Eastman Kodak (NYSE:KODK – Get Free Report) issued its earnings results on Tuesday. The technology company reported $0.18 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.02, FiscalAI reports. Eastman Kodak had a negative return on equity of 14.47% and a negative net margin of 8.28%. The firm had revenue of $276.00 million for the quarter, compared to analyst estimates of $294.00 million.
Eastman Kodak Price Performance
Shares of KODK stock traded down $0.14 during mid-day trading on Tuesday, hitting $8.64. 1,823,860 shares of the stock were exchanged, compared to its average volume of 998,306. The company has a quick ratio of 1.95, a current ratio of 2.91 and a debt-to-equity ratio of 0.17. Eastman Kodak has a 52-week low of $5.78 and a 52-week high of $14.87. The firm has a fifty day moving average of $9.34 and a 200 day moving average of $9.23. The company has a market cap of $846.43 million, a PE ratio of -6.22, a price-to-earnings-growth ratio of 0.65 and a beta of 1.57.
Analyst Ratings Changes
A number of analysts have recently weighed in on KODK shares. Wall Street Zen upgraded shares of Eastman Kodak from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Zacks Research upgraded Eastman Kodak to a “hold” rating in a research note on Thursday, September 17th. Finally, Weiss Ratings raised Eastman Kodak from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, August 11th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Eastman Kodak has an average rating of “Reduce”.
View Our Latest Stock Analysis on KODK
Eastman Kodak Company Profile
Eastman Kodak Company is a technology and manufacturing company based in Rochester, New York. It provides commercial printing, packaging, publishing and graphic communications solutions, including digital printing equipment, workflow software, consumables and related services. Kodak also develops advanced materials and chemical products used in specialized industrial and commercial applications.
The company serves customers in the commercial print, packaging, publishing, entertainment and manufacturing industries.
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