Atmus Filtration Technologies Inc. (ATMU) Hit a 52 Week High, Can the Run Continue?

Core Viewpoint - Atmus Filtration Technologies (ATMU) has shown significant stock performance, with a 10.5% increase over the past month and an 87.6% rise since the beginning of the year, outperforming both the Zacks Industrial Products sector and the Zacks Pollution Control industry [1][2]. Financial Performance - The company has consistently exceeded earnings expectations, reporting an EPS of $0.61 against a consensus estimate of$0.52 in its latest earnings report [2]. - For the current fiscal year, Atmus Filtration is projected to achieve earnings of $2.45 per share on revenues of$1.66 billion, reflecting a 6.06% increase in EPS and a 2.16% increase in revenues [3]. - The next fiscal year forecasts an EPS of $2.53 on revenues of$1.72 billion, indicating year-over-year growth of 3.37% in EPS and 3.7% in revenues [3]. Valuation Metrics - The stock trades at 18 times the current fiscal year EPS estimates, below the peer industry average of 25.6 times [7]. - On a trailing cash flow basis, Atmus Filtration trades at 17.1 times compared to the peer group's average of 21.5 times [7]. - The company has a PEG ratio of 4.8, which does not position it among the top value stocks [7]. Style Scores and Zacks Rank - Atmus Filtration has a Value Score of B, a Growth Score of A, and a Momentum Score of C, resulting in a combined VGM Score of B [6]. - The stock holds a Zacks Rank of 2 (Buy), supported by rising earnings estimates, indicating potential for further stock price appreciation [8].