What is Northland Capmk's Forecast for ATMU FY2024 Earnings?

Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) - Equities researchers at Northland Capmk reduced their FY2024 earnings per share estimates for Atmus Filtration Technologies in a research note issued on Tuesday, October 15th. Northland Capmk analyst B. Brooks now forecasts that the company will post earnings of $2.36 per share for the year, down from their prior forecast of $2.37. The consensus estimate for Atmus Filtration Technologies' current full-year earnings is $2.33 per share. Northland Capmk also issued estimates for Atmus Filtration Technologies' FY2025 earnings at $2.41 EPS.

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last announced its 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 analyst estimates of $418.33 million. Atmus Filtration Technologies had a return on equity of 187.12% and a net margin of 10.52%. Atmus Filtration Technologies's revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.63 earnings per share.

A number of other brokerages also recently commented on ATMU. Robert W. Baird boosted their target price on Atmus Filtration Technologies from $37.00 to $42.00 and gave the company an "outperform" rating in a research note on Wednesday. JPMorgan Chase & Co. upped 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. Northland Securities upped their price target on Atmus Filtration Technologies from $38.00 to $49.00 and gave the stock an "outperform" rating in a research note on Tuesday. Finally, Wells Fargo & Company upped their price target on Atmus Filtration Technologies from $36.00 to $42.00 and gave the stock an "overweight" rating in a research note on Monday, October 7th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $42.80.

Atmus Filtration Technologies Stock Down 0.3 %

NYSE:ATMU traded down $0.11 during trading hours on Friday, hitting $39.67. 282,289 shares of the company's stock traded hands, compared to its average volume of 1,925,272. The firm has a market cap of $3.31 billion, a P/E ratio of 20.30, a P/E/G ratio of 4.40 and a beta of 1.75. Atmus Filtration Technologies has a twelve month low of $18.21 and a twelve month high of $40.29. 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's fifty day moving average price is $35.75 and its two-hundred day moving average price is $32.12.

Atmus Filtration Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 13th. Shareholders of record on Thursday, October 31st will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.50%. Atmus Filtration Technologies's payout ratio is 10.20%.

Insider Buying and Selling at Atmus Filtration Technologies

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

Institutional Trading of Atmus Filtration Technologies

Several hedge funds have recently added to or reduced their stakes in ATMU. ProShare Advisors LLC raised its stake in shares of Atmus Filtration Technologies by 3.1% in 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. grew its holdings in shares of Atmus Filtration Technologies by 2.8% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 12,999 shares of the company's stock valued at $374,000 after acquiring an additional 355 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Atmus Filtration Technologies by 103.8% in the 1st quarter. GAMMA Investing LLC now owns 868 shares of the company's stock valued at $28,000 after acquiring an additional 442 shares in the last quarter. Investment Research & Advisory Group Inc. bought a new position in shares of Atmus Filtration Technologies in the 1st quarter valued at about $26,000. Finally, Evermay Wealth Management LLC bought a new stake in shares of Atmus Filtration Technologies during the first quarter worth approximately $29,000. Institutional investors and hedge funds own 32.73% of the company's stock.

About Atmus Filtration Technologies

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.