Koninklijke Philips - PHG Stock Forecast, Price & News

13 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Koninklijke Philips in the last year. There are currently 3 sell ratings, 8 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" PHG shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PHG, but not buy additional shares or sell existing shares.
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13 equities research analysts have issued twelve-month price targets for Koninklijke Philips' stock. Their PHG share price forecasts range from $10.90 to $31.00. On average, they expect the company's share price to reach $19.00 in the next twelve months. This suggests a possible upside of 30.9% from the stock's current price.
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Koninklijke Philips' stock was trading at $36.85 at the beginning of the year. Since then, PHG shares have decreased by 60.6% and is now trading at $14.52.
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The company is scheduled to release its next quarterly earnings announcement on Monday, January 23rd 2023.
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Koninklijke Philips (NYSE:PHG) announced its quarterly earnings results on Monday, October, 24th. The technology company reported $0.25 earnings per share for the quarter, missing analysts' consensus estimates of $0.27 by $0.02. The technology company had revenue of $4.31 billion for the quarter, compared to analysts' expectations of $4.36 billion. Koninklijke Philips had a negative net margin of 6.09% and a positive trailing twelve-month return on equity of 7.50%. The business's quarterly revenue was up 3.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.47 earnings per share.

Koninklijke Philips announced an annual dividend on Tuesday, January 25th. Investors of record on Friday, May 13th will be given a dividend of $0.9641 per share on Wednesday, June 8th. This represents a dividend yield of 2.7%. The ex-dividend date is Thursday, May 12th.
Read our dividend analysis for PHG.

Koninklijke Philips (NYSE:PHG) pays an annual dividend of $0.78 per share and currently has a dividend yield of 5.25%. PHG has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
Read our dividend analysis for PHG.

Koninklijke Philips issued an update on its third quarter 2022 earnings guidance on Wednesday, November, 2nd. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $4.58 billion-$4.58 billion.

209 employees have rated Koninklijke Philips Chief Executive Officer Vitor Rocha on Glassdoor.com. Vitor Rocha has an approval rating of 90% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Koninklijke Philips investors own include Cisco Systems (CSCO), Raytheon Technologies (RTX), General Electric (GE), NVIDIA (NVDA), Advanced Micro Devices (AMD), Bank of America (BAC), Micron Technology (MU), QUALCOMM (QCOM), Ingles Markets (IMKTA) and AT&T (T).

Koninklijke Philips trades on the New York Stock Exchange (NYSE) under the ticker symbol "PHG."

Koninklijke Philips' stock is owned by many different institutional and retail investors. Top institutional shareholders include Fiduciary Management Inc. WI (0.77%), BlackRock Inc. (0.63%), Alliancebernstein L.P. (0.33%), Thompson Siegel & Walmsley LLC (0.28%), Pendal Group Ltd (0.22%) and Dimensional Fund Advisors LP (0.20%).
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Shares of PHG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of PHG stock can currently be purchased for approximately $14.52.

Koninklijke Philips (NYSE:PHG) has a market capitalization of $12.91 billion and generates $20.30 billion in revenue each year. The technology company earns $3.93 billion in net income (profit) each year or ($1.27) on an earnings per share basis.

The company employs 78,189 workers across the globe.

Koninklijke Philips' mailing address is PHILIPS CENTER AMSTELPLEIN 2, AMSTERDAM P7, 1096 BC. The official website for the company is www.philips.com. The technology company can be reached via phone at (120) 597-7777 or via email at investor.relations@philips.com.