For anyone using Laravel (which uses substantial parts of the Symfony framework) the answer is undoubtedly yes. I have an easy to install, excellently documented framework with lots of features out of the box. It's on par with Rails (largely because founder Taylor Otwell takes the Rails as part inspiration).
Package management: Composer packages through packagist are readily available. All of AWS covered, most major SaaS companies (HubSpot, Pipedrive etc) have SDKs for PHP. Admittedly some packages are of poor quality or lacking in updates... but I don't think that's a language specific issue.
Testing: PHPUnit is the major one, but there are others with their own strengths. Writing tested code is becoming more commonplace, with Laravel having tests and many packages doing the same.
Performance: speed was roughly doubled and memory consumption halved between 5.6 and 7.0, each 7.x release has improved by 5 to 10% depending on benchmark.
Standards: PHP-FIG covers coding standards, auto-loading, caching, phpdoc and logging interfaces and more.
IDE Support: PHPStorm, VS Code, Sublime Text etc, all have excellent PHP syntax support
HOWEVER: I will admit that the language is still a bit of a mess - inconsistent function names being the worst of them. Recent versions have removed/deprecated some inconsistencies in syntax declarations, it's not a quick fix, but I hope they will get there one day.
I don't see PHP going away any time soon, I think it could grow further.