| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/25/2024 | $50.00 | Overweight → Equal-Weight | Morgan Stanley |
| 9/4/2024 | $55.00 | Buy | UBS |
| 3/11/2024 | $50.00 | Overweight | Morgan Stanley |
| 9/5/2023 | $36.00 | Outperform | Exane BNP Paribas |
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Morgan Stanley downgraded PHINIA from Overweight to Equal-Weight and set a new price target of $50.00
UBS initiated coverage of PHINIA with a rating of Buy and set a new price target of $55.00
Morgan Stanley initiated coverage of PHINIA with a rating of Overweight and set a new price target of $50.00
Exane BNP Paribas initiated coverage of PHINIA with a rating of Outperform and set a new price target of $36.00
PHINIA Inc. ("PHINIA" or the "Company") (NYSE:PHIN), a leader in premium fuel systems, electrical systems, and aftermarket solutions, will present and host a question & answer session at Barclays' 15th Annual Automotive and Mobility Tech conference, in New York, NY, on November 20, 2024, at 9:20am Eastern Time. PHINIA's presentation and other materials will be available on the "Investors" section of PHINIA's website, PHINIA - Investor Relations. PHINIA's President and CEO, Brady Ericson will take part in a fireside chat with Barclays' auto analysts, Dan Levy and Trevor "TL" Young. The event will be webcast and available on PHINIA's Investor Relations website. Event information can be foun
PHINIA Inc. ("PHINIA" or the "Company") (NYSE:PHIN), a leader in premium fuel systems, electrical systems, and aftermarket solutions, today announced that its Board of Directors has declared a quarterly cash dividend in the amount of $0.25 per common share, payable on December 13, 2024, to shareholders of record at the close of business on November 25, 2024. About PHINIA PHINIA is an independent, market-leading, premium solutions and components provider with over 100 years of manufacturing expertise and industry relationships, with a strong brand portfolio that includes DELPHI®, DELCO REMY® and HARTRIDGE™. With over 13,000 employees across 44 locations in 20 countries, PHINIA is headqua
PHINIA Inc. (NYSE:PHIN), a leader in premium fuel systems, electrical systems, and aftermarket solutions, today reported results for the third quarter ended September 30, 2024. Third Quarter Highlights: Net sales of $839 million, a decrease of 6.4% compared with Q3 2023. Lower Fuel Systems (FS) sales in Europe and China partially offset by strong Aftermarket segment sales in Europe led to lower net sales compared to Q3 2023. Excluding the effects of contract manufacturing that ended in the quarter, adjusted sales were $838 million, down 3.7% year-over-year. Operating income of $66 million and operating margin of 7.9%, representing a year-over-year increase of $20 million and 280
GREENWICH, Conn., Oct. 29, 2024 (GLOBE NEWSWIRE) -- Gabelli Funds will host its 48th Annual Automotive Symposium on November 4th and 5th, 2024 at the Encore at Wynn in Las Vegas, Nevada. This two-day symposium will feature presentations by senior managements of leading automotive and trucking companies, with a lineup that enables investors to understand ever-changing dynamics within the automotive industry. Presenting attendees, which include original equipment suppliers, automotive retailers, aftermarket service participants and next-gen tech companies driving vehicle electrification will provide a "cradle to grave" look at the automotive ecosystem and help investors understand "What's N
GREENWICH, Conn., Oct. 22, 2024 (GLOBE NEWSWIRE) -- Gabelli Funds will host its 48th Annual Automotive Symposium on November 4th and 5th, 2024 at the Encore at Wynn in Las Vegas, Nevada. This two-day symposium will feature presentations by senior managements of leading automotive and trucking companies, with a lineup that enables investors to understand ever-changing dynamics within the automotive industry. Presenting attendees, which include original equipment suppliers, automotive retailers, aftermarket service participants and next-gen tech companies driving vehicle electrification will provide a "cradle to grave" look at the automotive ecosystem and help investors understand "What's N
GREENWICH, Conn., Oct. 07, 2024 (GLOBE NEWSWIRE) -- Gabelli Funds will host its 48th Annual Automotive Symposium on November 4th and 5th, 2024 at the Encore at Wynn in Las Vegas, Nevada. This two-day symposium will feature presentations by senior managements of leading automotive and trucking companies, with a lineup that enables investors to understand ever-changing dynamics within the automotive industry. Presenting attendees, which include original equipment suppliers, automotive retailers, aftermarket service participants and next-gen tech companies driving vehicle electrification will provide a "cradle to grave" look at the automotive ecosystem and help investors understand "What's N
