Northland Capmk Estimates PHINIA FY2024 Earnings

PHINIA Inc. (NYSE:PHIN) – Stock analysts at Northland Capmk issued their FY2024 earnings estimates for shares of PHINIA in a research note issued to investors on Thursday, January 30th. Northland Capmk analyst B. Brooks expects that the company will earn $4.11 per share for the year. Northland Capmk currently 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.

PHIN has been the subject of a number of other reports. Northland Securities started coverage on shares of PHINIA in a report on Thursday, January 30th. They issued an “outperform” rating and a $61.00 price objective for the company. UBS Group raised their target price on PHINIA from $55.00 to $57.00 and gave the stock a “buy” rating in a research note on Thursday, January 16th.

PHINIA Trading Up 2.3 %

Shares of PHIN stock opened at $50.12 on Monday. The firm has a market cap of $2.11 billion, a P/E ratio of 21.51 and a beta of 1.35. The company has a quick ratio of 1.46, a current ratio of 1.93 and a debt-to-equity ratio of 0.58. PHINIA has a 12-month low of $29.42 and a 12-month high of $57.23. The business has a 50-day moving average price of $50.59 and a two-hundred day moving average price of $48.19.

Hedge Funds Weigh In On PHINIA

Several institutional investors and hedge funds have recently added to or reduced their stakes in PHIN. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of PHINIA in the 2nd quarter worth about $49,000. GAMMA Investing LLC boosted its stake 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 acquiring an additional 271 shares in the last quarter. KBC Group NV grew its holdings in PHINIA by 49.4% in the third quarter. KBC Group NV now owns 1,495 shares of the company’s stock worth $69,000 after purchasing an additional 494 shares during the period. International Assets Investment Management LLC increased its stake in shares of PHINIA by 4,502.9% during the third 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 in the last quarter. Finally, Creative Planning purchased a new position in shares of PHINIA during the third quarter valued at approximately $203,000. Hedge funds and other institutional investors own 90.94% of the company’s stock.

PHINIA Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Monday, November 25th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.00%. The ex-dividend date of this dividend was Monday, November 25th. PHINIA’s dividend payout ratio is currently 42.92%.

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.