Northland Capmk Forecasts PHINIA FY2024 Earnings

PHINIA Inc. (NYSE:PHIN) – Analysts at Northland Capmk issued their FY2024 earnings per share estimates for shares of PHINIA in a research report issued on Thursday, January 30th. Northland Capmk analyst B. Brooks anticipates that the company will post earnings per share of $4.11 for the year. Northland Capmk has a “Strong-Buy” rating on the stock. The consensus estimate for PHINIA’s current full-year earnings is $3.44 per share. Northland Capmk also issued estimates for PHINIA’s Q4 2024 earnings at $0.88 EPS, Q1 2025 earnings at $1.26 EPS, Q2 2025 earnings at $1.05 EPS, Q3 2025 earnings at $1.18 EPS, Q4 2025 earnings at $1.30 EPS, FY2025 earnings at $4.79 EPS, Q1 2026 earnings at $1.33 EPS, Q2 2026 earnings at $1.29 EPS, Q3 2026 earnings at $1.40 EPS, Q4 2026 earnings at $1.51 EPS and FY2026 earnings at $5.53 EPS.

PHINIA (NYSE:PHIN) last posted its quarterly earnings results on Thursday, October 31st. The company reported $1.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.38. The firm had revenue of $839.00 million for the quarter, compared to analyst estimates of $829.82 million. PHINIA had a net margin of 3.10% and a return on equity of 9.79%. The firm’s quarterly revenue was down 6.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.53 earnings per share.

PHIN has been the subject of a number of other reports. Northland Securities started coverage on PHINIA in a research note on Thursday. They set an “outperform” rating and a $61.00 price target for the company. UBS Group raised their price target on PHINIA from $55.00 to $57.00 and gave the company a “buy” rating in a research report on Thursday, January 16th.

PHINIA Trading Down 1.4 %

Shares of PHIN opened at $50.91 on Monday. The business’s 50-day moving average price is $50.85 and its 200 day moving average price is $48.13. PHINIA has a 1-year low of $29.42 and a 1-year high of $57.23. The company has a current ratio of 1.93, a quick ratio of 1.46 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $2.14 billion, a P/E ratio of 21.85 and a beta of 1.35.

PHINIA Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Monday, November 25th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, November 25th. This represents a $1.00 annualized dividend and a yield of 1.96%. PHINIA’s dividend payout ratio is currently 42.92%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Principal Financial Group Inc. increased its holdings in PHINIA by 0.4% in the fourth quarter. Principal Financial Group Inc. now owns 228,584 shares of the company’s stock valued at $11,011,000 after purchasing an additional 842 shares during the last quarter. Empowered Funds LLC raised its stake in PHINIA by 5.1% during the 4th quarter. Empowered Funds LLC now owns 239,821 shares of the company’s stock worth $11,552,000 after buying an additional 11,625 shares during the period. Vest Financial LLC increased its holdings in shares of PHINIA by 79.2% in the fourth quarter. Vest Financial LLC now owns 52,757 shares of the company’s stock worth $2,541,000 after acquiring an additional 23,310 shares in the last quarter. KBC Group NV boosted its holdings in shares of PHINIA by 45.8% in the fourth quarter. KBC Group NV now owns 2,180 shares of the company’s stock valued at $105,000 after buying an additional 685 shares during the period. Finally, MassMutual Private Wealth & Trust FSB increased its holdings in PHINIA by 30,454.5% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 13,444 shares of the company’s stock worth $648,000 after purchasing an additional 13,400 shares in the last quarter. 90.94% of the stock is owned by institutional investors.

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.