Koninklijke Philips (PHG) To Go Ex-Dividend on May 13th

Koninklijke Philips (NYSE:PHG) declared an annual dividend on Monday, February 24th, Wall Street Journal reports. Shareholders of record on Tuesday, May 13th will be given a dividend of 0.886 per share by the technology company on Friday, June 6th. This represents a dividend yield of 2.9%. The ex-dividend date is Tuesday, May 13th.

Koninklijke Philips has a dividend payout ratio of 49.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Koninklijke Philips to earn $1.93 per share next year, which means the company should continue to be able to cover its $0.89 annual dividend with an expected future payout ratio of 46.1%.

Koninklijke Philips Stock Up 2.9 %

Shares of NYSE PHG opened at $26.74 on Wednesday. The firm has a market cap of $25.13 billion, a PE ratio of -31.83, a P/E/G ratio of 0.82 and a beta of 0.77. The company’s fifty day simple moving average is $26.29 and its 200 day simple moving average is $28.10. The company has a quick ratio of 0.74, a current ratio of 1.23 and a debt-to-equity ratio of 0.59. Koninklijke Philips has a 12-month low of $19.75 and a 12-month high of $32.91.

Koninklijke Philips (NYSE:PHG) last announced its quarterly earnings results on Wednesday, February 19th. The technology company reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.01). The business had revenue of $5.38 billion during the quarter, compared to the consensus estimate of $5.10 billion. Koninklijke Philips had a negative net margin of 3.88% and a positive return on equity of 10.85%. As a group, sell-side analysts forecast that Koninklijke Philips will post 1.63 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently issued reports on PHG. UBS Group raised Koninklijke Philips from a “neutral” rating to a “buy” rating in a research report on Thursday, February 20th. StockNews.com upgraded Koninklijke Philips from a “hold” rating to a “buy” rating in a research note on Thursday, February 20th. BNP Paribas upgraded shares of Koninklijke Philips from a “neutral” rating to an “outperform” rating in a report on Tuesday. Finally, Jefferies Financial Group raised shares of Koninklijke Philips from an “underperform” rating to a “hold” rating in a research report on Tuesday, October 29th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Koninklijke Philips Company Profile

Koninklijke Philips N.V. operates as a health technology company in North America, the Greater China, and internationally. The company operates through Diagnosis & Treatment Businesses, Connected Care Businesses, and Personal Health Businesses segments. It also provides diagnostic imaging solutions, includes magnetic resonance imaging, X-ray systems, and computed tomography (CT) systems and software comprising detector-based spectral CT solutions, as well as molecular and hybrid imaging solutions for nuclear medicine; echography solutions focused on diagnosis, treatment planning and guidance for cardiology, general imaging, obstetrics/gynecology, and point-of-care applications; integrated interventional systems, and interventional diagnostic and therapeutic devices to treat coronary artery and peripheral vascular disease.