Atmus Filtration Technologies (NYSE:ATMU) Issues FY 2024 Earnings Guidance

Atmus Filtration Technologies (NYSE:ATMU) issued an update on its FY 2024 earnings guidance on Friday morning. The company provided earnings per share guidance of 2.350-2.500 for the period, compared to the consensus earnings per share estimate of 2.200. The company issued revenue guidance of $1.7 billion-$1.7 billion, compared to the consensus revenue estimate of $1.7 billion.

Analyst Ratings Changes

ATMU has been the subject of a number of research analyst reports. Northland Securities lifted their price objective on shares of Atmus Filtration Technologies from $38.00 to $49.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 15th. JPMorgan Chase & Co. raised their price objective on shares of Atmus Filtration Technologies from $39.00 to $47.00 and gave the stock an “overweight” rating in a research report on Friday, October 11th. Robert W. Baird upped their target price on Atmus Filtration Technologies from $37.00 to $42.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Finally, Wells Fargo & Company lifted their price target on Atmus Filtration Technologies from $36.00 to $42.00 and gave the stock an “overweight” rating in a report on Monday, October 7th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, Atmus Filtration Technologies currently has an average rating of “Buy” and an average price target of $42.80.

Atmus Filtration Technologies Stock Down 0.1 %

ATMU stock opened at $41.47 on Friday. The company has a quick ratio of 1.30, a current ratio of 2.07 and a debt-to-equity ratio of 3.28. The company has a market cap of $3.46 billion, a PE ratio of 19.94, a price-to-earnings-growth ratio of 4.43 and a beta of 1.68. The business has a 50-day simple moving average of $37.55 and a 200 day simple moving average of $32.87. Atmus Filtration Technologies has a 52 week low of $18.73 and a 52 week high of $42.96.

Atmus Filtration Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 13th. Stockholders of record on Thursday, October 31st will be paid a $0.05 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $0.20 annualized dividend and a dividend yield of 0.48%. Atmus Filtration Technologies’s payout ratio is 9.62%.

Insider Buying and Selling

In related news, Director Gretchen R. Haggerty bought 5,849 shares of the company’s stock in a transaction dated Friday, August 23rd. The stock was purchased at an average price of $34.20 per share, with a total value of $200,035.80. Following the completion of the acquisition, the director now owns 19,882 shares of the company’s stock, valued at $679,964.40. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.43% of the stock is owned by corporate insiders.

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.