Eastman Kodak (NYSE:KODK) Issues Earnings Results, Beats Expectations By $0.02 EPS

Key Points

• Eastman Kodak reported quarterly EPS of $0.18, beating analysts’ $0.16 estimate by $0.02.
• Revenue was $276 million, below the $294 million consensus. The company also reported a negative net margin of 8.28% and negative return on equity of 14.47%.
• Kodak shares fell $0.14 to $8.64 in midday trading. Analysts’ consensus rating was “Reduce.”

Eastman Kodak (NYSE:KODK - Get Free Report) issued its earnings results on Tuesday. The technology company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.02, FiscalAI reports. Eastman Kodak had a negative net margin of 8.28% and a negative return on equity of 14.47%. The company had revenue of $276.00 million for the quarter, compared to analysts' expectations of $294.00 million.

Eastman Kodak Stock Performance

Shares of Eastman Kodak stock traded down $0.14 during midday trading on Tuesday, hitting $8.64. The company had a trading volume of 1,823,860 shares, 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 12-month low of $5.78 and a 12-month high of $14.87. The stock has a market cap of $846.43 million, a price-to-earnings ratio of -6.22, a PEG ratio of 0.65 and a beta of 1.57. The company has a fifty day simple moving average of $9.34 and a 200 day simple moving average of $9.23.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on KODK. Zacks Research upgraded Eastman Kodak to a "hold" rating in a report on Thursday, September 17th. Wall Street Zen upgraded Eastman Kodak from a "hold" rating to a "buy" rating in a report on Saturday, August 8th. Finally, Weiss Ratings raised Eastman Kodak from a "sell (d)" rating to a "sell (d+)" rating in a research report on Tuesday, August 11th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Eastman Kodak has a consensus rating of "Reduce".

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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