Koninklijke Philips (NYSE:PHG) Issues Quarterly Earnings Results

Koninklijke Philips (NYSE:PHG) released its quarterly earnings data on Monday, July 27th. The technology company reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.17, Zacks reports. The business had revenue of $4.98 billion for the quarter, compared to the consensus estimate of $4.91 billion. Koninklijke Philips had a return on equity of 14.38% and a net margin of 6.30%.The company’s revenue was down 3.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.27 EPS.

Koninklijke Philips Trading Down 0.6%

Shares of PHG stock traded down $0.16 on Friday, reaching $25.89. 455,427 shares of the company’s stock were exchanged, compared to its average volume of 729,992. The company’s fifty day simple moving average is $26.86 and its 200 day simple moving average is $27.43. Koninklijke Philips has a 52 week low of $23.85 and a 52 week high of $33.44. The company has a current ratio of 1.26, a quick ratio of 0.82 and a debt-to-equity ratio of 0.55. The stock has a market capitalization of $25.45 billion, a PE ratio of 19.08, a P/E/G ratio of 10.81 and a beta of 0.76.

Analyst Upgrades and Downgrades

PHG has been the subject of a number of recent research reports. Weiss Ratings raised shares of Koninklijke Philips from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, August 4th. UBS Group restated a “neutral” rating on shares of Koninklijke Philips in a research report on Monday, August 3rd. Finally, Zacks Research raised shares of Koninklijke Philips from a “strong sell” rating to a “hold” rating in a report on Thursday, August 13th. Five research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Institutional Trading of Koninklijke Philips

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Morgan Stanley raised its holdings in shares of Koninklijke Philips by 11.0% in the fourth quarter. Morgan Stanley now owns 2,841,880 shares of the technology company’s stock valued at $76,958,000 after acquiring an additional 282,661 shares in the last quarter. Moore Capital Management LP bought a new position in Koninklijke Philips during the 4th quarter worth about $5,727,000. Morningstar Investment Management LLC bought a new position in Koninklijke Philips during the 3rd quarter worth about $5,434,000. Tower Research Capital LLC TRC increased its position in Koninklijke Philips by 435.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 225,616 shares of the technology company’s stock valued at $5,410,000 after purchasing an additional 183,444 shares during the period. Finally, Millennium Management LLC increased its position in Koninklijke Philips by 98.1% during the 3rd quarter. Millennium Management LLC now owns 340,340 shares of the technology company’s stock valued at $9,278,000 after purchasing an additional 168,514 shares during the period. Hedge funds and other institutional investors own 13.67% of the company’s stock.

Koninklijke Philips Company Profile

Koninklijke Philips N.V. (NYSE: PHG), commonly known as Philips, is a Dutch multinational company focused on health technology. Founded in Eindhoven in 1891, the company evolved from a diversified electronics manufacturer into a specialist in healthcare products, systems and services. Philips is legally registered in the Netherlands and operates globally, supplying equipment and solutions to hospitals, clinics, healthcare providers and consumers across Europe, the Americas and Asia.

Philips’ principal activities center on medical technologies and personal health.