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

Phillips Edison & Company, Inc. (NASDAQ:PECO) updated its FY25 earnings guidance on Thursday. 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 FY24 guidance to $2.40-2.44 EPS.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on PECO. Wolfe Research raised shares of Phillips Edison & Company, Inc. from a “peer perform” rating to an “outperform” rating and set a $44.00 target price on the stock in a report on Wednesday, November 13th. Mizuho raised 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. Compass Point upped their target price on Phillips Edison & Company, Inc. from $36.00 to $37.00 and gave the company a “neutral” rating in a research report on Tuesday, September 10th. Finally, Wells Fargo & Company raised Phillips Edison & Company, Inc. from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $34.00 to $37.00 in a report on Wednesday, August 28th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Phillips Edison & Company, Inc. currently has a consensus rating of “Moderate Buy” and an average target price of $39.00.

Phillips Edison & Company, Inc. Price Performance

Shares of NASDAQ:PECO opened at $38.21 on Thursday. Phillips Edison & Company, Inc. has a 1 year low of $30.62 and a 1 year high of $40.12. The stock has a market capitalization of $4.68 billion, a price-to-earnings ratio of 83.07, a price-to-earnings-growth ratio of 3.60 and a beta of 0.57. The company’s 50 day simple moving average is $38.39 and its 200 day simple moving average is $36.15.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last issued its quarterly earnings results on Thursday, October 24th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $165.50 million during the quarter, compared to the consensus estimate of $157.20 million. During the same quarter in the previous year, the business posted $0.58 EPS. The company’s revenue for the quarter was up 8.5% on a year-over-year basis. As a group, analysts anticipate that Phillips Edison & Company, Inc. will post 2.42 EPS for the current fiscal year.

Phillips Edison & Company, Inc. Increases Dividend

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