Koninklijke Philips (PHG) Scheduled to Post Quarterly Earnings on Monday

Koninklijke Philips (NYSE:PHG) will announce its earnings results before the market opens on Monday, July 29th. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Koninklijke Philips (NYSE:PHG) last issued its earnings results on Monday, April 29th. The technology company reported $0.28 earnings per share for the quarter. Koninklijke Philips had a positive return on equity of 9.82% and a negative net margin of 4.41%. The business had revenue of $4.49 billion for the quarter. On average, analysts expect Koninklijke Philips to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Koninklijke Philips Price Performance

PHG stock opened at $25.76 on Friday. The company has a market cap of $24.21 billion, a PE ratio of -26.83, a price-to-earnings-growth ratio of 0.95 and a beta of 0.72. The company has a current ratio of 1.20, a quick ratio of 0.78 and a debt-to-equity ratio of 0.58. The stock has a 50-day moving average price of $26.26 and a two-hundred day moving average price of $23.45. Koninklijke Philips has a 12-month low of $17.75 and a 12-month high of $29.44.

Koninklijke Philips Cuts Dividend

The company also recently announced an annual dividend, which was paid on Thursday, May 9th. Stockholders of record on Friday, May 10th were issued a dividend of $0.9154 per share. This represents a dividend yield of 3.5%. The ex-dividend date of this dividend was Thursday, May 9th. Koninklijke Philips’s payout ratio is currently -95.83%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on PHG shares. UBS Group upgraded shares of Koninklijke Philips from a “sell” rating to a “neutral” rating in a report on Tuesday, April 30th. Sanford C. Bernstein raised shares of Koninklijke Philips from a “market perform” rating to an “outperform” rating in a research report on Monday, May 13th. BNP Paribas raised Koninklijke Philips from an “underperform” rating to a “neutral” rating in a research report on Tuesday, May 7th. JPMorgan Chase & Co. raised Koninklijke Philips from an “underweight” rating to a “neutral” rating in a research report on Tuesday, April 30th. Finally, StockNews.com upgraded Koninklijke Philips from a “hold” rating to a “buy” rating in a report on Monday, July 15th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

About Koninklijke Philips

Koninklijke Philips N.V. operates as a health technology company in North America, the Greater China, and internationally. The company operates through Diagnosis & Treatment Businesses, Connected Care Businesses, and Personal Health Businesses segments. It also provides diagnostic imaging solutions, includes magnetic resonance imaging, X-ray systems, and computed tomography (CT) systems and software comprising detector-based spectral CT solutions, as well as molecular and hybrid imaging solutions for nuclear medicine; echography solutions focused on diagnosis, treatment planning and guidance for cardiology, general imaging, obstetrics/gynecology, and point-of-care applications; integrated interventional systems, and interventional diagnostic and therapeutic devices to treat coronary artery and peripheral vascular disease.