Phillips Edison & Company, Inc. (NASDAQ:PECO) Releases FY25 Earnings Guidance

Phillips Edison & Company, Inc. (NASDAQ:PECO) issued an update on its FY25 earnings guidance on Thursday morning. The company provided earnings per share guidance of $2.52-2.59 for the period, compared to the consensus earnings per share estimate of $2.54. Phillips Edison & Company, Inc. also updated its FY 2024 guidance to 0.480-0.500 EPS.

Phillips Edison & Company, Inc. Trading Up 1.5 %

NASDAQ PECO opened at $38.10 on Friday. The firm has a market capitalization of $4.67 billion, a P/E ratio of 82.83, a price-to-earnings-growth ratio of 3.60 and a beta of 0.57. The firm’s fifty day moving average price is $38.46 and its two-hundred day moving average price is $36.20. Phillips Edison & Company, Inc. has a 1 year low of $30.62 and a 1 year high of $40.12.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last posted its quarterly earnings results on Thursday, October 24th. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.52). Phillips Edison & Company, Inc. had a return on equity of 2.22% and a net margin of 9.03%. The business had revenue of $165.50 million for the quarter, compared to the consensus estimate of $157.20 million. During the same quarter in the previous year, the business posted $0.58 EPS. The company’s revenue for the quarter was up 8.5% on a year-over-year basis. On average, research analysts anticipate that Phillips Edison & Company, Inc. will post 2.42 EPS for the current fiscal year.

Phillips Edison & Company, Inc. Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, January 3rd. Investors of record on Tuesday, December 17th will be paid a $0.1025 dividend. This represents a yield of 3.13%. The ex-dividend date of this dividend is Monday, December 16th. This is a boost from Phillips Edison & Company, Inc.’s previous dividend of $0.10. Phillips Edison & Company, Inc.’s dividend payout ratio is 267.39%.

Wall Street Analyst Weigh In

PECO has been the topic of several research reports. Wolfe Research raised Phillips Edison & Company, Inc. from a “peer perform” rating to an “outperform” rating and set a $44.00 target price on the stock in a research report on Wednesday, November 13th. Wells Fargo & Company upgraded Phillips Edison & Company, Inc. from an “underweight” rating to an “equal weight” rating and increased their price objective for the stock from $34.00 to $37.00 in a research report on Wednesday, August 28th. Compass Point boosted their target price on shares of Phillips Edison & Company, Inc. from $36.00 to $37.00 and gave the company a “neutral” rating in a research report on Tuesday, September 10th. Finally, Mizuho raised their price target on shares of Phillips Edison & Company, Inc. from $39.00 to $41.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 10th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $39.00.

Phillips Edison & Company, Inc. Company Profile

Phillips Edison & Company, Inc (PECO) is one of the nation's largest owners and operators of omni-channel grocery-anchored shopping centers. Founded in 1991, PECO has generated strong results through its vertically-integrated operating platform and national footprint of well-occupied shopping centers.