Eastman Kodak (NYSE:KODK) Releases Earnings Results

Key Points

• Eastman Kodak reported an earnings per share (EPS) of ($0.30) for the latest quarter, showcasing a net margin of 6.05% and a return on equity of 8.01%.
• The company's stock price fell by $0.25 to $6.80, with a market capitalization of $548.83 million and a PE ratio of 13.87.
• Wall Street Zen downgraded Kodak from a "hold" to a "sell" rating, indicating a shift in analyst sentiment towards the company's stock.

Eastman Kodak (NYSE:KODK - Get Free Report) issued its earnings results on Monday. The technology company reported ($0.30) EPS for the quarter, Zacks reports. Eastman Kodak had a net margin of 6.05% and a return on equity of 8.01%.

Eastman Kodak Price Performance

Eastman Kodak stock traded down $0.25 during mid-day trading on Monday, hitting $6.80. 1,859,228 shares of the company were exchanged, compared to its average volume of 1,250,322. The company has a quick ratio of 1.31, a current ratio of 2.21 and a debt-to-equity ratio of 0.84. The business has a fifty day moving average of $6.29 and a 200 day moving average of $6.46. Eastman Kodak has a 1-year low of $4.26 and a 1-year high of $8.24. The company has a market capitalization of $548.83 million, a PE ratio of 13.87 and a beta of 0.90.

Analyst Ratings Changes

Separately, Wall Street Zen lowered Eastman Kodak from a "hold" rating to a "sell" rating in a research note on Monday, May 12th.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Creative Planning increased its stake in shares of Eastman Kodak by 3.4% in the second quarter. Creative Planning now owns 52,090 shares of the technology company's stock valued at $294,000 after buying an additional 1,726 shares in the last quarter. Empowered Funds LLC increased its stake in shares of Eastman Kodak by 4.2% in the first quarter. Empowered Funds LLC now owns 435,379 shares of the technology company's stock valued at $2,752,000 after buying an additional 17,621 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Eastman Kodak by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,992 shares of the technology company's stock valued at $227,000 after buying an additional 1,566 shares in the last quarter. Finally, AQR Capital Management LLC increased its stake in shares of Eastman Kodak by 8.1% in the first quarter. AQR Capital Management LLC now owns 175,313 shares of the technology company's stock valued at $1,108,000 after buying an additional 13,129 shares in the last quarter. 33.65% of the stock is currently owned by institutional investors and hedge funds.

Eastman Kodak Company Profile

Eastman Kodak Company engages in the provision of hardware, software, consumables, and services to customers in the commercial print, packaging, publishing, manufacturing, and entertainment markets worldwide. The company operates through three segments: Print, Advanced Materials and Chemicals, and Brand.

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