Atmus Filtration Technologies Inc. Announces Quarterly Dividend of $0.06 (NYSE:ATMU)

Atmus Filtration Technologies Inc. (NYSE:ATMU) announced a quarterly dividend on Wednesday, November 12th. Investors of record on Tuesday, November 25th will be paid a dividend of 0.055 per share on Wednesday, December 10th. This represents a c) dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Tuesday, November 25th.

Atmus Filtration Technologies has a payout ratio of 8.3% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Atmus Filtration Technologies to earn $2.84 per share next year, which means the company should continue to be able to cover its $0.22 annual dividend with an expected future payout ratio of 7.7%.

Atmus Filtration Technologies Price Performance

Atmus Filtration Technologies stock opened at $49.88 on Thursday. The business has a 50-day simple moving average of $45.61 and a 200 day simple moving average of $40.92. Atmus Filtration Technologies has a 52 week low of $30.94 and a 52 week high of $51.84. The stock has a market cap of $4.07 billion, a price-to-earnings ratio of 20.79, a PEG ratio of 3.27 and a beta of 1.62. The company has a quick ratio of 1.43, a current ratio of 2.14 and a debt-to-equity ratio of 1.63.

Atmus Filtration Technologies (NYSE:ATMU) last announced its earnings results on Friday, November 7th. The company reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.08. Atmus Filtration Technologies had a net margin of 11.57% and a return on equity of 76.84%. The business had revenue of $447.70 million for the quarter, compared to the consensus estimate of $415.02 million. During the same period last year, the firm posted $0.61 earnings per share. Atmus Filtration Technologies’s quarterly revenue was up 10.9% on a year-over-year basis. Atmus Filtration Technologies has set its FY 2025 guidance at 2.500-2.650 EPS. On average, research analysts forecast that Atmus Filtration Technologies will post 2.52 earnings per share for the current fiscal year.

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.