PHINIA (PHIN) Scheduled to Post Quarterly Earnings on Thursday

PHINIA (NYSE:PHIN) is set to issue its quarterly earnings data before the market opens on Thursday, April 25th. Analysts expect the company to announce earnings of $0.74 per share for the quarter. PHINIA has set its FY 2024 guidance at EPS.Parties interested in participating in the company’s conference call can do so using this link.

PHINIA (NYSE:PHIN) last issued its quarterly earnings results on Wednesday, February 21st. The company reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.06. The company had revenue of $882.00 million during the quarter, compared to analysts’ expectations of $900.00 million. The business’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.75 EPS. On average, analysts expect PHINIA to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

PHINIA Stock Up 0.5 %

Shares of PHIN opened at $38.87 on Wednesday. The business’s 50 day moving average is $36.28 and its 200 day moving average is $30.83. The company has a market capitalization of $1.80 billion and a PE ratio of 8.00. PHINIA has a 12-month low of $23.46 and a 12-month high of $40.12. The company has a current ratio of 1.68, a quick ratio of 1.25 and a debt-to-equity ratio of 0.38.

PHINIA Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Monday, February 26th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.57%. The ex-dividend date was Friday, February 23rd. PHINIA’s dividend payout ratio is presently 20.58%.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley began coverage on PHINIA in a report on Monday, March 11th. They issued an “overweight” rating and a $50.00 target price for the company.

About PHINIA

PHINIA Inc engages in the development, design, and manufacture of integrated components and systems that optimize performance, increase efficiency, and reduce emissions in combustion and hybrid propulsion for commercial and light vehicles, and industrial applications. The company operates through Fuel Systems and Aftermarket segments.