What is Northland Capmk’s Forecast for ATMU FY2025 Earnings?

Atmus Filtration Technologies Inc. (NYSE:ATMU) – Equities researchers at Northland Capmk increased their FY2025 earnings estimates for shares of Atmus Filtration Technologies in a report issued on Tuesday, August 12th. Northland Capmk analyst B. Brooks now anticipates that the company will post earnings of $2.57 per share for the year, up from their previous forecast of $2.51. The consensus estimate for Atmus Filtration Technologies’ current full-year earnings is $2.52 per share.

Atmus Filtration Technologies (NYSE:ATMU) last issued its quarterly earnings results on Friday, August 8th. The company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.66 by $0.09. The company had revenue of $453.50 million for the quarter, compared to the consensus estimate of $433.51 million. Atmus Filtration Technologies had a net margin of 11.22% and a return on equity of 83.23%. The firm’s revenue was up 4.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.71 EPS.

ATMU has been the subject of several other research reports. Wells Fargo & Company raised their target price on shares of Atmus Filtration Technologies from $37.00 to $39.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 1st. Robert W. Baird boosted their price target on shares of Atmus Filtration Technologies from $41.00 to $45.00 and gave the stock an “outperform” rating in a research report on Monday. The Goldman Sachs Group cut shares of Atmus Filtration Technologies from a “buy” rating to a “neutral” rating and set a $39.00 price target for the company. in a research note on Tuesday, May 27th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Atmus Filtration Technologies from $38.00 to $41.00 and gave the company an “overweight” rating in a research note on Monday, May 5th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $42.80.

Atmus Filtration Technologies Trading Down 1.0%

NYSE:ATMU opened at $45.15 on Thursday. Atmus Filtration Technologies has a 52 week low of $30.94 and a 52 week high of $45.92. The firm has a 50 day moving average of $37.87 and a 200 day moving average of $37.38. The company has a quick ratio of 1.46, a current ratio of 2.15 and a debt-to-equity ratio of 1.75. The stock has a market capitalization of $3.71 billion, a price-to-earnings ratio of 19.98, a PEG ratio of 5.49 and a beta of 1.64.

Hedge Funds Weigh In On Atmus Filtration Technologies

A number of large investors have recently made changes to their positions in the stock. Jones Financial Companies Lllp increased its stake in Atmus Filtration Technologies by 143.1% during the first quarter. Jones Financial Companies Lllp now owns 700 shares of the company’s stock valued at $26,000 after purchasing an additional 412 shares during the last quarter. SouthState Corp acquired a new stake in Atmus Filtration Technologies in the first quarter worth about $27,000. Bessemer Group Inc. lifted its holdings in Atmus Filtration Technologies by 31.4% in the second quarter. Bessemer Group Inc. now owns 1,138 shares of the company’s stock worth $42,000 after purchasing an additional 272 shares during the period. Tower Research Capital LLC TRC lifted its holdings in Atmus Filtration Technologies by 295.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,368 shares of the company’s stock worth $54,000 after purchasing an additional 1,022 shares during the period. Finally, Quarry LP lifted its holdings in Atmus Filtration Technologies by 70.9% in the 4th quarter. Quarry LP now owns 1,993 shares of the company’s stock valued at $78,000 after acquiring an additional 827 shares during the last quarter. Hedge funds and other institutional investors own 32.73% of the company’s stock.

Atmus Filtration Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Tuesday, August 26th will be given a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Tuesday, August 26th. This is an increase from Atmus Filtration Technologies’s previous quarterly dividend of $0.05. Atmus Filtration Technologies’s payout ratio is currently 8.85%.

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.