Kyocera (OTCMKTS:KYOCY) Rating Increased to Strong-Buy at Zacks Research

Key Points

• Kyocera has been upgraded to a "Strong-Buy" rating by Zacks Research, reflecting a positive outlook for the stock.
• Separately, Wall Street Zen has also improved its rating for Kyocera from "sell" to "hold", indicating growing analyst confidence.
• Kyocera's recent quarterly earnings showed a beat of consensus estimates with earnings per share at $0.18, despite revenue slightly below expectations at $3.21 billion.

Kyocera (OTCMKTS:KYOCY - Get Free Report) was upgraded by analysts at Zacks Research from a "hold" rating to a "strong-buy" rating in a report issued on Monday, August 18th,Zacks.com reports.

Separately, Wall Street Zen raised Kyocera from a "sell" rating to a "hold" rating in a report on Thursday, May 22nd. One equities research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of "Strong Buy".

Kyocera Price Performance

Kyocera stock traded down $0.23 during mid-day trading on Monday, hitting $13.19. The company's stock had a trading volume of 4,844 shares, compared to its average volume of 56,728. The company has a quick ratio of 1.86, a current ratio of 2.92 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $18.58 billion, a P/E ratio of 101.46 and a beta of 0.32. Kyocera has a twelve month low of $9.21 and a twelve month high of $13.50. The stock's fifty day moving average price is $11.87 and its two-hundred day moving average price is $11.75.

Kyocera (OTCMKTS:KYOCY - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.05. The firm had revenue of $3.21 billion for the quarter, compared to analyst estimates of $3.30 billion. Kyocera had a net margin of 1.30% and a return on equity of 0.80%. Research analysts forecast that Kyocera will post 0.32 earnings per share for the current year.

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.