PHINIA Inc. (PHIN) To Go Ex-Dividend on September 4th

PHINIA Inc. (NYSE:PHIN) announced a quarterly dividend on Thursday, August 6th. Shareholders of record on Friday, September 4th will be paid a dividend of 0.30 per share on Friday, September 18th. This represents a c) annualized dividend and a yield of 1.6%. The ex-dividend date is Friday, September 4th.

PHINIA has a dividend payout ratio of 25.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect PHINIA to earn $6.95 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 17.3%.

PHINIA Stock Performance

Shares of NYSE:PHIN opened at $75.07 on Friday. The company has a current ratio of 1.81, a quick ratio of 1.34 and a debt-to-equity ratio of 0.63. PHINIA has a 1-year low of $50.79 and a 1-year high of $86.93. The stock has a market capitalization of $2.75 billion, a P/E ratio of 21.51 and a beta of 1.17. The business has a 50-day moving average price of $79.46 and a two-hundred day moving average price of $74.57.

PHINIA (NYSE:PHIN) last issued its earnings results on Thursday, July 30th. The company reported $1.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.57 by ($0.04). The business had revenue of $940.00 million during the quarter, compared to the consensus estimate of $918.83 million. PHINIA had a net margin of 3.73% and a return on equity of 13.86%. Equities analysts predict that PHINIA will post 6.18 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have commented on PHIN shares. Weiss Ratings raised shares of PHINIA from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, July 21st. Wall Street Zen downgraded PHINIA from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 1st. Zacks Research lowered PHINIA from a “hold” rating to a “strong sell” rating in a research report on Monday, August 3rd. UBS Group reduced their price target on PHINIA from $81.00 to $80.00 and set a “neutral” rating on the stock in a research report on Friday, July 31st. Finally, Northland Securities set a $98.00 price objective on PHINIA in a research note on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, PHINIA presently has a consensus rating of “Moderate Buy” and an average price target of $76.33.

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. The Fuel Systems segment provides advanced fuel injection systems, including pumps, injectors, fuel rail assemblies, and engine control modules; fuel delivery modules; canisters; sensors; and electronic control modules.