PHINIA (PHIN) Stock Price, News & Analysis

Company Overview

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. The segment also offers complete systems comprising associated software and calibration services, that reduce emissions and improve fuel economy for traditional and hybrid applications. The Aftermarket segment is involved in the sale of starters, alternators, and other new and remanufactured products, as well as maintenance, test equipment, and vehicle diagnostics solutions. It servs original equipment manufacturers of passenger cars, trucks, vans, sport-utility vehicles, medium-duty and heavy-duty trucks, and buses, as well as other off-highway construction, marine, and agricultural and industrial applications. PHINIA Inc. was incorporated in 2023 and is based in Auburn Hills, Michigan.

Key Stats

• Today's Range: $52.59 to $53.88
• 50-Day Range: $44.50 to $56.39
• 52-Week Range: $26.08 to $57.23
• Volume: 376,903 shs
• Average Volume: 402,374 shs
• Market Capitalization: $2.25 billion
• P/E Ratio: 22.92
• Dividend Yield: 1.87%
• Price Target: $52.50
• Consensus Rating: Moderate Buy

PHINIA Stock Analysis - MarketRank™

PHINIA scored higher than 53% of companies evaluated by MarketBeat, and ranked 47th out of 89 stocks in the auto/tires/trucks sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

PHINIA has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

PHINIA has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 19.48%

Earnings Growth

Earnings for PHINIA are expected to grow by 19.48% in the coming year, from $3.44 to $4.11 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of PHINIA is 22.92, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 116.72.

Price to Earnings Ratio vs. Sector

The P/E ratio of PHINIA is 22.92, which means that it is trading at a more expensive P/E ratio than the Auto/Tires/Trucks sector average P/E ratio of about 11.06.

Price to Book Value per Share Ratio

PHINIA has a P/B Ratio of 1.32. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 1.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

7.02% of the float of PHINIA has been sold short.

Short Interest Ratio / Days to Cover

PHINIA has a short interest ratio ("days to cover") of 5.7.

Change versus previous month

Short interest in PHINIA has recently increased by 15.14%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

PHINIA pays a meaningful dividend of 1.84%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

PHINIA does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of PHINIA is 42.92%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, PHINIA will have a dividend payout ratio of 24.33% next year. This indicates that PHINIA will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

7.02% of the float of PHINIA has been sold short.

Short Interest Ratio / Days to Cover

PHINIA has a short interest ratio ("days to cover") of 5.7.

Change versus previous month

Short interest in PHINIA has recently increased by 15.14%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.8 / 5
• News Sentiment: 1.11

News Sentiment

PHINIA has a news sentiment score of 1.11. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.65 average news sentiment score of Auto/Tires/Trucks companies.

News Coverage This Week

MarketBeat has tracked 9 news articles for PHINIA this week, compared to 4 articles on an average week.

Company Ownership

• Score: 3.3 / 5
• Insider Trading: Acquiring Shares

Insider Buying vs. Insider Selling

In the past three months, PHINIA insiders have bought more of their company's stock than they have sold. Specifically, they have bought $3,928.00 in company stock and sold $0.00 in company stock.

Percentage Held by Insiders

Only 1.50% of the stock of PHINIA is held by insiders.

Percentage Held by Institutions

90.94% of the stock of PHINIA is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

PHIN Stock Analysis - Frequently Asked Questions

How have PHIN shares performed this year?

PHINIA's stock was trading at $30.29 on January 1st, 2024. Since then, PHIN shares have increased by 76.3% and is now trading at $53.41.
View the best growth stocks for 2024 here.

How were PHINIA's earnings last quarter?

PHINIA Inc. (NYSE:PHIN) posted its quarterly earnings results on Thursday, October, 31st. The company reported $1.17 earnings per share for the quarter, beating analysts' consensus estimates of $0.79 by $0.38. The company's revenue was down 6.4% on a year-over-year basis.

Who are PHINIA's major shareholders?

Top institutional shareholders of PHINIA include State Street Corp (4.25%), Pacer Advisors Inc. (4.14%), Jacobs Levy Equity Management Inc. (2.42%) and Geode Capital Management LLC (2.42%). Insiders that own company stock include Robert Boyle, Michael Coetzee, Neil Fryer, Sebastian Dori, Samuel R Chapin and Robin Kendrick.
View institutional ownership trends.

How do I buy shares of PHINIA?

Shares of PHIN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of PHINIA own?

Based on aggregate information from My MarketBeat watchlists, some other companies that PHINIA investors own include American Water Works (AWK), Humana (HUM), Waste Connections (WCN), The RMR Group (RMR), Voyager Therapeutics (VYGR), DiamondRock Hospitality (DRH) and iShares Micro-Cap ETF (IWC).

Company Calendar

• Ex-Dividend for 9/13 Dividend: 8/23/2024
• Dividend Payable: 9/13/2024
• Last Earnings: 10/31/2024
• Ex-Dividend for 12/13 Dividend: 11/25/2024
• Today: 12/08/2024
• Dividend Payable: 12/13/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Auto/Tires/Trucks
• Industry: Motor vehicle parts & accessories
• Sub-Industry: Automobiles And Trucks
• Current Symbol: NYSE:PHIN
• CUSIP: N/A
• CIK: 1968915
• Web: www.phinia.com
• Phone: 248-754-9200
• Fax: N/A
• Employees: 13,200
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $52.50
• High Stock Price Target: $55.00
• Low Stock Price Target: $50.00
• Potential Upside/Downside: -1.7%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.50
• Research Coverage: 2 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $2.33
• Trailing P/E Ratio: 22.92
• Forward P/E Ratio: 15.53
• P/E Growth: N/A
• Net Income: $102 million
• Net Margins: 3.10%
• Pretax Margin: 6.03%
• Return on Equity: 9.79%
• Return on Assets: 4.42%

Debt

• Debt-to-Equity Ratio: 0.58
• Current Ratio: 1.93
• Quick Ratio: 1.46

Sales & Book Value

• Annual Sales: $3.50 billion
• Price / Sales: 0.64
• Cash Flow: $4.09 per share
• Price / Cash Flow: 13.06
• Book Value: $40.42 per share
• Price / Book: 1.32

Miscellaneous

• Outstanding Shares: 42,060,000
• Free Float: 41,427,000
• Market Cap: $2.25 billion
• Optionable: Optionable
• Beta: 1.10