Atmus Filtration Technologies (NYSE:ATMU – Get Free Report) issued an update on its FY24 earnings guidance on Friday morning. The company provided earnings per share (EPS) guidance of $2.15-2.40 for the period, compared to the consensus estimate of $2.24. The company issued revenue guidance of $1.625-1.675 billion, compared to the consensus revenue estimate of $1.65 billion.
Analyst Upgrades and Downgrades
ATMU has been the topic of a number of analyst reports. Robert W. Baird reduced their price objective on shares of Atmus Filtration Technologies from $37.00 to $36.00 and set an outperform rating for the company in a research report on Friday, July 19th. JPMorgan Chase & Co. upped their price objective on shares of Atmus Filtration Technologies from $36.00 to $38.00 and gave the company an overweight rating in a research note on Monday, April 15th. The Goldman Sachs Group raised their price objective on Atmus Filtration Technologies from $30.00 to $34.00 and gave the stock a buy rating in a report on Tuesday, April 16th. Finally, Wells Fargo & Company reduced their target price on Atmus Filtration Technologies from $37.00 to $36.00 and set an overweight rating for the company in a report on Monday, May 6th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has a consensus rating of Buy and a consensus target price of $35.60.
Check Out Our Latest Research Report on Atmus Filtration Technologies
Atmus Filtration Technologies Trading Down 2.6 %
Atmus Filtration Technologies (NYSE:ATMU – Get Free Report) last issued its quarterly earnings results on Friday, May 3rd. The company reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.01. The business had revenue of $426.60 million during the quarter, compared to the consensus estimate of $416.18 million. Atmus Filtration Technologies had a net margin of 10.03% and a return on equity of 314.52%. The firm’s revenue for the quarter was up 1.9% on a year-over-year basis. Equities analysts forecast that Atmus Filtration Technologies will post 2.26 EPS for the current fiscal year.
Atmus Filtration Technologies Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 14th. Shareholders of record on Thursday, August 1st will be paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date of this dividend is Thursday, August 1st.
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.
Read More
- Five stocks we like better than Atmus Filtration Technologies
- The Significance of a Trillion-Dollar Market Cap Goes Beyond a Number
- Investors Flock to Auto Retail Stock as It Hits New Highs
- What Investors Must Know About Over-the-Counter (OTC) Stocks
- Take a Bite: This Snack Giant Is a Safe-Haven Stock Worth Buying
- Technology Stocks Explained: Here’s What to Know About Tech
- EA’s New Game Launch Boosts Stock: Is It Time to Buy?
Receive News & Ratings for Atmus Filtration Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Atmus Filtration Technologies and related companies with MarketBeat.com's FREE daily email newsletter.