Is Atmus Filtration Technologies Inc (ATMU) positioned for future growth?

With 1.02 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.82 million shares. During the session, the Pollution & Treatment Controls company that operates in wider Industrials sector, reached to the highest price of $43.84 whereas the lowest price it dropped to was $42.83. The 52-week range on ATMU shows that it touched its highest point at $44.66 and its lowest point at $20.05 during that stretch. It currently has a 1-year price target of $48.57. With its current market cap of 3.58 billion, ATMU has annualized dividend of $0.10 while the current yield stands at 0.23%. Beta for the stock currently stands at 1.73.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of ATMU was up-trending over the past week, with a rise of 3.93%, but this was up by 7.75% over a month. Three-month performance surged to 27.44% while six-month performance rose 42.29%. The stock gained 106.71% in the past year, while it has gained 83.48% so far this year. A look at the trailing 12-month EPS for ATMU yields 2.16 with Next year EPS estimates of 2.46. For the next quarter, that number is 0.53. This implies an EPS growth rate of 5.88% for this year and 0.73% for next year.

Float and Shares Shorts:

At present, 83.30 million ATMU shares are outstanding with a float of 82.63 million shares on hand for trading. On 2024-10-31, short shares totaled 2.57 million, which was 309.0 higher than short shares on 1727654400. In addition to Ms. Stephanie Juanita Disher as the firm’s CEO & Director, Mr. Jack M. Kienzler serves as its CFO & Chief Accounting Officer.

Institutional Ownership:

Through their ownership of 1.05051 of ATMU’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-09-30, ATMU reported revenue of $403700000.0 and operating income of $55100000.0. The EBITDA in the recently reported quarter was $70200000.0 and diluted EPS was $0.52.

Analysts Ratings:

In the same way, a target price assigned to a stock can also reveal much about its potential. With ATMU analysts setting a high price target of 51.0 and a low target of 39.0, the average target price over the next 12 months is 46.85714. Based on these targets, ATMU could surge 18.33% to reach the target high and fall by -9.51% to reach the target low. Reaching the average price target will result in a growth of 8.72% from current levels.

Analysts have provided yearly estimates in a range of $2.4768 being high and $2.42498 being low. For ATMU, this leads to a yearly average estimate of $2.44571. The surprise factor in the prior quarter was $0.58. Based on analyst estimates, the high estimate for the next quarter is $0.7 and the low estimate is $0.6. The average estimate for the next quarter is thus $0.63.