Kyocera (OTCMKTS:KYOCY) Releases Earnings Results, Beats Estimates By $0.05 EPS

Key Points

• Kyocera (OTCMKTS:KYOCY) reported an earnings per share (EPS) of $0.18 for the quarter, surpassing the consensus estimate of $0.13 by $0.05.
• The company's stock increased by 5.8% during trading, closing at $11.77 with a market cap of $16.58 billion.
• Wall Street Zen upgraded Kyocera from a "sell" rating to a "hold" rating, signaling a more optimistic outlook for the stock.

Kyocera (OTCMKTS:KYOCY - Get Free Report) posted its earnings results on Wednesday. The company reported $0.18 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.13 by $0.05, Zacks reports. Kyocera had a return on equity of 0.80% and a net margin of 1.30%. The business had revenue of $3.21 billion during the quarter, compared to analyst estimates of $3.30 billion.

Kyocera Stock Performance

Shares of OTCMKTS KYOCY traded up $0.25 during mid-day trading on Friday, hitting $12.11. The company had a trading volume of 5,570 shares, compared to its average volume of 60,639. The stock has a market cap of $17.05 billion, a price-to-earnings ratio of 93.12 and a beta of 0.32. Kyocera has a 12 month low of $9.21 and a 12 month high of $13.18. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.92 and a quick ratio of 1.86. The firm's 50 day simple moving average is $11.58 and its two-hundred day simple moving average is $11.47.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded Kyocera from a "sell" rating to a "hold" rating in a research note on Thursday, May 22nd.

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.