PHINIA (PHIN) Set to Announce Earnings on Thursday

PHINIA (NYSE:PHIN) will 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 registering for the company’s conference call can do so using this link.

PHINIA (NYSE:PHIN) last posted its quarterly 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 analyst estimates of $900.00 million. PHINIA’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same period in the prior year, the business 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 Trading Down 0.2 %

PHIN stock opened at $36.44 on Thursday. 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 business’s 50-day moving average is $35.67 and its two-hundred day moving average is $30.47. PHINIA has a 1 year low of $23.46 and a 1 year high of $40.12.

PHINIA Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Monday, February 26th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.74%. The ex-dividend date of this dividend was Friday, February 23rd.

Institutional Investors Weigh In On PHINIA

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Advisors Asset Management Inc. acquired a new position in shares of PHINIA in the third quarter valued at approximately $42,000. International Assets Investment Management LLC increased its holdings in shares of PHINIA by 2,710.3% in the fourth quarter. International Assets Investment Management LLC now owns 2,726 shares of the company’s stock valued at $90,000 after purchasing an additional 2,629 shares during the period. Gladius Capital Management LP acquired a new position in shares of PHINIA in the third quarter valued at approximately $133,000. Tower Research Capital LLC TRC grew its holdings in PHINIA by 10,823.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 5,025 shares of the company’s stock worth $152,000 after acquiring an additional 4,979 shares during the period. Finally, Public Employees Retirement Association of Colorado acquired a new position in PHINIA during the fourth quarter worth $153,000. Institutional investors and hedge funds own 90.94% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley assumed coverage on PHINIA in a research report on Monday, March 11th. They issued 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.