PHINIA Inc. (NYSE:PHIN), a leader in premium fuel systems, electrical systems and aftermarket parts, will report third quarter results on Thursday, October 31, 2024. PHINIA's earnings press release, earnings presentation and other materials will be available on the "Investors" section of PHINIA's website, PHINIA - Investor Relations. PHINIA will host a webcast to review third quarter 2024 results and take questions from the investment community at 8:30 AM Eastern Time on Thursday, October 31, 2024. The webcast may be accessed at the "Investors" section of PHINIA's website under the heading "Events & Presentations". A replay of the webcast will be available at the same location after the co
PHINIA's Global Emission Standards Booklet continues long-standing commitment to educating the market on evolving fuel regulations, a project initially developed by Delphi in 1993 The guide is the only globally comprehensive emissions Booklet available, detailing current 2024/2025 standards as well as historical and future standards PHINIA Inc. (NYSE:PHIN), a global leader in premium fuel systems, electrical systems, and aftermarket products, today publishes its 2024/25 Emission Standards Booklet for heavy-duty and off-road vehicles, engines, and machinery. The only globally comprehensive guide of its kind, the Booklet helps vehicle and engine manufacturers and other industry professio
PHINIA debuts first-to-market electronically-controlled compact diesel injection system – CR350 – for Kohler Engines' KSD off-highway engine (small diesel < 19kW) The cost-effective common rail solution is designed to support customers in meeting emission regulations and improving fuel efficiency The compact design of the CR350 and its integrated electronic control system meet unique emission regulation requirements for small off-highway applications PHINIA Inc. (NYSE:PHIN), a leader in premium fuel systems, electrical systems, and aftermarket solutions, has launched the first electronically-controlled, low pressure common rail injection system for compact diesel engines used in off-
PHINIA Inc. ("PHINIA," "we," "our" or the "Company") (NYSE:PHIN) announced today that it has priced its previously announced offering (the "Offering") and has agreed to issue and sell $450 million aggregate principal amount of its unsecured 6.625% senior notes due 2032 (the "notes") in a private offering that is exempt from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act"). The aggregate principal amount of the Offering of the notes was increased from the previously announced Offering size of $400 million aggregate principal amount of notes. The notes will be sold to investors at 100.00% plus accrued interest, if any, from September 17, 2024. The
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PHINIA will be joining Russell 2000® Index in the wake of its annual reconstitutionThe Russell 2000® Index reconstitution reflects the current state of the US equity market and its market segmentsPHINIA Inc. ((PHIN), a leader in premium fuel systems, electrical systems, and aftermarket parts, today announced that the Company was added as a member of the US small-cap Russell 2000 Index, effective as of US market open on July 1, as part of the 2024 Russell Index's reconstitution.Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. According to data as of the end of December 2023, about $10.5 trill
2024 Full Year Guidance: The Company reaffirms its FY 2024 outlook for net sales of $3.42 billion to $3.58 billion, adjusted sales of $3.40 billion to $3.55 billion, net earnings and margin of $125 million to $160 million and 3.7% to 4.5%, respectively, adjusted EBITDA of $470 million to $510 million, and adjusted EBITDA margin of 13.8% to 14.4%. PHINIA expects to generate $160 million to $200 million in adjusted free cash flow. Adjusted tax rate is expected to be in the range of 28% to 32%.
Phinia (NYSE:PHIN) reported quarterly earnings of $1.08 per share which beat the analyst consensus estimate of $0.74 by 45.95 percent. This is a 9.24 percent decrease over earnings of $1.19 per share from the same period last year. The company reported $863.000 million in sales this quarter. This is a 3.35 percent increase over sales of $835.000 million the same period last year.
