PHINIA Inc. (NYSE:PHIN) Stock to Pay Quarterly Dividend of $0.30

PHINIA Inc. (NYSE:PHIN) announced a quarterly dividend on Thursday, November 12th. Investors of record on Monday, November 23rd will be given a dividend of $0.30 per share on Friday, December 11th. This represents a $1.20 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Monday, November 23rd.

PHINIA has a payout ratio of 25.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect PHINIA to earn $7.13 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 16.8%.

PHINIA Stock Performance

PHINIA stock opened at $72.44 on Friday. The company has a quick ratio of 1.28, a current ratio of 1.70 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $2.61 billion, a P/E ratio of 14.61 and a beta of 1.16. The stock’s 50 day moving average is $62.27 and its 200 day moving average is $71.38. PHINIA has a twelve month low of $51.38 and a twelve month high of $86.93.

PHINIA (NYSE:PHIN) last posted its quarterly earnings data on Thursday, October 29th. The company reported $1.83 earnings per share for the quarter, beating analysts’ consensus estimates of $1.68 by $0.15. The company had revenue of $912.00 million during the quarter, compared to analyst estimates of $928.21 million. PHINIA had a return on equity of 14.32% and a net margin of 5.22%. On average, equities research analysts predict that PHINIA will post 6.10 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Zacks Research raised PHINIA from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 29th. Weiss Ratings downgraded PHINIA from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, September 16th. Northland Securities set a $98.00 price target on PHINIA in a research report on Friday, July 31st. Wall Street Zen upgraded shares of PHINIA from a “hold” rating to a “buy” rating in a research note on Saturday, November 7th. Finally, UBS Group upped their price target on shares of PHINIA from $68.00 to $69.00 and gave the stock a “neutral” rating in a research note on Friday, October 30th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $90.67.

PHINIA Company Profile

PHINIA Inc. develops and manufactures fuel systems and aftermarket products for the global automotive and commercial vehicle industries. Its products include fuel injection and fuel delivery systems, ignition components, and related technologies for vehicles with internal combustion engines. The company also supplies replacement parts and services to the automotive aftermarket, including products under the Delphi brand. Its customers include vehicle and engine manufacturers as well as distributors and repair businesses.