Phillips Edison & Company, Inc. (PECO) Projected to Post Earnings on Thursday

Phillips Edison & Company, Inc. (NASDAQ:PECO) is anticipated to post its Q1 2025 quarterly earnings results after the market closes on Thursday, April 24th. Analysts expect the company to announce earnings of $0.63 per share and revenue of $170.59 million for the quarter.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.50. Phillips Edison & Company, Inc. had a net margin of 9.48% and a return on equity of 2.40%. On average, analysts expect Phillips Edison & Company, Inc. to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Phillips Edison & Company, Inc. Trading Up 2.2 %

PECO opened at $36.05 on Wednesday. Phillips Edison & Company, Inc. has a 12-month low of $30.62 and a 12-month high of $40.12. The company has a market cap of $4.51 billion, a price-to-earnings ratio of 72.10, a PEG ratio of 1.70 and a beta of 0.57. The company’s 50 day moving average is $35.63 and its 200 day moving average is $36.94.

Phillips Edison & Company, Inc. Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Tuesday, April 15th will be paid a dividend of $0.1025 per share. This represents a $1.23 annualized dividend and a dividend yield of 3.41%. The ex-dividend date of this dividend is Tuesday, April 15th. Phillips Edison & Company, Inc.’s dividend payout ratio is presently 246.00%.

Analyst Ratings Changes

PECO has been the topic of a number of recent research reports. Mizuho decreased their target price on Phillips Edison & Company, Inc. from $41.00 to $38.00 and set an “outperform” rating on the stock in a report on Tuesday, February 25th. JPMorgan Chase & Co. decreased their price objective on Phillips Edison & Company, Inc. from $41.00 to $40.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 7th. Finally, Wells Fargo & Company lowered their price objective on Phillips Edison & Company, Inc. from $37.00 to $36.00 and set an “equal weight” rating on the stock in a research report on Wednesday, March 26th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $38.83.

Phillips Edison & Company, Inc. Company Profile

Phillips Edison & Co, Inc is a real estate investment trust, which engages in the ownership and operation of shopping centers. It also offers an investment management business providing property management and advisory services. Its portfolio consists of well-occupied, grocery-anchored neighborhood and community shopping centers having a mix of national, regional, and local retailers offering necessity-based goods and services.