Atmus Filtration Technologies (NYSE:ATMU) Issues Earnings Results

Atmus Filtration Technologies (NYSE:ATMU) posted its quarterly earnings data on Friday. The company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.09, Briefing.com reports. The business had revenue of $404.00 million for the quarter, compared to the consensus estimate of $403.40 million. Atmus Filtration Technologies had a net margin of 10.52% and a return on equity of 187.12%. The company’s revenue was up 2.0% compared to the same quarter last year. During the same period last year, the firm posted $0.52 earnings per share. Atmus Filtration Technologies updated its FY 2024 guidance to 2.350-2.500 EPS and its FY24 guidance to $2.35-2.50 EPS.

Atmus Filtration Technologies Price Performance

NYSE:ATMU opened at $44.27 on Friday. Atmus Filtration Technologies has a one year low of $18.73 and a one year high of $44.66. The stock has a market cap of $3.69 billion, a PE ratio of 20.59, a P/E/G ratio of 4.74 and a beta of 1.68. The company has a debt-to-equity ratio of 3.28, a quick ratio of 1.30 and a current ratio of 2.07. The stock has a 50 day moving average price of $37.72 and a 200 day moving average price of $32.98.

Atmus Filtration Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 13th. Stockholders of record on Thursday, October 31st will be given a $0.05 dividend. The ex-dividend date is Thursday, October 31st. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.45%. Atmus Filtration Technologies’s dividend payout ratio (DPR) is presently 9.30%.

Insiders Place Their Bets

In related news, Director Gretchen R. Haggerty bought 5,849 shares of the business’s stock in a transaction on Friday, August 23rd. The stock was acquired at an average cost of $34.20 per share, with a total value of $200,035.80. Following the purchase, the director now directly owns 19,882 shares of the company’s stock, valued at $679,964.40. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.43% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Robert W. Baird raised their price target 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. JPMorgan Chase & Co. lifted their price target on 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 boosted their price target 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. Finally, Northland Securities raised their price objective on Atmus Filtration Technologies from $38.00 to $49.00 and gave the company an “outperform” rating in a report on Tuesday, October 15th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Atmus Filtration Technologies presently has an average rating of “Buy” and a consensus target price 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.