Koninklijke Philips N.V. (PHG) Earns News Sentiment Score of 0.12
Media coverage about Koninklijke Philips N.V. (NYSE:PHG) has been trending somewhat positive on Tuesday, Accern reports. Accern rates the sentiment of press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Koninklijke Philips N.V. earned a news impact score of 0.12 on Accern’s scale. Accern also assigned news stories about the technology company an impact score of 45.8912411481538 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the media headlines that may have effected Accern’s rankings:
- Shares of Koninklijke Philips NV (PHG) are worth at $41.42 – Wall Street Morning (wallstreetmorning.com)
- Emphasize Move in Focus After Ratio Analysis: Koninklijke Philips NV (NYSE:PHG), Nucor Corporation (NYSE:NUE) – Investing News Update (investingbizz.com)
- Here’s What Short-Term Traders Should Know – Koninklijke Philips NV (NYSE:PHG) – Alpha Beta Stock (press release) (alphabetastock.com)
- Philips showcases dedicated radiation oncology innovations at ASTRO 2017 to speed treatment planning and improve patient experience (finance.yahoo.com)
- Master Your Shave With Philips Norelco (finance.yahoo.com)
Shares of Koninklijke Philips N.V. (NYSE:PHG) opened at 41.435 on Tuesday. The firm’s 50-day moving average is $38.67 and its 200-day moving average is $35.59. Koninklijke Philips N.V. has a 12-month low of $28.19 and a 12-month high of $42.09. The firm has a market capitalization of $38.83 billion, a price-to-earnings ratio of 21.923 and a beta of 1.34.
Koninklijke Philips N.V. (NYSE:PHG) last released its quarterly earnings data on Monday, July 24th. The technology company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.18). Koninklijke Philips N.V. had a return on equity of 8.92% and a net margin of 6.39%. The business had revenue of $4.29 billion for the quarter, compared to analysts’ expectations of $4.38 billion. During the same quarter in the prior year, the firm earned $0.46 earnings per share. Koninklijke Philips N.V.’s quarterly revenue was up 3.9% compared to the same quarter last year. Equities research analysts forecast that Koninklijke Philips N.V. will post $1.95 EPS for the current fiscal year.
Koninklijke Philips N.V. declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, June 28th that permits the company to repurchase shares. This repurchase authorization permits the technology company to repurchase up to 4.5% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.
A number of equities research analysts have issued reports on the stock. BidaskClub lowered shares of Koninklijke Philips N.V. from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. J P Morgan Chase & Co reiterated a “buy” rating on shares of Koninklijke Philips N.V. in a report on Monday, July 24th. Zacks Investment Research upgraded shares of Koninklijke Philips N.V. from a “sell” rating to a “hold” rating in a report on Friday, July 28th. Deutsche Bank AG lowered shares of Koninklijke Philips N.V. from a “buy” rating to a “hold” rating in a report on Tuesday, June 20th. Finally, Natixis lowered shares of Koninklijke Philips N.V. from a “buy” rating to a “neutral” rating in a report on Wednesday, June 21st. Five analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $37.00.
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About Koninklijke Philips N.V.
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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