Phillips Edison & Company, Inc. (NASDAQ:PECO) Updates FY25 Earnings Guidance

Phillips Edison & Company, Inc. (NASDAQ:PECO) issued an update on its FY25 earnings guidance on Thursday morning. The company provided earnings per share guidance of $2.52-2.59 for the period, compared to the consensus earnings per share estimate of $2.54. Phillips Edison & Company, Inc. also updated its FY 2024 guidance to 0.480-0.500 EPS.

Analyst Ratings Changes

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

Phillips Edison & Company, Inc. Stock Down 1.7 %

NASDAQ PECO opened at $37.55 on Friday. The company has a market capitalization of $4.60 billion, a price-to-earnings ratio of 81.63, a PEG ratio of 3.60 and a beta of 0.57. Phillips Edison & Company, Inc. has a twelve month low of $30.62 and a twelve month high of $40.12. The stock has a fifty day simple moving average of $38.42 and a 200 day simple moving average of $36.16.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last issued its quarterly earnings results on Thursday, October 24th. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.52). The firm had revenue of $165.50 million for the quarter, compared to the consensus estimate of $157.20 million. Phillips Edison & Company, Inc. had a net margin of 9.03% and a return on equity of 2.22%. The business’s revenue was up 8.5% compared to the same quarter last year. During the same period last year, the company posted $0.58 EPS. Research 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 company 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 yield of 3.13%. This is a positive change from Phillips Edison & Company, Inc.’s previous dividend of $0.10. Phillips Edison & Company, Inc.’s dividend payout ratio is presently 267.39%.

About Phillips Edison & Company, Inc.

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.