Date | Price Target | Rating | Analyst |
---|---|---|---|
9/4/2024 | $55.00 | Buy | UBS |
3/11/2024 | $50.00 | Overweight | Morgan Stanley |
9/5/2023 | $36.00 | Outperform | Exane BNP Paribas |
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
4 - PHINIA INC. (0001968915) (Issuer)
4 - PHINIA INC. (0001968915) (Issuer)
4 - PHINIA INC. (0001968915) (Issuer)
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
8-K - PHINIA INC. (0001968915) (Filer)
8-K - PHINIA INC. (0001968915) (Filer)
8-K/A - PHINIA INC. (0001968915) (Filer)
4 - PHINIA INC. (0001968915) (Issuer)
4 - PHINIA INC. (0001968915) (Issuer)
4 - PHINIA INC. (0001968915) (Issuer)
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
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.