Atmus Filtration Technologies (ATMU) to Release Earnings on Friday

Atmus Filtration Technologies (NYSE:ATMU) is scheduled to be announcing its earnings results before the market opens on Friday, May 3rd. Analysts expect the company to announce earnings of $0.59 per share for the quarter. Atmus Filtration Technologies has set its FY24 guidance at $2.10-2.35 EPS and its FY 2024 guidance at 2.100-2.350 EPS.Persons interested in registering for the company’s earnings conference call can do so using this link.

Atmus Filtration Technologies (NYSE:ATMU) last posted its quarterly earnings data on Wednesday, February 14th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.05. Atmus Filtration Technologies had a return on equity of 135.12% and a net margin of 10.52%. The company had revenue of $399.70 million during the quarter, compared to analyst estimates of $384.55 million. The company’s quarterly revenue was up 3.8% compared to the same quarter last year. On average, analysts expect Atmus Filtration Technologies to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Atmus Filtration Technologies Stock Performance

Shares of ATMU stock opened at $30.86 on Friday. The company has a quick ratio of 1.18, a current ratio of 1.85 and a debt-to-equity ratio of 7.34. The business has a 50-day moving average price of $28.12 and a two-hundred day moving average price of $24.04. Atmus Filtration Technologies has a 12-month low of $18.21 and a 12-month high of $33.70.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Northland Securities raised Atmus Filtration Technologies from a “market perform” rating to an “outperform” rating and set a $34.00 price target for the company in a research note on Wednesday, March 20th. Robert W. Baird boosted their price target on Atmus Filtration Technologies from $29.00 to $37.00 and gave the company an “outperform” rating in a report on Wednesday, April 17th. The Goldman Sachs Group boosted their price target on Atmus Filtration Technologies from $30.00 to $34.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Finally, JPMorgan Chase & Co. lifted their price objective on Atmus Filtration Technologies from $36.00 to $38.00 and gave the company an “overweight” rating in a research report on Monday, April 15th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $32.67.

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.