|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||41.01 - 41.71|
|52 Week Range||29.05 - 43.67|
|Beta (3Y Monthly)||1.39|
|PE Ratio (TTM)||28.22|
|Earnings Date||Oct 28, 2019|
|Forward Dividend & Yield||0.85 (2.08%)|
|1y Target Est||38.47|
A planned expansion to the Philips Medical Systems MR Inc. manufacturing facility in Latham has received preliminary concept acceptance from a town planning board. The expansion is expected to create more than 90 jobs.
Let's talk about the popular Koninklijke Philips N.V. (AMS:PHIA). The company's shares saw a double-digit share price...
Rising healthcare spending by the Chinese government helped Dutch health technology company Philips post better-than-expected sales growth for the second quarter, putting its shares among the top performers in Europe on Monday. Philips, which sells products ranging from toothbrushes to medical imaging systems, said comparable sales had improved 6% in the second quarter. Philips shares rose 4% in the first hours of trading in Amsterdam, making them one of the top performers in the Stoxx600.
(Bloomberg) -- Royal Philips NV, the Dutch maker of goods ranging from medical scanners to electric toothbrushes, is shifting production to China and strengthening local supply chains as an antidote to the trade war with the U.S.With double-digit growth in China in the second quarter, the company can’t afford to miss out on state investment in the latest diagnostic equipment as well as orders from an emerging private health-care industry.Philips is bracing for an additional 20 million-euro ($22 million) burden when the next batch of announced tariffs come into force, spurring Chief Executive Officer Frans van Houten to redraw the company’s global footprint. The company had produced all its respiratory masks in China, for example, but will soon begin making them in the Americas as well. Likewise, it will produce more ultrasound equipment in China to meet demand there, sidestepping tariffs.“We are moving towards a regional manufacturing hub strategy as we manufacture in each of these large continents, making us more responsive than we might have been before,” Van Houten said in a Bloomberg Television interview.Van Houten is keen to contain the fallout from the trade war that’s hit a cross-section of industries from cars to chemicals. BASF SE’s profit warning earlier this month highlighted how intricate global supply chains are being disrupted. The Philips CEO signaled that the China-U.S. situation remains at the top of his concerns for this year, yet he still predicted a stronger second half.The Amsterdam-based company hit the top end of its sales growth target range of 6% in the second quarter, it said Monday, beating analysts’ estimates.The shares rose 5.5% to an 18-year high. They have climbed 33% this year, while rival Siemens Healthineers is little changed as it struggled with its blood-testing platform Atellica.Tariffs are affecting a broad range of Philips’ products that flow between China and the U.S., while factories and assembly lines must also contend with duties on many components, Van Houten said.The CEO is betting the trade workaround, investment in innovation and an efficiency drive will see the company through any economic slowdown. New products are reinvigorating Philips’s Personal Health unit, which makes electric toothbrushes, shavers and equipment to help with sleep and respiratory disorders. Sales at the segment grew by 5%.\--With assistance from Nejra Cehic and Manus Cranny.To contact the reporter on this story: Ellen Proper in Amsterdam at email@example.comTo contact the editors responsible for this story: Tara Patel at firstname.lastname@example.org, Andrew Noël, Frank ConnellyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
European shares ended flat on Monday as a summer lull hit trading volumes at the start of a pivotal week that will see the European Central Bank meet over monetary policy and a deluge of corporate earnings reports. Investors are gearing up for a showdown between Italy's coalition partners this week that could raise uncertainty about the future of the government. "Equity markets have fallen slightly in the past few days, more so in Italy than others, but in most cases they are still close to record highs.
Generally speaking the aim of active stock picking is to find companies that provide returns that are superior to the...
Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, today announced its U.S. Future Health Index (FHI) 2019 report, showing that while American healthcare professionals are among the leaders in leveraging digital health records1 (DHRs), the United States falls behind the 15-country average for most other digital technologies examined. Digital health technologies have the potential to reduce healthcare professional workload, curb healthcare professional burnout and enhance their satisfaction, yet many American healthcare professionals are not harnessing the full potential and support of digital health technology in all aspects of their work.
Looking for stocks with high upside potential? Just follow the big players within the hedge fund industry. Why should you do so? Let’s take a brief look at what statistics have to say about hedge funds’ stock picking abilities to illustrate. The Standard and Poor’s 500 Index returned approximately 12.1% in 2019 (through May 30th). Conversely, hedge […]
The Philips Hue light bulb lineup is often recognized as the best smart lighting you can buy for your house. But if you're new to the smart home game, there's one catch: you need a hub to set up and control everything, which means an extra up-front cost and additional complexity. As of today, though, things are getting simpler with the Philips Hue with Bluetooth lights. As the name suggests, these bulbs have Bluetooth built-in, which means you can set them up with a smartphone app, no hub needed.
AEX: PHIA), a global leader in health technology, to develop information solutions that improve the patient and clinician experience across the healthcare continuum. This development collaboration follows the participation of BioBright in the Philips HealthWorks Startup Program in Cambridge, MA. Today’s healthcare systems are focused on the quadruple aim: supporting population health in the communities they serve, reducing costs, and improving the patient and clinician experience.
Some have more dollars than sense, they say, so even companies that have no revenue, no profit, and a record of...
This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios...
Dutch health technology company Philips expects sales at its digital care business to grow this year as patients see the benefits of sharing more medical data with doctors, Chief Executive Frans van Houten told Reuters. Philips' connected care division offers platforms to remotely monitor patients and for doctors to share patient data. "We expect to see a positive trend in connected care this year, with sales growth picking up," Van Houten said in an interview.
STAMFORD, Conn., June 12, 2019 /PRNewswire/ -- Philips Norelco, a leader in male grooming technology, today announced a dynamic partnership with Barstool Sports, one of the country's fastest-growing sports and comedy media brands. Throughout the summer and fall, Philips Norelco will join Barstool Sports at some of America's biggest sporting events to give consumers the opportunity to try its portfolio of innovative shaving and grooming products for men first-hand. The partnership kicks off in June, with Philips Norelco's sponsorship of Barstool Breakfast Radio and Barstool's The Rundown, and culminates on Father's Day weekend at golf's third Major of the year and one of the most prestigious events on the tour calendar: the U.S. Open.
While some investors are already well versed in financial metrics (hat tip), this article is for those who would like...
Philips Hue might be one of the biggest names in smart home technology, but one product it has not yet managed to bring to market is a smart plug. That could be set to change, according to a report that details Hue products that could be announced this year.
Moody's Investors Service ("Moody's") today downgraded the corporate family rating (CFR) of Bright Bidco B.V. (BBBV, Lumileds) to B3 from B1 and the probability of default rating to B3-PD from B1-PD. Moody's also downgraded the ratings of the senior secured term loan B (TLB) and the $200 million senior secured revolving credit facility, both with BBBV as the borrower, to B3 from B1. Moody's downgraded the ratings following weak financial 2018 figures, resulting from headwinds in BBBV's core markets automotive and consumer LED.