PHINIA (PHIN) Set to Announce Quarterly Earnings on Tuesday

PHINIA (NYSE:PHIN) is scheduled to be issuing its quarterly earnings data before the market opens on Tuesday, July 30th. Analysts expect the company to announce earnings of $1.15 per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

PHINIA (NYSE:PHIN) last released its earnings results on Thursday, April 25th. The company reported $1.08 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.34. PHINIA had a net margin of 3.06% and a return on equity of 7.52%. The company had revenue of $863.00 million for the quarter, compared to analysts’ expectations of $800.00 million. The business’s revenue was up 3.4% on a year-over-year basis. 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

NYSE PHIN opened at $44.40 on Monday. PHINIA has a 12 month low of $23.46 and a 12 month high of $47.51. The stock has a market cap of $2.03 billion and a price-to-earnings ratio of 9.04. The company’s 50 day moving average is $42.56 and its two-hundred day moving average is $38.11. The company has a current ratio of 1.71, a quick ratio of 1.27 and a debt-to-equity ratio of 0.38.

PHINIA Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 24th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date of this dividend was Thursday, May 23rd. PHINIA’s payout ratio is 20.37%.

Insiders Place Their Bets

In other PHINIA news, VP Robert Boyle sold 1,828 shares of the firm’s stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $43.77, for a total transaction of $80,011.56. Following the sale, the vice president now owns 36,337 shares in the company, valued at approximately $1,590,470.49. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.50% of the stock is owned by company insiders.

About PHINIA

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.