PHINIA (NYSE:PHIN) Announces Quarterly Earnings Results

PHINIA (NYSE:PHIN) issued its quarterly earnings data on Thursday. The company reported $1.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.58 by ($0.05), FiscalAI reports. PHINIA had a return on equity of 13.23% and a net margin of 3.96%.The firm had revenue of $940.00 million for the quarter, compared to analysts’ expectations of $918.83 million.

Here are the key takeaways from PHINIA’s conference call:

• Second-quarter results exceeded the prior year: sales rose 5.6% to $940 million, adjusted EBITDA increased 3% to $130 million, and adjusted EPS climbed 20.5% to $1.53. Both Fuel Systems and Aftermarket delivered year-over-year revenue growth.
• PHINIA agreed to acquire Stoba Group for approximately six times EBITDA, adding about $80 million in third-party revenue and $25 million in adjusted EBITDA on a run-rate basis. Management expects the deal to expand exposure to off-highway, industrial, aerospace and defense, and semiconductor equipment markets, with closing expected in the fourth quarter.
• Strong cash generation and leverage support continued capital returns and M&A flexibility. The company generated $74 million of adjusted free cash flow in the quarter, ended with $820 million of liquidity and 1.3x net leverage, and returned $53 million through dividends and share repurchases.
• PHINIA narrowed its 2026 revenue outlook while maintaining the midpoint, but reduced adjusted EBITDA guidance to $485 million-$515 million and adjusted free cash flow guidance to $210 million-$250 million. Management cited foreign-exchange effects, tariff recoveries, product mix and higher incentive compensation as margin pressures, while light-vehicle weakness in China remains a concern.

PHINIA Stock Performance

PHIN traded down $13.32 during trading on Thursday, hitting $68.81. The stock had a trading volume of 470,266 shares, compared to its average volume of 388,446. The firm has a market capitalization of $2.55 billion, a P/E ratio of 19.25 and a beta of 1.13. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.32 and a current ratio of 1.82. PHINIA has a twelve month low of $48.94 and a twelve month high of $86.93. The company’s 50-day moving average price is $79.49 and its 200 day moving average price is $74.28.

PHINIA Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 23rd. Shareholders of record on Tuesday, June 9th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend was Tuesday, June 9th. PHINIA’s payout ratio is currently 33.52%.

Insider Buying and Selling at PHINIA

In other news, VP Michael Coetzee sold 1,250 shares of the firm’s stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $80.61, for a total value of $100,762.50. Following the completion of the sale, the vice president owned 27,009 shares in the company, valued at approximately $2,177,195.49. This trade represents a 4.42% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Samantha Pombier sold 2,227 shares of PHINIA stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $82.36, for a total transaction of $183,415.72. Following the completion of the sale, the vice president directly owned 6,637 shares in the company, valued at approximately $546,623.32. The trade was a 25.12% decrease in their position. The SEC filing for this sale provides additional information. 2.20% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On PHINIA

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. ION Fund Management Ltd purchased a new position in shares of PHINIA during the 4th quarter worth approximately $32,285,000. Freestone Grove Partners LP grew its holdings in PHINIA by 1,206.1% during the fourth quarter. Freestone Grove Partners LP now owns 557,097 shares of the company’s stock worth $34,924,000 after acquiring an additional 514,442 shares during the period. UBS Group AG grew its holdings in PHINIA by 222.9% during the third quarter. UBS Group AG now owns 466,053 shares of the company’s stock worth $26,789,000 after acquiring an additional 321,708 shares during the period. Arrowstreet Capital Limited Partnership purchased a new position in PHINIA in the third quarter worth $8,565,000. Finally, Qube Research & Technologies Ltd lifted its holdings in PHINIA by 64.4% in the third quarter. Qube Research & Technologies Ltd now owns 378,477 shares of the company’s stock valued at $21,755,000 after acquiring an additional 148,210 shares during the period. Institutional investors and hedge funds own 90.94% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on PHIN shares. UBS Group boosted their price objective on PHINIA from $76.00 to $81.00 and gave the company a “neutral” rating in a research note on Thursday, July 9th. KeyCorp began coverage on shares of PHINIA in a research report on Friday, June 12th. They set an “overweight” rating and a $105.00 target price on the stock. Weiss Ratings raised shares of PHINIA from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, July 21st. Zacks Research downgraded shares of PHINIA from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 30th. Finally, Wall Street Zen upgraded shares of PHINIA from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 2nd. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $75.67.

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. The Fuel Systems segment provides advanced fuel injection systems, including pumps, injectors, fuel rail assemblies, and engine control modules; fuel delivery modules; canisters; sensors; and electronic control modules.