Atmus Filtration Technologies (NYSE:ATMU) Issues FY 2025 Earnings Guidance

Atmus Filtration Technologies (NYSE:ATMU) issued an update on its FY 2025 earnings guidance on Friday morning. The company provided earnings per share guidance of 2.500-2.650 for the period, compared to the consensus earnings per share estimate of 2.570. The company issued revenue guidance of $1.7 billion-$1.7 billion, compared to the consensus revenue estimate of $1.7 billion.

Atmus Filtration Technologies Stock Performance

Shares of NYSE:ATMU opened at $46.49 on Friday. The company has a current ratio of 2.15, a quick ratio of 1.43 and a debt-to-equity ratio of 1.75. Atmus Filtration Technologies has a 12 month low of $30.94 and a 12 month high of $47.87. The company has a market capitalization of $3.82 billion, a price-to-earnings ratio of 20.57, a PEG ratio of 5.55 and a beta of 1.62. The firm’s 50-day moving average is $45.23 and its 200 day moving average is $40.42.

Atmus Filtration Technologies (NYSE:ATMU) last announced its earnings results on Friday, August 8th. The company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.09. Atmus Filtration Technologies had a return on equity of 83.23% and a net margin of 11.22%.The business had revenue of $453.50 million during the quarter, compared to analyst estimates of $433.51 million. During the same quarter in the previous year, the business earned $0.71 earnings per share. The company’s revenue for the quarter was up 4.8% compared to the same quarter last year. Research analysts predict that Atmus Filtration Technologies will post 2.52 EPS for the current year.

Atmus Filtration Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Tuesday, August 26th were paid a $0.055 dividend. The ex-dividend date was Tuesday, August 26th. This is a positive change from Atmus Filtration Technologies’s previous quarterly dividend of $0.05. This represents a $0.22 dividend on an annualized basis and a yield of 0.5%. Atmus Filtration Technologies’s payout ratio is 9.73%.

Wall Street Analyst Weigh In

ATMU has been the subject of several research analyst reports. Robert W. Baird boosted their target price on shares of Atmus Filtration Technologies from $41.00 to $45.00 and gave the company an “outperform” rating in a research note on Monday, August 11th. Weiss Ratings restated a “buy (b-)” rating on shares of Atmus Filtration Technologies in a research note on Wednesday, October 8th. JPMorgan Chase & Co. increased their price objective on Atmus Filtration Technologies from $46.00 to $47.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 14th. Wells Fargo & Company raised their price objective on Atmus Filtration Technologies from $42.00 to $47.00 and gave the stock an “equal weight” rating in a report on Thursday, September 18th. Finally, Wall Street Zen cut Atmus Filtration Technologies from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 1st. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $45.60.

Institutional Investors Weigh In On Atmus Filtration Technologies

A number of institutional investors have recently added to or reduced their stakes in ATMU. State Street Corp grew its stake in Atmus Filtration Technologies by 0.7% in the second quarter. State Street Corp now owns 1,953,607 shares of the company’s stock valued at $71,150,000 after purchasing an additional 14,269 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Atmus Filtration Technologies by 10.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,474,370 shares of the company’s stock worth $53,697,000 after acquiring an additional 142,455 shares in the last quarter. Raymond James Financial Inc. grew its holdings in Atmus Filtration Technologies by 41.7% in the second quarter. Raymond James Financial Inc. now owns 949,950 shares of the company’s stock worth $34,597,000 after purchasing an additional 279,681 shares during the last quarter. Frontier Capital Management Co. LLC increased its position in shares of Atmus Filtration Technologies by 34.8% during the second quarter. Frontier Capital Management Co. LLC now owns 339,303 shares of the company’s stock worth $12,357,000 after purchasing an additional 87,533 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its holdings in shares of Atmus Filtration Technologies by 37.7% during the 2nd quarter. BNP Paribas Financial Markets now owns 318,097 shares of the company’s stock valued at $11,585,000 after purchasing an additional 87,060 shares during the last quarter. Institutional investors own 32.73% of the company’s stock.

Atmus Filtration Technologies Company Profile

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.