Phillips Edison & Company, Inc. (NASDAQ:PECO) Updates FY 2025 Earnings Guidance

Phillips Edison & Company, Inc. (NASDAQ:PECO) updated its FY 2025 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 0.540-0.590 for the period, compared to the consensus estimate of 0.570. The company issued revenue guidance of -. Phillips Edison & Company, Inc. also updated its FY 2024 guidance to 0.480-0.500 EPS.

Phillips Edison & Company, Inc. Stock Performance

PECO stock traded up $0.16 on Thursday, hitting $38.37. 139,611 shares of the company’s stock were exchanged, compared to its average volume of 668,709. The firm has a 50 day moving average price of $38.39 and a two-hundred day moving average price of $36.15. Phillips Edison & Company, Inc. has a 12-month low of $30.62 and a 12-month high of $40.12. The stock has a market cap of $4.70 billion, a P/E ratio of 83.41, a price-to-earnings-growth ratio of 3.60 and a beta of 0.57.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last issued its quarterly earnings results on Thursday, October 24th. The company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.52). The business had revenue of $165.50 million for the quarter, compared to analysts’ expectations of $157.20 million. Phillips Edison & Company, Inc. had a return on equity of 2.22% and a net margin of 9.03%. Phillips Edison & Company, Inc.’s revenue was up 8.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.58 EPS. Sell-side analysts expect that Phillips Edison & Company, Inc. will post 2.42 earnings per share for the current fiscal year.

Phillips Edison & Company, Inc. Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, January 3rd. Shareholders of record on Tuesday, December 17th will be issued a $0.1025 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a dividend yield of 3.13%. This is a boost from Phillips Edison & Company, Inc.’s previous dividend of $0.10. Phillips Edison & Company, Inc.’s dividend payout ratio (DPR) is currently 267.39%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Compass Point raised their target price on Phillips Edison & Company, Inc. from $36.00 to $37.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 10th. Wolfe Research upgraded Phillips Edison & Company, Inc. from a “peer perform” rating to an “outperform” rating and set a $44.00 price objective for the company in a research note on Wednesday, November 13th. Wells Fargo & Company upgraded Phillips Edison & Company, Inc. from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $34.00 to $37.00 in a research report on Wednesday, August 28th. Finally, Mizuho lifted their price objective on shares of Phillips Edison & Company, Inc. from $39.00 to $41.00 and gave the company an “outperform” rating in a research note on Tuesday, December 10th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $39.00.

Phillips Edison & Company, Inc. Company Profile

Phillips Edison & Company, Inc (PECO) is one of the nation's largest owners and operators of omni-channel grocery-anchored shopping centers. Founded in 1991, PECO has generated strong results through its vertically-integrated operating platform and national footprint of well-occupied shopping centers.