Atmus Filtration Technologies Inc. to Post Q2 2024 Earnings of $0.56 Per Share, Northland Capmk Forecasts (NYSE:ATMU)

Atmus Filtration Technologies Inc. (NYSE:ATMU) – Equities researchers at Northland Capmk boosted their Q2 2024 earnings estimates for shares of Atmus Filtration Technologies in a research note issued to investors on Tuesday, May 7th. Northland Capmk analyst B. Brooks now anticipates that the company will post earnings per share of $0.56 for the quarter, up from their previous forecast of $0.55. The consensus estimate for Atmus Filtration Technologies’ current full-year earnings is $2.24 per share. Northland Capmk also issued estimates for Atmus Filtration Technologies’ Q3 2024 earnings at $0.55 EPS, Q4 2024 earnings at $0.58 EPS, FY2024 earnings at $2.30 EPS, Q1 2025 earnings at $0.56 EPS, Q2 2025 earnings at $0.56 EPS, Q3 2025 earnings at $0.55 EPS, Q4 2025 earnings at $0.61 EPS and FY2025 earnings at $2.28 EPS.

Atmus Filtration Technologies (NYSE:ATMU) last posted its quarterly earnings results on Friday, May 3rd. The company reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.01. The company had revenue of $426.60 million for the quarter, compared to analysts’ expectations of $416.18 million. Atmus Filtration Technologies had a net margin of 10.03% and a return on equity of 482.30%. The company’s revenue for the quarter was up 1.9% compared to the same quarter last year.

Other equities research analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. lifted their price target on shares of Atmus Filtration Technologies from $36.00 to $38.00 and gave the stock an “overweight” rating in a report on Monday, April 15th. Northland Securities upgraded shares of Atmus Filtration Technologies from a “market perform” rating to an “outperform” rating and set a $34.00 price objective for the company in a research note on Wednesday, March 20th. Robert W. Baird lifted their price objective on shares of Atmus Filtration Technologies from $29.00 to $37.00 and gave the company an “outperform” rating in a research note on Wednesday, April 17th. The Goldman Sachs Group lifted their price objective on shares of Atmus Filtration Technologies from $30.00 to $34.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Finally, Wells Fargo & Company reduced their price objective on shares of Atmus Filtration Technologies from $37.00 to $36.00 and set an “overweight” rating for the company in a research note on Monday. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $34.00.

Atmus Filtration Technologies Trading Up 0.7 %

NYSE:ATMU opened at $30.27 on Wednesday. The company has a current ratio of 1.85, a quick ratio of 1.18 and a debt-to-equity ratio of 7.34. The stock has a market capitalization of $2.52 billion and a PE ratio of 15.44. The firm’s 50 day moving average is $29.54 and its 200 day moving average is $24.71. Atmus Filtration Technologies has a 12 month low of $18.21 and a 12 month high of $33.70.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in ATMU. Raymond James & Associates grew its position in shares of Atmus Filtration Technologies by 11.8% during the 3rd quarter. Raymond James & Associates now owns 13,569 shares of the company’s stock valued at $283,000 after purchasing an additional 1,429 shares in the last quarter. Bank of New York Mellon Corp purchased a new position in Atmus Filtration Technologies in the third quarter worth $837,000. Strs Ohio purchased a new position in Atmus Filtration Technologies in the third quarter worth $72,000. Allspring Global Investments Holdings LLC grew its position in Atmus Filtration Technologies by 1.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 469,601 shares of the company’s stock worth $9,791,000 after acquiring an additional 8,391 shares in the last quarter. Finally, Cambiar Investors LLC purchased a new position in Atmus Filtration Technologies in the third quarter worth $1,972,000. 32.73% of the stock is currently owned by hedge funds and other institutional investors.

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.