Kyocera (KYOCY) to Release Earnings on Wednesday

Key Points

• Kyocera is set to release its earnings report on Wednesday, October 29th, with analysts predicting earnings of $0.07 per share for the quarter.
• In its last earnings announcement, Kyocera beat estimates with $0.18 earnings per share, but reported revenues of $3.21 billion, below the expected $3.30 billion.
• Analysts have recently downgraded Kyocera's rating from "strong-buy" to "hold", indicating a more cautious outlook on the stock.

Kyocera (OTCMKTS:KYOCY - Get Free Report) is anticipated to release its results before the market opens on Wednesday, October 29th. Analysts expect Kyocera to post earnings of $0.07 per share for the quarter.

Kyocera (OTCMKTS:KYOCY - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.05. The firm had revenue of $3.21 billion during the quarter, compared to analysts' expectations of $3.30 billion. Kyocera had a return on equity of 0.79% and a net margin of 1.30%. On average, analysts expect Kyocera to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Kyocera Price Performance

Shares of OTCMKTS KYOCY opened at $13.72 on Wednesday. The stock has a market capitalization of $19.33 billion, a PE ratio of 105.54 and a beta of 0.33. The company has a debt-to-equity ratio of 0.06, a current ratio of 3.10 and a quick ratio of 2.11. The business has a fifty day moving average price of $13.50 and a two-hundred day moving average price of $12.36. Kyocera has a fifty-two week low of $9.21 and a fifty-two week high of $14.24.

Analyst Ratings Changes

Separately, Zacks Research cut Kyocera from a "strong-buy" rating to a "hold" rating in a report on Friday, October 17th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the company currently has a consensus rating of "Hold".

About Kyocera

Kyocera Corporation develops, produces, and distributes products based on fine ceramic technologies in Japan, rest of Asia, Europe, the United States, and internationally. It operates through Core Components Business, Electronic Components Business, and Solutions Business segments. The Core Components Business segment offers components, such as fine ceramic components for semiconductor processing equipment, automotive camera modules, and ceramic packages, as well as organic packages and boards to protect electronic components and ICs to industrial machinery, automotive-related, and the information and communication-related markets; optical components, and jewelry and applied ceramic related products; and medical devices comprising prosthetic joints and dental implants.

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