Phillips Edison & Company, Inc. (NASDAQ:PECO) Releases FY25 Earnings Guidance

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) issued an update on its FY25 earnings guidance on Thursday morning. The company provided EPS guidance of $2.52-2.59 for the period, compared to the consensus EPS estimate of $2.54. Phillips Edison & Company, Inc. also updated its FY 2024 guidance to 0.480-0.500 EPS.

Analysts Set New Price Targets

A number of research analysts have recently commented on PECO shares. Compass Point upped their price target on Phillips Edison & Company, Inc. from $36.00 to $37.00 and gave the stock a "neutral" rating in a report on Tuesday, September 10th. Mizuho upped their target price on shares of Phillips Edison & Company, Inc. from $39.00 to $41.00 and gave the company an "outperform" rating in a research note on Tuesday, December 10th. Wells Fargo & Company upgraded shares of Phillips Edison & Company, Inc. from an "underweight" rating to an "equal weight" rating and raised their price target for the stock from $34.00 to $37.00 in a research report on Wednesday, August 28th. Finally, Wolfe Research raised shares of Phillips Edison & Company, Inc. from a "peer perform" rating to an "outperform" rating and set a $44.00 price objective for the company in a research report on Wednesday, November 13th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $39.00.

Phillips Edison & Company, Inc. Stock Down 1.7 %

PECO traded down $0.66 during trading on Thursday, reaching $37.55. 886,811 shares of the company's stock were exchanged, compared to its average volume of 671,888. The company has a market capitalization of $4.60 billion, a P/E ratio of 81.63, a PEG ratio of 3.60 and a beta of 0.57. The business has a 50 day moving average price of $38.42 and a 200 day moving average price of $36.16. Phillips Edison & Company, Inc. has a fifty-two week low of $30.62 and a fifty-two week high of $40.12.

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) last posted its earnings results on Thursday, October 24th. The company reported $0.09 earnings per share for the quarter, missing analysts' consensus estimates of $0.61 by ($0.52). Phillips Edison & Company, Inc. had a net margin of 9.03% and a return on equity of 2.22%. The business had revenue of $165.50 million during the quarter, compared to the consensus estimate of $157.20 million. During the same period in the previous year, the firm earned $0.58 EPS. The business's revenue was up 8.5% compared to the same quarter last year. As a group, research analysts forecast that Phillips Edison & Company, Inc. will post 2.42 EPS for the current year.

Phillips Edison & Company, Inc. Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, January 3rd. Stockholders of record on Tuesday, December 17th will be issued a $0.1025 dividend. The ex-dividend date is Monday, December 16th. This is a boost from Phillips Edison & Company, Inc.'s previous dividend of $0.10. This represents a dividend yield of 3.13%. Phillips Edison & Company, Inc.'s dividend payout ratio is presently 267.39%.

Phillips Edison & Company, Inc. Company Profile

Phillips Edison & Company, Inc (PECO) is one of the nation's largest owners and operators of omni-channel grocery-anchored shopping centers. Founded in 1991, PECO has generated strong results through its vertically-integrated operating platform and national footprint of well-occupied shopping centers.