shares of Atmus Filtration Technologies from $37.00 to $42.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Finally, Northland Securities upped their target price on shares of Atmus Filtration Technologies from $38.00 to $49.00 and gave the company an “outperform” rating in a research note on Tuesday, October 15th. Five analysts have rated the stock with a buy rating, According to MarketBeat, Atmus Filtration Technologies presently has an average rating of “Buy” and an average price target of $42.80.

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.