FY2025 Earnings Forecast for ATMU Issued By Northland Capmk

Atmus Filtration Technologies Inc. (NYSE:ATMU) – Equities research analysts at Northland Capmk raised their FY2025 earnings estimates for shares of Atmus Filtration Technologies in a note issued to investors on Monday, November 10th. Northland Capmk analyst B. Brooks now expects that the company will post earnings of $2.60 per share for the year, up from their previous forecast of $2.57. The consensus estimate for Atmus Filtration Technologies’ current full-year earnings is $2.52 per share.

Atmus Filtration Technologies (NYSE:ATMU) last announced its quarterly earnings data on Friday, November 7th. The company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.08. Atmus Filtration Technologies had a net margin of 11.57% and a return on equity of 76.84%. The business had revenue of $447.70 million for the quarter, compared to analyst estimates of $415.02 million. During the same period in the prior year, the business posted $0.61 earnings per share. Atmus Filtration Technologies’s revenue was up 10.9% compared to the same quarter last year. Atmus Filtration Technologies has set its FY 2025 guidance at 2.500-2.650 EPS.

Several other research firms have also issued reports on ATMU. Weiss Ratings restated a “buy (b-)” rating on shares of Atmus Filtration Technologies in a research report on Wednesday, October 8th. Robert W. Baird raised their target price on Atmus Filtration Technologies from $41.00 to $45.00 and gave the stock an “outperform” rating in a report on Monday, August 11th. Wall Street Zen cut Atmus Filtration Technologies from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 1st. JPMorgan Chase & Co. increased their price target on shares of Atmus Filtration Technologies from $47.00 to $53.00 and gave the company a “neutral” rating in a research report on Monday. Finally, Wells Fargo & Company lifted their price objective on shares of Atmus Filtration Technologies from $47.00 to $52.00 and gave the stock an “equal weight” rating in a research note on Monday. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $47.25.

Atmus Filtration Technologies Stock Performance

Shares of Atmus Filtration Technologies stock opened at $48.70 on Wednesday. The firm has a fifty day moving average of $45.67 and a two-hundred day moving average of $40.97. The company has a debt-to-equity ratio of 1.63, a quick ratio of 1.43 and a current ratio of 2.14. The stock has a market capitalization of $3.97 billion, a price-to-earnings ratio of 20.29, a PEG ratio of 3.27 and a beta of 1.62. Atmus Filtration Technologies has a 52 week low of $30.94 and a 52 week high of $51.84.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of ATMU. Jones Financial Companies Lllp increased its position in shares of Atmus Filtration Technologies by 143.1% during the 1st quarter. Jones Financial Companies Lllp now owns 700 shares of the company’s stock worth $26,000 after purchasing an additional 412 shares during the last quarter. SouthState Corp bought a new position in shares of Atmus Filtration Technologies in the first quarter valued at $27,000. Bessemer Group Inc. increased its holdings in Atmus Filtration Technologies by 31.4% during the second quarter. Bessemer Group Inc. now owns 1,138 shares of the company’s stock worth $42,000 after buying an additional 272 shares during the last quarter. Geneos Wealth Management Inc. raised its position in Atmus Filtration Technologies by 93.6% during the second quarter. Geneos Wealth Management Inc. now owns 1,332 shares of the company’s stock worth $49,000 after acquiring an additional 644 shares in the last quarter. Finally, Osaic Holdings Inc. lifted its stake in Atmus Filtration Technologies by 54.8% in the second quarter. Osaic Holdings Inc. now owns 2,471 shares of the company’s stock valued at $90,000 after acquiring an additional 875 shares during the last quarter. 32.73% of the stock is owned by institutional investors and hedge funds.

Atmus Filtration Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Tuesday, November 25th will be given a $0.055 dividend. The ex-dividend date of this dividend is Tuesday, November 25th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 0.5%. Atmus Filtration Technologies’s payout ratio is currently 9.17%.

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.