Morgan Stanley analyst Adam Jonas initiated coverage on Phinia Inc (NYSE:PHIN) with an Overweight rating and a price target of $50. The analyst says that they believe Phinia is the purest expression of thier ‘ICE is Nice’ thesis, which can generate substantial cash flows for longer than the market anticipates at ~4x EBITDA. Jonas writes that although EV pessimism is in full swing, he still sees room for longer-term expectations to reset amid underappreciated geopolitical, environmental, and economic challenges in the current EV market. Jones says that the company has a stable top-line, above-peer margins and minimal leverage and thus forecasts $200 million+ of free cash flow begin
Morgan Stanley analyst Adam Jonas initiates coverage on Phinia (NYSE:PHIN) with a Overweight rating and announces Price Target of $50.
Morgan Stanley analyst Adam Jonas initiates coverage on Phinia (NYSE:PHIN) with a Overweight rating and announces Price Target of $50.
Gainers Sonder Holdings (NASDAQ:SOND) shares increased by 23.0% to $3.74 during Wednesday's regular session. The market value of their outstanding shares is at $41.3 million. Gentherm (NASDAQ:THRM) shares rose 20.44% to $59.38. The market value of their outstanding shares is at $1.9 billion. The company's, Q4 earnings came out today. Fossil Group, Inc. - 7% Senior Notes due 2026 (NASDAQ:FOSLL) stock rose 15.92% to $12.3. Cango (NYSE:CANG) stock moved upwards by 11.97% to $1.59. The company's market cap stands at $214.2 million. Lead Real Estate Co (NASDAQ:LRE) stock rose 9.75% to $4.5. The market value of their outstanding shares is at $61.3 million. Phinia (NYSE:PHIN) stock moved upwa
PHINIA Inc. ("PHINIA" or the "Company") (NYSE:PHIN), a leader in premium fuel systems, electrical systems, and aftermarket solutions, today announced that its Board of Directors has declared a quarterly cash dividend in the amount of $0.25 per common share, payable on December 13, 2024, to shareholders of record at the close of business on November 25, 2024. About PHINIA PHINIA is an independent, market-leading, premium solutions and components provider with over 100 years of manufacturing expertise and industry relationships, with a strong brand portfolio that includes DELPHI®, DELCO REMY® and HARTRIDGE™. With over 13,000 employees across 44 locations in 20 countries, PHINIA is headqua
PHINIA Inc. (NYSE:PHIN), a leader in premium fuel systems, electrical systems, and aftermarket solutions, today reported results for the third quarter ended September 30, 2024. Third Quarter Highlights: Net sales of $839 million, a decrease of 6.4% compared with Q3 2023. Lower Fuel Systems (FS) sales in Europe and China partially offset by strong Aftermarket segment sales in Europe led to lower net sales compared to Q3 2023. Excluding the effects of contract manufacturing that ended in the quarter, adjusted sales were $838 million, down 3.7% year-over-year. Operating income of $66 million and operating margin of 7.9%, representing a year-over-year increase of $20 million and 280
PHINIA Inc. ("PHINIA" or the "Company") (NYSE:PHIN), a leader in premium fuel systems, electrical systems, and aftermarket products, today announced that its Board of Directors has declared a quarterly cash dividend in the amount of $0.25 per common share, payable on September 13, 2024, to shareholders of record at the close of business on August 23, 2024. The Board of Directors also authorized a $250 million increase to its previously approved $150 million share repurchase program. Including the $250 million increase announced today, approximately $263 million is available under the Company's repurchase program. Under the share repurchase program, the Company's common shares may be r
PHINIA Inc. (NYSE:PHIN), a leader in premium fuel systems, electrical systems, and aftermarket solutions, today reported results for the second quarter ended June 30, 2024. Second Quarter Highlights: Net sales of $868 million, a decrease of 2.1% compared with Q2 2023. Excluding $5 million of contract manufacturing sales, sales were down slightly compared to Q2 2023. Lower commercial vehicle (CV) sales in Europe and light vehicle (LV) sales in China were partially offset by favorable mix within the Aftermarket segment. Operating income of $71 million and operating margin of 8.2%, representing a year-over-year increase of $15 million and 190 basis points (bps), respectively.
