Koninklijke Philips N.V. (NYSE:PHG) released its quarterly earnings data on Monday, July 24th. The technology company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by $0.18, Morningstar.com reports. Koninklijke Philips N.V. had a net margin of 6.39% and a return on equity of 8.92%. The business had revenue of $4.29 billion during the quarter, compared to the consensus estimate of $4.38 billion. During the same period last year, the business posted $0.46 earnings per share. The firm’s quarterly revenue was up 3.9% on a year-over-year basis.

Shares of Koninklijke Philips N.V. (PHG) traded down 0.67% during mid-day trading on Friday, reaching $37.12. 636,126 shares of the company’s stock traded hands. Koninklijke Philips N.V. has a 12-month low of $28.19 and a 12-month high of $38.61. The firm’s 50 day moving average price is $37.05 and its 200-day moving average price is $34.04. The stock has a market cap of $34.78 billion, a price-to-earnings ratio of 20.08 and a beta of 1.34.

A number of research analysts have weighed in on the stock. Zacks Investment Research raised shares of Koninklijke Philips N.V. from a “sell” rating to a “hold” rating in a research note on Friday, July 28th. BidaskClub lowered shares of Koninklijke Philips N.V. from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. J P Morgan Chase & Co reissued a “buy” rating on shares of Koninklijke Philips N.V. in a research report on Monday, July 24th. Canaccord Genuity reissued a “buy” rating and set a $37.00 price target on shares of Koninklijke Philips N.V. in a research report on Monday, July 3rd. Finally, Natixis lowered shares of Koninklijke Philips N.V. from a “buy” rating to a “neutral” rating in a research report on Wednesday, June 21st. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $35.67.

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Institutional investors have recently bought and sold shares of the stock. Manning & Napier Advisors LLC boosted its position in Koninklijke Philips N.V. by 14.4% in the first quarter. Manning & Napier Advisors LLC now owns 79,698 shares of the technology company’s stock valued at $2,559,000 after buying an additional 10,027 shares in the last quarter. Fulton Bank N.A. bought a new position in Koninklijke Philips N.V. during the first quarter valued at about $260,000. Raymond James Trust N.A. boosted its position in Koninklijke Philips N.V. by 11.3% in the first quarter. Raymond James Trust N.A. now owns 9,518 shares of the technology company’s stock valued at $306,000 after buying an additional 966 shares in the last quarter. Highland Capital Management LLC boosted its position in Koninklijke Philips N.V. by 12.2% in the first quarter. Highland Capital Management LLC now owns 92,455 shares of the technology company’s stock valued at $2,969,000 after buying an additional 10,050 shares in the last quarter. Finally, Bank of Montreal Can boosted its position in Koninklijke Philips N.V. by 34.2% in the first quarter. Bank of Montreal Can now owns 41,742 shares of the technology company’s stock valued at $1,341,000 after buying an additional 10,637 shares in the last quarter. Institutional investors and hedge funds own 7.02% of the company’s stock.

Koninklijke Philips N.V. announced that its Board of Directors has approved a stock repurchase program on Wednesday, June 28th that authorizes the company to repurchase outstanding shares. This repurchase authorization authorizes the technology company to reacquire up to 4.5% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

About Koninklijke Philips N.V.

Koninklijke Philips N.V. is a health technology company. The Company’s segments include Personal Health businesses, Diagnosis & Treatment businesses, Connected Care & Health Informatics businesses, and Lighting. The Company’s Personal Health businesses segment is engaged in the health continuum, delivering integrated, connected solutions that support healthier lifestyles and those living with chronic disease.

Earnings History for Koninklijke Philips N.V. (NYSE:PHG)

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