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

Atmus Filtration Technologies (NYSE:ATMU) will be releasing its earnings data before the market opens on Friday, November 8th. Analysts expect Atmus Filtration Technologies to post earnings of $0.51 per share for the quarter. Persons 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 Friday, August 2nd. The company reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.13. The firm had revenue of $432.60 million during the quarter, compared to the consensus estimate of $418.33 million. Atmus Filtration Technologies had a return on equity of 187.12% and a net margin of 10.52%. The company’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.63 EPS. 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 Stock Down 0.1 %

NYSE ATMU opened at $38.94 on Friday. The company has a debt-to-equity ratio of 3.28, a quick ratio of 1.30 and a current ratio of 2.07. The company has a market capitalization of $3.25 billion, a P/E ratio of 19.87, a P/E/G ratio of 4.40 and a beta of 1.75. Atmus Filtration Technologies has a one year low of $18.21 and a one year high of $40.29. The stock has a 50 day moving average price of $36.98 and a 200-day moving average price of $32.58.

Atmus Filtration Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 13th. Stockholders of record on Thursday, October 31st will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.51%. Atmus Filtration Technologies’s dividend payout ratio is currently 10.20%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. JPMorgan Chase & Co. increased their target price on Atmus Filtration Technologies from $39.00 to $47.00 and gave the company an “overweight” rating in a research report on Friday, October 11th. Robert W. Baird raised their price target on Atmus Filtration Technologies from $37.00 to $42.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Wells Fargo & Company raised their price target on Atmus Filtration Technologies from $36.00 to $42.00 and gave the stock an “overweight” rating in a research report on Monday, October 7th. Finally, Northland Securities raised their price target on Atmus Filtration Technologies from $38.00 to $49.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 15th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Atmus Filtration Technologies has a consensus rating of “Buy” and a consensus target price of $42.80.

Insiders Place Their Bets

In other Atmus Filtration Technologies news, Director Gretchen R. Haggerty bought 5,849 shares of Atmus Filtration Technologies stock in a transaction on Friday, August 23rd. The shares were acquired at an average price of $34.20 per share, for a total transaction of $200,035.80. Following the completion of the purchase, the director now directly owns 19,882 shares in the company, valued at approximately $679,964.40. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Atmus Filtration Technologies news, Director Gretchen R. Haggerty bought 5,849 shares of Atmus Filtration Technologies stock in a transaction on Friday, August 23rd. The shares were acquired at an average price of $34.20 per share, for a total transaction of $200,035.80. Following the completion of the purchase, the director now directly owns 19,882 shares in the company, valued at approximately $679,964.40. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Stephen E. Macadam bought 8,250 shares of Atmus Filtration Technologies stock in a transaction on Wednesday, August 7th. The stock was acquired at an average price of $31.56 per share, for a total transaction of $260,370.00. Following the purchase, the director now owns 32,083 shares of the company’s stock, valued at approximately $1,012,539.48. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.43% 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.