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 EPS guidance of $2.52-2.59 for the period, compared to the consensus EPS estimate of $2.54. Phillips Edison & Company, Inc. also updated its FY24 guidance to $2.40-2.44 EPS.

Analyst Ratings Changes

PECO has been the subject of a number of research analyst reports. Compass Point increased their price target on shares of Phillips Edison & Company, Inc. from $36.00 to $37.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 10th. 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 report on Wednesday, November 13th. 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 company from $34.00 to $37.00 in a report on Wednesday, August 28th. Finally, Mizuho increased their price objective on Phillips Edison & Company, Inc. from $39.00 to $41.00 and gave the stock an “outperform” rating in a report on Tuesday, December 10th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Phillips Edison & Company, Inc. currently has an average rating of “Moderate Buy” and a consensus target price of $39.00.

Phillips Edison & Company, Inc. Trading Up 1.0 %

NASDAQ PECO traded up $0.38 during trading on Thursday, hitting $38.59. 21,369 shares of the company traded hands, compared to its average volume of 668,283. The company has a market capitalization of $4.73 billion, a P/E ratio of 83.89, a PEG ratio of 3.60 and a beta of 0.57. The business has a fifty day simple moving average of $38.39 and a 200 day simple moving average of $36.15. Phillips Edison & Company, Inc. has a 12 month low of $30.62 and a 12 month high of $40.12.

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

Phillips Edison & Company, Inc. Increases Dividend

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