PHINIA (PHIN) Set to Announce Earnings on Thursday

PHINIA (NYSE:PHIN - Get Free Report) is set to release its earnings data before the market opens on Thursday, October 31st. Analysts expect PHINIA to post earnings of $0.79 per share for the quarter. PHINIA has set its FY 2024 guidance at EPS.Persons that are interested in participating in the company's earnings conference call can do so using this link.

PHINIA (NYSE:PHIN - Get Free Report) last released its quarterly earnings results on Tuesday, July 30th. The company reported $0.88 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.15 by ($0.27). The company had revenue of $868.00 million for the quarter, compared to analyst estimates of $889.00 million. PHINIA had a net margin of 2.48% and a return on equity of 8.04%. PHINIA's revenue for the quarter was down 2.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.61 EPS. On average, analysts expect PHINIA to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

PHINIA Stock Down 0.5 %

PHIN stock traded down $0.24 during mid-day trading on Thursday, reaching $44.78. 395,333 shares of the company traded hands, compared to its average volume of 658,726. The stock has a market cap of $1.96 billion, a price-to-earnings ratio of 24.07 and a beta of 0.85. The company has a quick ratio of 1.38, a current ratio of 1.85 and a debt-to-equity ratio of 0.47. PHINIA has a fifty-two week low of $23.46 and a fifty-two week high of $52.19. The firm's 50 day moving average price is $46.58 and its 200 day moving average price is $43.52.

PHINIA Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 23rd were paid a dividend of $0.25 per share. The ex-dividend date was Friday, August 23rd. This represents a $1.00 dividend on an annualized basis and a yield of 2.23%. PHINIA's dividend payout ratio (DPR) is currently 53.48%.

Insiders Place Their Bets

In other PHINIA news, VP Michael Coetzee sold 900 shares of PHINIA stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $47.71, for a total transaction of $42,939.00. Following the transaction, the vice president now owns 29,540 shares of the company's stock, valued at $1,409,353.40. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.50% of the company's stock.

Wall Street Analysts Forecast Growth

PHIN has been the subject of a number of analyst reports. UBS Group initiated coverage on PHINIA in a research note on Wednesday, September 4th. They set a "buy" rating and a $55.00 price target for the company. Morgan Stanley downgraded PHINIA from an "overweight" rating to an "equal weight" rating and set a $50.00 price target for the company. in a research note on Wednesday, September 25th.

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.