Research Analysts Offer Predictions for ATMU FY2025 Earnings

Key Points

• Northland Capital Markets has raised its FY2025 earnings per share estimate for Atmus Filtration Technologies from $2.51 to $2.57, surpassing the consensus estimate of $2.52.
• Atmus recently reported quarterly earnings of $0.75 EPS, exceeding estimates by $0.09, with a revenue increase of 4.8% year-over-year.
• The company announced an increase in its quarterly dividend from $0.05 to $0.055 per share, representing a 0.5% dividend yield.

Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) - Northland Capmk raised their FY2025 earnings per share (EPS) estimates for Atmus Filtration Technologies in a research note issued on Tuesday, August 12th. Northland Capmk analyst B. Brooks now expects that the company will earn $2.57 per share for the year, up from their previous estimate of $2.51. The consensus estimate for Atmus Filtration Technologies' current full-year earnings is $2.52 per share.

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last released its quarterly earnings results on Friday, August 8th. The company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.09. Atmus Filtration Technologies had a return on equity of 83.23% and a net margin of 11.22%. The company had revenue of $453.50 million during the quarter, compared to analysts' expectations of $433.51 million. During the same quarter in the prior year, the business posted $0.71 earnings per share. The company's revenue for the quarter was up 4.8% compared to the same quarter last year.

Several other research analysts have also recently issued reports on ATMU. Robert W. Baird increased their price target on Atmus Filtration Technologies from $41.00 to $45.00 and gave the stock an "outperform" rating in a research note on Monday. Wells Fargo & Company upped their price objective on Atmus Filtration Technologies from $37.00 to $39.00 and gave the company an "equal weight" rating in a report on Tuesday, July 1st. The Goldman Sachs Group lowered Atmus Filtration Technologies from a "buy" rating to a "neutral" rating and set a $39.00 price objective for the company. in a report on Tuesday, May 27th. Finally, JPMorgan Chase & Co. upped their price objective on Atmus Filtration Technologies from $38.00 to $41.00 and gave the company an "overweight" rating in a report on Monday, May 5th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, Atmus Filtration Technologies has an average rating of "Moderate Buy" and an average price target of $42.80.

Atmus Filtration Technologies Stock Performance

Shares of NYSE:ATMU traded down $0.36 on Thursday, hitting $45.26. The company's stock had a trading volume of 35,024 shares, compared to its average volume of 789,973. Atmus Filtration Technologies has a 12 month low of $30.94 and a 12 month high of $45.92. The company has a market capitalization of $3.72 billion, a price-to-earnings ratio of 20.00, a price-to-earnings-growth ratio of 5.38 and a beta of 1.64. The stock's 50-day moving average is $37.68 and its two-hundred day moving average is $37.35. The company has a debt-to-equity ratio of 1.75, a quick ratio of 1.46 and a current ratio of 2.15.

Atmus Filtration Technologies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Tuesday, August 26th will be issued a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a dividend yield of 0.5%. This is an increase from Atmus Filtration Technologies's previous quarterly dividend of $0.05. Atmus Filtration Technologies's dividend payout ratio is currently 8.85%.

Institutional Investors Weigh In On Atmus Filtration Technologies

Several hedge funds have recently modified their holdings of the stock. Eminence Capital LP lifted its holdings in shares of Atmus Filtration Technologies by 25.4% during the first quarter. Eminence Capital LP now owns 5,757,054 shares of the company's stock valued at $211,457,000 after purchasing an additional 1,164,440 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in Atmus Filtration Technologies by 5.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 4,262,408 shares of the company's stock valued at $167,003,000 after buying an additional 223,712 shares during the period. Wellington Management Group LLP raised its position in Atmus Filtration Technologies by 24.5% during the first quarter. Wellington Management Group LLP now owns 2,425,657 shares of the company's stock valued at $89,094,000 after buying an additional 478,018 shares during the period. Geode Capital Management LLC raised its position in Atmus Filtration Technologies by 20.8% during the second quarter. Geode Capital Management LLC now owns 2,365,362 shares of the company's stock valued at $86,154,000 after buying an additional 407,484 shares during the period. Finally, Invesco Ltd. raised its position in Atmus Filtration Technologies by 1.5% during the second quarter. Invesco Ltd. now owns 2,189,677 shares of the company's stock valued at $79,748,000 after buying an additional 31,827 shares during the period. 32.73% of the stock is owned by hedge funds and other institutional investors.

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.

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