PHINIA Inc. (PHIN) To Go Ex-Dividend on February 28th

PHINIA Inc. (NYSE:PHIN) announced a quarterly dividend on Thursday, February 13th, Wall Street Journal reports. Stockholders of record on Friday, February 28th will be paid a dividend of 0.27 per share on Friday, March 14th. This represents a $1.08 annualized dividend and a dividend yield of 2.17%. The ex-dividend date of this dividend is Friday, February 28th. This is a boost from PHINIA’s previous quarterly dividend of $0.25.

PHINIA has a dividend payout ratio of 21.3% meaning its dividend is sufficiently covered by earnings. Analysts expect PHINIA to earn $5.20 per share next year, which means the company should continue to be able to cover its $1.08 annual dividend with an expected future payout ratio of 20.8%.

PHINIA Price Performance

Shares of NYSE:PHIN opened at $49.84 on Wednesday. The company has a market cap of $2.03 billion, a price-to-earnings ratio of 28.48 and a beta of 1.35. The business has a 50 day moving average price of $49.69 and a 200 day moving average price of $49.00. The company has a quick ratio of 1.44, a current ratio of 1.90 and a debt-to-equity ratio of 0.61. PHINIA has a twelve month low of $33.50 and a twelve month high of $57.23.

PHINIA (NYSE:PHIN) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.71 EPS for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.09). The business had revenue of $833.00 million for the quarter, compared to analyst estimates of $811.94 million. PHINIA had a return on equity of 10.12% and a net margin of 2.32%. Research analysts predict that PHINIA will post 4.21 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Northland Securities started coverage on shares of PHINIA in a research report on Thursday, January 30th. They issued an “outperform” rating and a $61.00 price target on the stock. UBS Group lifted their target price on PHINIA from $55.00 to $57.00 and gave the stock a “buy” rating in a research report on Thursday, January 16th. Finally, Northland Capmk raised PHINIA to a “strong-buy” rating in a report on Thursday, January 30th.

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.