PHINIA (PHIN) to Release Earnings on Thursday

PHINIA (NYSE:PHIN) is scheduled to be announcing its earnings results before the market opens on Thursday, April 25th. Analysts expect the company to announce earnings of $0.74 per share for the quarter. PHINIA has set its FY 2024 guidance at EPS.Individual interested in participating in the company’s earnings conference call can do so using this link.

PHINIA (NYSE:PHIN) last posted its quarterly earnings results on Wednesday, February 21st. The company reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.06. The firm had revenue of $882.00 million for the quarter, compared to analysts’ expectations of $900.00 million. The firm’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same period last year, the business earned $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 Price Performance

Shares of PHINIA stock opened at $38.69 on Tuesday. 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 has a 52-week low of $23.46 and a 52-week high of $40.12. The stock has a 50-day simple moving average of $36.11 and a 200-day simple moving average of $30.74.

PHINIA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Monday, February 26th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.58%. The ex-dividend date of this dividend was Friday, February 23rd.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley started coverage on PHINIA in a research note 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.