Atmus Filtration Technologies (NYSE:ATMU) Releases Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Atmus Filtration Technologies (NYSE:ATMU) announced its quarterly earnings data on Friday. The company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.59 by $0.01, Briefing.com reports. The company had revenue of $426.60 million for the quarter, compared to the consensus estimate of $416.18 million. Atmus Filtration Technologies had a net margin of 10.52% and a return on equity of 135.12%. The firm’s revenue for the quarter was up 1.9% compared to the same quarter last year. Atmus Filtration Technologies updated its FY24 guidance to $2.10-2.35 EPS and its FY 2024 guidance to 2.100-2.350 EPS.

Atmus Filtration Technologies Price Performance

Shares of ATMU opened at $28.44 on Monday. The firm has a market cap of $2.37 billion and a PE ratio of 14.51. Atmus Filtration Technologies has a 1-year low of $18.21 and a 1-year high of $33.70. The company has a current ratio of 1.85, a quick ratio of 1.18 and a debt-to-equity ratio of 7.34. The firm has a fifty day simple moving average of $29.04 and a two-hundred day simple moving average of $24.50.

Analyst Upgrades and Downgrades

ATMU has been the topic of a number of recent analyst reports. Robert W. Baird increased their price target on shares of Atmus Filtration Technologies from $29.00 to $37.00 and gave the company an “outperform” rating in a 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 target price on the stock in a research note on Wednesday, March 20th. JPMorgan Chase & Co. boosted their price target on Atmus Filtration Technologies from $36.00 to $38.00 and gave the stock an “overweight” rating in a research note on Monday, April 15th. Finally, The Goldman Sachs Group increased their price objective 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. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Atmus Filtration Technologies has a consensus 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.