Phillips Edison & Company, Inc. (PECO) Expected to Announce Quarterly Earnings on Thursday

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) is projected to announce its Q1 2025 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 - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.62 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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. Stock Down 2.5 %

PECO traded down $0.89 during trading hours on Monday, hitting $35.29. 666,409 shares of the company's stock were exchanged, compared to its average volume of 700,614. The stock has a market cap of $4.42 billion, a price-to-earnings ratio of 70.58, a PEG ratio of 1.70 and a beta of 0.57. Phillips Edison & Company, Inc. has a 1-year low of $30.62 and a 1-year high of $40.12. The stock's 50-day moving average is $35.66 and its two-hundred day moving average is $36.94.

Phillips Edison & Company, Inc. Announces Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $1.23 dividend on an annualized basis and a dividend yield of 3.49%. Phillips Edison & Company, Inc.'s dividend payout ratio is 246.00%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Wells Fargo & Company dropped their target price on Phillips Edison & Company, Inc. from $37.00 to $36.00 and set an "equal weight" rating on the stock in a report on Wednesday, March 26th. JPMorgan Chase & Co. cut their price objective on Phillips Edison & Company, Inc. from $41.00 to $40.00 and set a "neutral" rating for the company in a report on Tuesday, January 7th. Finally, Mizuho dropped their price target on shares of Phillips Edison & Company, Inc. from $41.00 to $38.00 and set an "outperform" rating on the stock in a research report on Tuesday, February 25th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus 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.