PHINIA (PHIN) Scheduled to Post Quarterly Earnings on Thursday

PHINIA (NYSE:PHIN) is scheduled to be posting its quarterly earnings results 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.Investors that are interested in participating in the company’s conference call can do so using this link.

PHINIA (NYSE:PHIN) last released 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 analysts’ expectations of $900.00 million. PHINIA’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.75 earnings per share. On average, analysts expect PHINIA to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

PHINIA Trading Up 3.3 %

Shares of PHIN opened at $38.69 on Tuesday. The company’s fifty day moving average is $36.11 and its two-hundred day moving average is $30.74. PHINIA has a fifty-two week low of $23.46 and a fifty-two week high of $40.12. The company has a current ratio of 1.68, a quick ratio of 1.25 and a debt-to-equity ratio of 0.38.

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 $0.25 dividend. The ex-dividend date was Friday, February 23rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.58%.

Analysts Set New Price Targets

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