News headlines about Koninklijke Philips (NYSE:PHG) have been trending somewhat positive this week, Accern reports. The research firm identifies negative and positive press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Koninklijke Philips earned a news impact score of 0.24 on Accern’s scale. Accern also gave news coverage about the technology company an impact score of 45.8553195959344 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the news articles that may have effected Accern’s rankings:
- Philips releases outdoor connected Hue lighting (yahoo.com)
- Koninklijke Philips NV (PHG) – Tracking the Technical Picture – Wall Street Morning (wallstreetmorning.com)
- Is Koninklijke Philips NV.’s (AMS:PHIA) PE Ratio A Signal To Sell For Investors? (finance.yahoo.com)
- Koninklijke Philips (PHG) Cut to Sell at Zacks Investment Research (americanbankingnews.com)
- Philips Collaborates on Program for Medication Adherence (finance.yahoo.com)
PHG has been the subject of a number of research analyst reports. ValuEngine downgraded shares of Koninklijke Philips from a “buy” rating to a “hold” rating in a research report on Wednesday, March 7th. Zacks Investment Research upgraded shares of Koninklijke Philips from a “hold” rating to a “buy” rating and set a $44.00 price target on the stock in a research note on Thursday, January 11th. Finally, Berenberg Bank upgraded shares of Koninklijke Philips from a “hold” rating to a “buy” rating in a research note on Monday, February 12th. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company. Koninklijke Philips has a consensus rating of “Hold” and a consensus target price of $40.50.
Koninklijke Philips (NYSE:PHG) last announced its quarterly earnings results on Tuesday, January 30th. The technology company reported $0.59 EPS for the quarter, hitting the consensus estimate of $0.59. The business had revenue of $5.30 billion for the quarter, compared to analysts’ expectations of $5.42 billion. Koninklijke Philips had a net margin of 8.68% and a return on equity of 6.93%. The business’s quarterly revenue was down 26.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.67 EPS. equities research analysts anticipate that Koninklijke Philips will post 2.32 EPS for the current year.
The business also recently declared an annual dividend, which will be paid on Wednesday, June 6th. Shareholders of record on Tuesday, May 8th will be paid a $0.9917 dividend. The ex-dividend date of this dividend is Monday, May 7th. This represents a yield of 2.43%. This is a boost from Koninklijke Philips’s previous annual dividend of $0.86. Koninklijke Philips’s payout ratio is presently 68.87%.
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About Koninklijke Philips
Koninklijke Philips N.V. is the Netherlands-based health technology company. The Company’s segments include Personal Health businesses, Diagnosis & Treatment businesses, Connected Care & Health Informatics businesses, HealthTech Other and Legacy Items. The Personal Health businesses segment is engaged in the health continuum, delivering integrated, connected solutions that support healthier lifestyles and those living with chronic disease.
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