Research Analysts Issue Forecasts for PHINIA FY2024 Earnings

PHINIA Inc. (NYSE:PHIN) – Analysts at Northland Capmk issued their FY2024 earnings estimates for shares of PHINIA in a note issued to investors on Thursday, January 30th. Northland Capmk analyst B. Brooks forecasts 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 $3.78 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.

Other equities analysts have also recently issued reports about the stock. UBS Group lifted their price target on shares of PHINIA from $55.00 to $57.00 and gave the stock a “buy” rating in a research report on Thursday, January 16th. Northland Securities began coverage on PHINIA in a report on Thursday, January 30th. They set an “outperform” rating and a $61.00 target price on the stock.

PHINIA Stock Performance

PHIN stock opened at $50.12 on Monday. PHINIA has a twelve month low of $29.42 and a twelve month 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. The company has a market cap of $2.11 billion, a P/E ratio of 21.51 and a beta of 1.35. The business’s fifty day moving average is $50.59 and its 200-day moving average is $48.19.

PHINIA Announces Dividend

The firm 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 annualized dividend and a yield of 2.00%. The ex-dividend date of this dividend was Monday, November 25th. PHINIA’s dividend payout ratio (DPR) is currently 42.92%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Point72 Asia Singapore Pte. Ltd. acquired a new position in PHINIA in the second quarter valued at approximately $49,000. GAMMA Investing LLC boosted its holdings in PHINIA by 23.9% during the third quarter. GAMMA Investing LLC now owns 1,403 shares of the company’s stock worth $65,000 after purchasing an additional 271 shares during the last quarter. KBC Group NV boosted its stake in shares of PHINIA by 49.4% in the 3rd quarter. KBC Group NV now owns 1,495 shares of the company’s stock worth $69,000 after buying an additional 494 shares during the last quarter. International Assets Investment Management LLC increased its position in shares of PHINIA by 4,502.9% during the 3rd quarter. International Assets Investment Management LLC now owns 3,222 shares of the company’s stock valued at $148,000 after purchasing an additional 3,152 shares during the last quarter. Finally, Creative Planning purchased a new stake in PHINIA during the third quarter worth about $203,000. 90.94% of the stock is owned by institutional investors.

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.