Atmus Filtration Technologies (NYSE:ATMU – Get Free Report) announced its quarterly earnings data on Friday. The company reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.13, Briefing.com reports. Atmus Filtration Technologies had a return on equity of 314.52% and a net margin of 10.03%. The company had revenue of $432.60 million during the quarter, compared to analyst estimates of $418.33 million. During the same quarter last year, the firm posted $0.63 EPS. The firm’s revenue for the quarter was up 4.6% on a year-over-year basis. Atmus Filtration Technologies updated its FY24 guidance to $2.15-2.40 EPS and its FY 2024 guidance to 2.150-2.400 EPS.
Atmus Filtration Technologies Price Performance
NYSE:ATMU traded up $0.93 during mid-day trading on Friday, reaching $30.91. The stock had a trading volume of 2,804,018 shares, compared to its average volume of 1,169,488. The firm has a 50 day moving average price of $29.39 and a two-hundred day moving average price of $27.94. The stock has a market capitalization of $2.58 billion, a P/E ratio of 15.76, a P/E/G ratio of 3.67 and a beta of 1.74. Atmus Filtration Technologies has a one year low of $18.21 and a one year high of $33.70. The company has a debt-to-equity ratio of 4.83, a quick ratio of 1.27 and a current ratio of 2.00.
Atmus Filtration Technologies Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 14th. Investors of record on Thursday, August 1st will be given a $0.05 dividend. The ex-dividend date is Thursday, August 1st. This represents a $0.20 dividend on an annualized basis and a yield of 0.65%. Atmus Filtration Technologies’s payout ratio is 10.20%.
Wall Street Analysts Forecast Growth
Read Our Latest Stock Analysis on Atmus Filtration Technologies
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.
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