PHINIA (PHIN) Scheduled to Post Quarterly Earnings on Thursday

PHINIA (NYSE:PHIN) is set to announce its earnings results 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.Investors that wish to listen to the company’s conference call can do so using this link.

PHINIA (NYSE:PHIN) last announced its earnings results on Wednesday, February 21st. The company reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.06. The company had revenue of $882.00 million during the quarter, compared to the consensus estimate of $900.00 million. The business’s quarterly revenue was up 3.6% on a year-over-year basis. During the same quarter in the prior 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 Performance

Shares of PHIN opened at $38.87 on Wednesday. PHINIA has a 52-week low of $23.46 and a 52-week high of $40.12. The company has a quick ratio of 1.25, a current ratio of 1.68 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $1.80 billion and a PE ratio of 8.00. The firm has a 50-day moving average price of $36.28 and a 200 day moving average price of $30.83.

PHINIA Announces Dividend

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

Wall Street Analyst Weigh In

Separately, Morgan Stanley assumed coverage on shares of PHINIA in a research note on Monday, March 11th. They set an “overweight” rating and a $50.00 price objective for the company.

PHINIA Company Profile

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.