FY2024 Earnings Forecast for ATMU Issued By Northland Capmk

Atmus Filtration Technologies Inc. (NYSE:ATMU) – Stock analysts at Northland Capmk lifted their FY2024 earnings per share (EPS) estimates for shares of Atmus Filtration Technologies in a research report issued to clients and investors on Tuesday, November 12th. Northland Capmk analyst B. Brooks now forecasts that the company will post earnings of $2.50 per share for the year, up from their previous forecast of $2.36. The consensus estimate for Atmus Filtration Technologies’ current full-year earnings is $2.37 per share. Northland Capmk also issued estimates for Atmus Filtration Technologies’ Q4 2024 earnings at $0.57 EPS and FY2025 earnings at $2.58 EPS.

Atmus Filtration Technologies (NYSE:ATMU) last released its quarterly earnings results on Friday, November 8th. The company reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.09. The company had revenue of $404.00 million during the quarter, compared to the consensus estimate of $403.40 million. Atmus Filtration Technologies had a net margin of 10.84% and a return on equity of 134.28%. The firm’s quarterly revenue was up 2.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.52 earnings per share.

A number of other research firms also recently commented on ATMU. Wells Fargo & Company downgraded Atmus Filtration Technologies from an “overweight” rating to an “equal weight” rating and boosted their price target for the company from $42.00 to $45.00 in a research note on Monday. Northland Securities raised their target price on shares of Atmus Filtration Technologies from $49.00 to $50.00 and gave the company an “outperform” rating in a report on Tuesday. Robert W. Baird upped their price target on shares of Atmus Filtration Technologies from $42.00 to $48.00 and gave the stock an “outperform” rating in a report on Tuesday. Finally, JPMorgan Chase & Co. increased 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 report on Friday, October 11th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $44.80.

Atmus Filtration Technologies Price Performance

Shares of NYSE ATMU opened at $43.13 on Thursday. The business has a fifty day moving average price of $38.23 and a two-hundred day moving average price of $33.23. The stock has a market capitalization of $3.58 billion, a PE ratio of 20.06, a P/E/G ratio of 4.79 and a beta of 1.68. The company has a debt-to-equity ratio of 2.61, a current ratio of 2.11 and a quick ratio of 1.30. Atmus Filtration Technologies has a fifty-two week low of $20.44 and a fifty-two week high of $44.66.

Atmus Filtration Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 13th. Stockholders of record on Thursday, October 31st were issued a $0.05 dividend. The ex-dividend date was Thursday, October 31st. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.46%. Atmus Filtration Technologies’s dividend payout ratio (DPR) is currently 9.30%.

Insider Activity

In other news, Director Gretchen R. Haggerty bought 5,849 shares of the stock in a transaction on Friday, August 23rd. The stock was acquired at an average price of $34.20 per share, with a total value of $200,035.80. Following the acquisition, the director now directly owns 19,882 shares in the company, valued at approximately $679,964.40. This trade represents a 41.68 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.43% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Atmus Filtration Technologies

Several large investors have recently modified their holdings of ATMU. Glenmede Trust Co. NA increased its stake in shares of Atmus Filtration Technologies by 0.7% in the third quarter. Glenmede Trust Co. NA now owns 41,275 shares of the company’s stock valued at $1,549,000 after buying an additional 303 shares during the period. ProShare Advisors LLC increased 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 valued at $325,000 after purchasing an additional 344 shares during the period. Crossmark Global Holdings Inc. raised its holdings in Atmus Filtration Technologies by 2.8% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 12,999 shares of the company’s stock worth $374,000 after purchasing an additional 355 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its position in shares of Atmus Filtration Technologies by 4.6% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 14,256 shares of the company’s stock worth $535,000 after purchasing an additional 626 shares during the period. Finally, KBC Group NV boosted its stake in shares of Atmus Filtration Technologies by 42.1% in the 3rd quarter. KBC Group NV now owns 2,424 shares of the company’s stock valued at $91,000 after purchasing an additional 718 shares during the last quarter. Institutional investors 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.