Atmus Filtration Technologies (NYSE:ATMU) Issues Earnings Results

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) announced its quarterly earnings results on Friday. The company reported $0.58 earnings per share for the quarter, topping analysts' consensus estimates of $0.53 by $0.05, Zacks reports. Atmus Filtration Technologies had a return on equity of 120.81% and a net margin of 11.12%. The business had revenue of $406.70 million for the quarter, compared to analysts' expectations of $399.24 million. Atmus Filtration Technologies updated its FY 2025 guidance to 2.350-2.600 EPS.

Atmus Filtration Technologies Price Performance

ATMU stock traded up $1.01 during trading on Tuesday, hitting $39.21. The company had a trading volume of 1,095,329 shares, compared to its average volume of 704,631. The business has a 50 day moving average of $40.30 and a 200 day moving average of $39.08. The firm has a market capitalization of $3.26 billion, a price-to-earnings ratio of 17.74, a P/E/G ratio of 3.99 and a beta of 1.80. The company has a current ratio of 2.11, a quick ratio of 1.35 and a debt-to-equity ratio of 2.61. Atmus Filtration Technologies has a fifty-two week low of $22.74 and a fifty-two week high of $45.43.

Atmus Filtration Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Tuesday, March 4th will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date of this dividend is Tuesday, March 4th. Atmus Filtration Technologies's dividend payout ratio (DPR) is 9.05%.

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Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Robert W. Baird dropped their target price on Atmus Filtration Technologies from $46.00 to $45.00 and set an "outperform" rating on the stock in a research report on Monday. Wells Fargo & Company lowered their price target on shares of Atmus Filtration Technologies from $40.00 to $39.00 and set an "equal weight" rating for the company in a research report on Monday. Finally, Northland Securities lifted their price objective on shares of Atmus Filtration Technologies from $49.00 to $50.00 and gave the company an "outperform" rating in a research report on Tuesday, November 12th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Atmus Filtration Technologies currently has a consensus rating of "Moderate Buy" and an average target price of $43.00.

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.