PHINIA (NYSE:PHIN – Get Free Report) released its earnings results on Tuesday. The company reported $0.88 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.15 by ($0.27), Briefing.com reports. The company had revenue of $868.00 million during the quarter, compared to analyst estimates of $889.00 million. PHINIA had a net margin of 2.48% and a return on equity of 8.04%. PHINIA’s revenue was down 2.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.61 EPS. PHINIA updated its FY 2024 guidance to EPS.
PHINIA Stock Performance
NYSE PHIN traded down $0.85 during trading on Friday, reaching $42.94. 20,192 shares of the company’s stock were exchanged, compared to its average volume of 701,695. PHINIA has a fifty-two week low of $23.46 and a fifty-two week high of $47.51. The stock has a market capitalization of $1.88 billion and a P/E ratio of 13.97. The business has a 50 day moving average price of $42.46 and a 200-day moving average price of $38.34. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.85 and a quick ratio of 1.27.
PHINIA Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 24th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.33%. The ex-dividend date of this dividend was Thursday, May 23rd.
Insider Transactions at PHINIA
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.
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