Northland Capmk Predicts PHINIA FY2024 Earnings

PHINIA Inc. (NYSE:PHIN) – Northland Capmk issued their FY2024 earnings per share (EPS) estimates for shares of PHINIA in a report released on Thursday, January 30th. Northland Capmk analyst B. Brooks anticipates that the company will post earnings of $4.11 per share 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 released its earnings results on Thursday, October 31st. The company reported $1.17 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.38. PHINIA had a net margin of 3.10% and a return on equity of 9.79%. The company had revenue of $839.00 million during the quarter, compared to analysts’ expectations of $829.82 million. During the same period last year, the business earned $0.53 EPS. PHINIA’s revenue for the quarter was down 6.4% on a year-over-year basis.

Several other equities research analysts have also commented on PHIN. Northland Securities started coverage on PHINIA in a research report on Thursday. They issued an “outperform” rating and a $61.00 price objective on the stock. UBS Group upped 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 %

PHINIA stock opened at $50.91 on Monday. The company has a market capitalization of $2.14 billion, a price-to-earnings ratio of 21.85 and a beta of 1.35. The stock has a 50-day moving average price of $50.85 and a 200 day moving average price of $48.13. PHINIA has a 52 week low of $29.42 and a 52 week high of $57.23. The company has a quick ratio of 1.46, a current ratio of 1.93 and a debt-to-equity ratio of 0.58.

Hedge Funds Weigh In On PHINIA

Several hedge funds have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company boosted its stake in PHINIA by 290.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 25,745 shares of the company’s stock worth $1,013,000 after purchasing an additional 19,152 shares during the period. Sanctuary Advisors LLC acquired a new stake in PHINIA in the second quarter valued at about $503,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of PHINIA during the 2nd quarter worth approximately $49,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in PHINIA during the second quarter worth $1,547,000. Finally, GAMMA Investing LLC boosted its position in shares of PHINIA by 23.9% during the 3rd quarter. GAMMA Investing LLC now owns 1,403 shares of the company’s stock worth $65,000 after purchasing an additional 271 shares in the last quarter. 90.94% of the stock is currently owned by hedge funds and other institutional investors.

PHINIA Announces Dividend

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

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.