Koninklijke Philips NV (NYSE:PHG) declared an annual dividend on Monday, May 18th, Wall Street Journal reports. Investors of record on Wednesday, July 1st will be given a dividend of 0.9612 per share by the technology company on Tuesday, July 7th. This represents a yield of 2.1%. The ex-dividend date is Tuesday, June 30th. This is a positive change from Koninklijke Philips’s previous annual dividend of $0.94.
Koninklijke Philips has a dividend payout ratio of 41.4% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Koninklijke Philips to earn $2.42 per share next year, which means the company should continue to be able to cover its $0.82 annual dividend with an expected future payout ratio of 33.9%.
NYSE:PHG opened at $46.69 on Monday. Koninklijke Philips has a 52 week low of $30.50 and a 52 week high of $50.78. The firm has a market cap of $41.60 billion, a price-to-earnings ratio of 36.19, a P/E/G ratio of 2.29 and a beta of 1.03. The firm’s 50-day simple moving average is $44.89 and its 200 day simple moving average is $44.66. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.96 and a current ratio of 1.36.
Koninklijke Philips (NYSE:PHG) last released its quarterly earnings results on Monday, April 20th. The technology company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.01. Koninklijke Philips had a net margin of 5.36% and a return on equity of 14.00%. The business had revenue of $4.16 billion for the quarter, compared to analyst estimates of $4.26 billion. During the same period last year, the firm earned $0.29 earnings per share. Koninklijke Philips’s revenue for the quarter was down 1.0% compared to the same quarter last year. Sell-side analysts anticipate that Koninklijke Philips will post 2.1 EPS for the current year.
A number of equities analysts recently commented on PHG shares. Zacks Investment Research raised shares of Koninklijke Philips from a “sell” rating to a “hold” rating and set a $48.00 price target on the stock in a research report on Monday, June 1st. DZ Bank reissued a “buy” rating on shares of Koninklijke Philips in a report on Monday, March 23rd. ValuEngine raised shares of Koninklijke Philips from a “sell” rating to a “hold” rating in a report on Friday, March 13th. UBS Group reissued a “buy” rating on shares of Koninklijke Philips in a report on Monday, March 23rd. Finally, Barclays reissued an “overweight” rating on shares of Koninklijke Philips in a report on Monday, June 22nd. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Koninklijke Philips currently has a consensus rating of “Buy” and an average target price of $49.50.
Koninklijke Philips Company Profile
Koninklijke Philips N.V. operates as a health technology company worldwide. It operates through Diagnosis & Treatment, Connected Care & Health Informatics, and Personal Health segments. The company offers mother, child care, and oral healthcare products; male grooming and beauty products; food preparation and home care products; and sleep and respiratory care.
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