Atmus Filtration Technologies (ATMU) Set to Announce Earnings on Friday

Atmus Filtration Technologies (NYSE:ATMU) is scheduled to issue its quarterly earnings data 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.Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Atmus Filtration Technologies (NYSE:ATMU) last posted its earnings results on Wednesday, February 14th. The company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.05. The firm had revenue of $399.70 million for the quarter, compared to analyst estimates of $384.55 million. Atmus Filtration Technologies had a return on equity of 135.12% and a net margin of 10.52%. The business’s revenue was up 3.8% on a year-over-year basis. 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 Trading Down 0.4 %

ATMU stock opened at $30.17 on Thursday. 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’s 50-day moving average is $28.76 and its two-hundred day moving average is $24.35. Atmus Filtration Technologies has a 1 year low of $18.21 and a 1 year high of $33.70.

Analyst Ratings Changes

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