Koninklijke Philips N.V. (NYSE:PHG) – Stock analysts at Jefferies Group upped their FY2017 EPS estimates for Koninklijke Philips N.V. in a research note issued on Thursday. Jefferies Group analyst P. Reilly now forecasts that the technology company will post earnings of $1.36 per share for the year, up from their prior estimate of $1.23. Jefferies Group also issued estimates for Koninklijke Philips N.V.’s FY2019 earnings at $1.93 EPS.

A number of other equities research analysts have also issued reports on PHG. Zacks Investment Research lowered shares of Koninklijke Philips N.V. from a “hold” rating to a “sell” rating in a report on Monday, April 10th. Societe Generale lowered shares of Koninklijke Philips N.V. from a “buy” rating to a “hold” rating in a report on Tuesday, April 25th. 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. Natixis lowered shares of Koninklijke Philips N.V. from a “buy” rating to a “neutral” rating in a research note on Wednesday, June 21st. Finally, Canaccord Genuity reaffirmed a “buy” rating and set a $37.00 target price on shares of Koninklijke Philips N.V. in a research note on Monday, July 3rd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $35.67.

TRADEMARK VIOLATION WARNING: “Jefferies Group Weighs in on Koninklijke Philips N.V.’s FY2017 Earnings (PHG)” was originally published by American Banking News and is the property of of American Banking News. If you are reading this news story on another site, it was stolen and republished in violation of US and international copyright & trademark laws. The correct version of this news story can be viewed at https://www.americanbankingnews.com/2017/07/28/jefferies-group-weighs-in-on-koninklijke-philips-n-v-s-fy2017-earnings-phg.html.

Shares of Koninklijke Philips N.V. (NYSE PHG) traded down 0.26% during mid-day trading on Friday, reaching $37.92. 942,010 shares of the company’s stock were exchanged. Koninklijke Philips N.V. has a one year low of $26.04 and a one year high of $38.45. The company has a 50 day moving average price of $36.40 and a 200-day moving average price of $33.19. The stock has a market cap of $34.90 billion, a PE ratio of 18.62 and a beta of 1.34.

Koninklijke Philips N.V. (NYSE:PHG) last issued its quarterly earnings results on Monday, July 24th. The technology company reported $0.20 EPS for the quarter, missing the Zacks’ consensus estimate of $0.38 by $0.18. The firm had revenue of $4.29 billion for the quarter, compared to the consensus estimate of $4.38 billion. Koninklijke Philips N.V. had a net margin of 6.39% and a return on equity of 8.92%. The business’s revenue was up 3.9% compared to the same quarter last year. During the same period last year, the company posted $0.46 EPS.

Several large investors have recently made changes to their positions in the stock. Hotchkis & Wiley Capital Management LLC raised its stake in shares of Koninklijke Philips N.V. by 70.2% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 15,314,410 shares of the technology company’s stock worth $491,746,000 after buying an additional 6,315,088 shares during the last quarter. Boston Partners raised its stake in shares of Koninklijke Philips N.V. by 17.5% in the first quarter. Boston Partners now owns 11,945,897 shares of the technology company’s stock worth $383,583,000 after buying an additional 1,775,688 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of Koninklijke Philips N.V. by 64.7% in the first quarter. Wells Fargo & Company MN now owns 3,124,586 shares of the technology company’s stock worth $100,330,000 after buying an additional 1,227,929 shares during the last quarter. Becker Capital Management Inc. raised its stake in shares of Koninklijke Philips N.V. by 3.2% in the first quarter. Becker Capital Management Inc. now owns 864,349 shares of the technology company’s stock worth $27,754,000 after buying an additional 26,645 shares during the last quarter. Finally, Renaissance Technologies LLC raised its stake in shares of Koninklijke Philips N.V. by 6.0% in the first quarter. Renaissance Technologies LLC now owns 821,314 shares of the technology company’s stock worth $26,385,000 after buying an additional 46,473 shares during the last quarter. 7.20% of the stock is currently owned by hedge funds and other institutional investors.

Koninklijke Philips N.V. announced that its Board of Directors has authorized a share repurchase plan on Wednesday, June 28th that authorizes the company to buyback outstanding shares. This buyback authorization authorizes the technology company to reacquire up to 4.5% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s management 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.

Receive News & Ratings for Koninklijke Philips N.V. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Koninklijke Philips N.V. and related companies with MarketBeat.com's FREE daily email newsletter.