Atmus Filtration Technologies (NYSE:ATMU) Releases Earnings Results, Beats Estimates By $0.04 EPS

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) released its quarterly earnings data on Friday. The company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.04, RTT News reports. The company had revenue of $110.50 million during the quarter, compared to analyst estimates of $424.03 million. Atmus Filtration Technologies had a net margin of 11.12% and a return on equity of 120.81%. Atmus Filtration Technologies's revenue for the quarter was down 2.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.60 EPS. Atmus Filtration Technologies updated its FY 2025 guidance to 2.350-2.600 EPS.

Atmus Filtration Technologies Stock Performance

Shares of ATMU traded down $0.02 on Wednesday, reaching $35.60. 475,413 shares of the company's stock traded hands, compared to its average volume of 911,531. The stock's 50 day simple moving average is $35.70 and its two-hundred day simple moving average is $39.05. 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 52-week low of $27.62 and a 52-week high of $45.43. The stock has a market cap of $2.94 billion, a PE ratio of 16.11, a PEG ratio of 3.99 and a beta of 1.81.

Atmus Filtration Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Tuesday, March 4th were paid a $0.05 dividend. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.56%. Atmus Filtration Technologies's payout ratio is presently 9.05%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Wells Fargo & Company upped their price objective on shares of Atmus Filtration Technologies from $35.00 to $37.00 and gave the company an "equal weight" rating in a report on Monday. JPMorgan Chase & Co. boosted their target price on shares of Atmus Filtration Technologies from $38.00 to $41.00 and gave the stock an "overweight" rating in a research report on Monday. Finally, Robert W. Baird cut 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, February 24th.

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.