Equities Analysts Offer Predictions for Atmus Filtration Technologies Inc.’s Q2 2024 Earnings (NYSE:ATMU)

Atmus Filtration Technologies Inc. (NYSE:ATMU) – Northland Capmk boosted their Q2 2024 earnings per share estimates for Atmus Filtration Technologies in a report released on Tuesday, May 7th. Northland Capmk analyst B. Brooks now forecasts that the company will post earnings per share of $0.56 for the quarter, up from their previous estimate 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 released its quarterly earnings results on Friday, May 3rd. The company reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.59 by $0.01. The firm had revenue of $426.60 million for the quarter, compared to analyst estimates of $416.18 million. Atmus Filtration Technologies had a return on equity of 482.30% and a net margin of 10.03%. The company’s revenue for the quarter was up 1.9% compared to the same quarter last year.

Several other equities analysts have also issued reports on ATMU. JPMorgan Chase & Co. boosted their target price on shares of Atmus Filtration Technologies from $36.00 to $38.00 and gave the company an “overweight” rating in a report on Monday, April 15th. Wells Fargo & Company dropped their price objective on Atmus Filtration Technologies from $37.00 to $36.00 and set an “overweight” rating on the stock in a research note on Monday. The Goldman Sachs Group raised their target price on Atmus Filtration Technologies from $30.00 to $34.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. 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. Finally, Northland Securities raised shares of Atmus Filtration Technologies from a “market perform” rating to an “outperform” rating and set a $34.00 target price on the stock in a research note on Wednesday, March 20th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $34.00.

Atmus Filtration Technologies Stock Up 1.3 %

Shares of NYSE ATMU opened at $30.06 on Wednesday. The company’s 50 day moving average price is $29.41 and its 200-day moving average price is $24.67. The company has a debt-to-equity ratio of 7.34, a quick ratio of 1.18 and a current ratio of 1.85. Atmus Filtration Technologies has a 52-week low of $18.21 and a 52-week high of $33.70. The company has a market capitalization of $2.51 billion and a P/E ratio of 15.34.

Institutional Investors Weigh In On Atmus Filtration Technologies

Several institutional investors have recently bought and sold shares of ATMU. GAMMA Investing LLC boosted its holdings in Atmus Filtration Technologies by 103.8% during the 1st quarter. GAMMA Investing LLC now owns 868 shares of the company’s stock worth $28,000 after acquiring an additional 442 shares during the last quarter. Investment Research & Advisory Group Inc. bought a new stake in shares of Atmus Filtration Technologies during the 1st quarter worth $26,000. Global Retirement Partners LLC purchased a new position in shares of Atmus Filtration Technologies in the 1st quarter worth about $32,000. 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 acquiring an additional 1,429 shares during the period. Finally, Amalgamated Bank purchased a new stake in Atmus Filtration Technologies in the third quarter worth $48,000. Institutional investors own 32.73% of the company’s stock.

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.