PHINIA (PHIN) Set to Announce Earnings on Thursday

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

PHINIA (NYSE:PHIN) last posted its quarterly earnings data on Wednesday, February 21st. The company reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.06. The firm had revenue of $882.00 million for the quarter, compared to analyst estimates of $900.00 million. The business’s quarterly revenue was up 3.6% on a year-over-year basis. During the same period in the previous year, the business posted $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

NYSE PHIN opened at $36.44 on Thursday. The company has a 50 day moving average of $35.67 and a 200-day moving average of $30.47. The company has a quick ratio of 1.25, a current ratio of 1.68 and a debt-to-equity ratio of 0.38. PHINIA has a 1-year low of $23.46 and a 1-year high of $40.12.

PHINIA Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Monday, February 26th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.74%. The ex-dividend date was Friday, February 23rd.

Hedge Funds Weigh In On PHINIA

A number of hedge funds and other institutional investors have recently bought and sold shares of PHIN. Morgan Stanley acquired a new stake in PHINIA in the third quarter worth $17,819,000. Northern Trust Corp acquired a new stake in shares of PHINIA during the third quarter worth $8,773,000. Legal & General Group Plc acquired a new stake in shares of PHINIA during the third quarter worth $7,456,000. Ameriprise Financial Inc. acquired a new stake in shares of PHINIA during the third quarter worth $5,776,000. Finally, Gotham Asset Management LLC acquired a new stake in shares of PHINIA during the fourth quarter worth $4,091,000. 90.94% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

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.