Atmus Filtration Technologies (ATMU) to Release Earnings on Wednesday

Atmus Filtration Technologies (NYSE:ATMU) is expected to release its earnings data before the market opens on Wednesday, February 12th. Analysts expect Atmus Filtration Technologies to post earnings of $0.53 per share and revenue of $399.24 million for the quarter. Atmus Filtration Technologies has set its FY 2024 guidance at 2.350-2.500 EPS and its FY24 guidance at $2.35-2.50 EPS.Investors that are interested in registering for the company’s conference call can do so using this link.

Atmus Filtration Technologies (NYSE:ATMU) last posted its quarterly earnings results on Friday, November 8th. The company reported $0.61 EPS for the quarter, topping the consensus estimate of $0.52 by $0.09. Atmus Filtration Technologies had a net margin of 10.84% and a return on equity of 134.28%. The firm had revenue of $404.00 million for the quarter, compared to the consensus estimate of $403.40 million. During the same period last year, the firm posted $0.52 earnings per share. The business’s revenue was up 2.0% compared to the same quarter last year. On average, analysts expect Atmus Filtration Technologies to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Atmus Filtration Technologies Price Performance

Shares of Atmus Filtration Technologies stock opened at $41.26 on Wednesday. The stock has a market capitalization of $3.43 billion, a price-to-earnings ratio of 19.19, a price-to-earnings-growth ratio of 4.42 and a beta of 1.80. The company has a fifty day moving average of $40.91 and a 200-day moving average of $38.17. Atmus Filtration Technologies has a 52-week low of $21.09 and a 52-week high of $45.43. The company has a debt-to-equity ratio of 2.61, a quick ratio of 1.35 and a current ratio of 2.11.

Analyst Upgrades and Downgrades

ATMU has been the topic of a number of recent research reports. Wells Fargo & Company reduced their price objective on Atmus Filtration Technologies from $45.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 7th. Northland Securities raised their price target on Atmus Filtration Technologies from $49.00 to $50.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Robert W. Baird boosted their price objective on Atmus Filtration Technologies from $42.00 to $48.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. Finally, JPMorgan Chase & Co. increased their price objective on Atmus Filtration Technologies from $39.00 to $47.00 and gave the company an “overweight” rating in a research note on Friday, October 11th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $43.80.

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.