Phillips Edison & Company, Inc. (NASDAQ:PECO) Issues 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.

Analyst Upgrades and Downgrades

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

Phillips Edison & Company, Inc. Stock Performance

Shares of Phillips Edison & Company, Inc. stock opened at $38.10 on Friday. Phillips Edison & Company, Inc. has a one year low of $30.62 and a one year high of $40.12. The company has a market cap of $4.67 billion, a P/E ratio of 82.83, a PEG ratio of 3.60 and a beta of 0.57. The firm has a fifty day moving average of $38.46 and a two-hundred day moving average of $36.20.

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

Phillips Edison & Company, Inc. Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, January 3rd. Investors of record on Tuesday, December 17th will be paid a $0.1025 dividend. The ex-dividend date is Monday, December 16th. This is an increase from Phillips Edison & Company, Inc.’s previous dividend of $0.10. This represents a dividend yield of 3.13%. Phillips Edison & Company, Inc.’s payout ratio is 267.39%.

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.