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

Phillips Edison & Company, Inc. (NASDAQ:PECO) issued an update on its FY 2025 earnings guidance on Thursday morning. The company provided EPS guidance of 0.540-0.590 for the period, compared to the consensus EPS 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. Trading Up 0.1 %

NASDAQ PECO traded up $0.04 during trading hours on Thursday, reaching $38.25. The company had a trading volume of 103,063 shares, compared to its average volume of 668,429. The stock has a market capitalization of $4.69 billion, a P/E ratio of 83.15, a price-to-earnings-growth ratio of 3.60 and a beta of 0.57. The stock has a 50-day moving average of $38.39 and a 200 day moving average of $36.15. Phillips Edison & Company, Inc. has a 1-year low of $30.62 and a 1-year high of $40.12.

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

Phillips Edison & Company, Inc. Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, January 3rd. Stockholders of record on Tuesday, December 17th will be given a dividend of $0.1025 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a dividend 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 currently 267.39%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on PECO. Wolfe Research upgraded 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 report on Wednesday, November 13th. Mizuho upped their target price on shares of 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 target for the stock from $34.00 to $37.00 in a report on Wednesday, August 28th. Finally, Compass Point raised their price objective on shares of Phillips Edison & Company, Inc. from $36.00 to $37.00 and gave the company a “neutral” rating in a report on Tuesday, September 10th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $39.00.

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.