PHINIA Inc. ("PHINIA" or the "Company") (NYSE:PHIN), a leader in premium fuel systems, electrical systems, and aftermarket products, today announced that its Board of Directors has elected Meggan M. Walsh to the Board, effective July 1, 2024. Ms. Walsh's Board committee appointment will be approved by the Board at a later date. Ms. Walsh, 60, most recently served as a Senior Portfolio Manager and Head, Dividend Value with Invesco Ltd., a global independent investment management firm, and brings 35 years of investor leadership experience to the Board. At Invesco, Ms. Walsh led responsibility for investments and capital allocation across sectors in the Dividend Value team portfolios. Team a
PHINIA Inc. ("PHINIA" or the "Company") (NYSE:PHIN), a leader in premium fuel systems, electrical systems, and aftermarket products, today announced that its Board of Directors has declared a quarterly cash dividend in the amount of $0.25 per common share, payable on June 14, 2024, to shareholders of record at the close of business on May 24, 2024. About PHINIA PHINIA is an independent, market-leading, premium solutions and components provider with over 100 years of manufacturing expertise and industry relationships, with a strong brand portfolio that includes DELPHI®, DELCO REMY® and HARTRIDGE®. With over 13,000 employees across 44 locations in 20 countries, PHINIA is headquartered in
PHINIA Inc. (NYSE:PHIN), a leader in premium fuel systems, electrical systems, and aftermarket solutions, today reported results for the first quarter ended March 31, 2024. First Quarter Highlights: U.S. GAAP net sales of $863 million, an increase of 3.4% compared with Q1 2023. Excluding $17 million of contract manufacturing sales, sales were up slightly compared to Q1 2023. Favorable pricing and currency were partially offset by lower commercial vehicle sales in Europe. Operating income of $71 million and adjusted operating income of $97 million includes the benefit of a supplier settlement and inflationary pass-through. Operating margin of 8.2% and an adjusted operating margi
PHINIA Inc. (NYSE:PHIN), a leader in premium fuel systems, electrical systems, and aftermarket products, today reported its fourth quarter and full year ended December 31, 2023 results. Fourth Quarter Highlights: U.S. GAAP net sales of $882 million, an increase of 3.6% compared with Q4 2022. Excluding $24 million of contract manufacturing sales, sales were up slightly compared to Q4 2022. Positive customer pricing, positive FX and growth in light vehicle original equipment (OE) sales were partially offset by lower commercial vehicle (CV) OE sales in China. Operating income of $81 million and adjusted operating income of $89 million, resulting in an operating margin of 9.2% and
PHINIA Inc. ("PHINIA" or the "Company") (NYSE:PHIN), a leader in premium fuel systems, electrical systems, and aftermarket products, today announced that its Board of Directors has declared a quarterly cash dividend in the amount of $0.25 per common share, payable on March 15, 2024, to shareholders of record at the close of business on February 26, 2024. About PHINIA PHINIA is an independent, market-leading, premium solutions and components provider with over 100 years of manufacturing expertise and industry relationships, with a strong brand portfolio that includes DELPHI®, DELCO REMY® and HARTIDGE®. With 13,200 employees across 44 locations in 20 countries, PHINIA is headquartered in
PHINIA Inc. ("PHINIA" or the "Company") (NYSE:PHIN), a leader in premium fuel systems, electrical systems, and aftermarket products, today announced that its Board of Directors has declared a quarterly cash dividend in the amount of $0.25 per common share, payable on December 15, 2023, to shareholders of record at the close of business on December 1, 2023. About PHINIA PHINIA is an independent, market-leading, premium solutions and components provider with over 100 years of manufacturing expertise and industry relationships, with a strong brand portfolio that includes Delphi, Delco Remy® and Hartridge. With 12,900 employees across 44 locations in 20 countries, PHINIA is headquartere