Kyocera (OTCMKTS:KYOCY) Upgraded by Zacks Research to Strong-Buy Rating

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 investment analysts at Zacks Research from a "hold" rating to a "strong-buy" rating in a note issued to investors on Monday,Zacks.com reports.

Separately, Wall Street Zen upgraded shares of Kyocera from a "sell" rating to a "hold" rating in a research report on Thursday, May 22nd. One investment analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, the company has a consensus rating of "Strong Buy".

Kyocera Stock Performance

KYOCY stock traded up $0.19 during mid-day trading on Monday, hitting $13.42. 14,480 shares of the company were exchanged, compared to its average volume of 36,597. The business has a 50 day simple moving average of $11.87 and a 200-day simple moving average of $11.75. The company has a current ratio of 2.92, a quick ratio of 1.86 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $18.90 billion, a PE ratio of 103.23 and a beta of 0.32. Kyocera has a 1-year low of $9.21 and a 1-year high of $13.50.

Kyocera (OTCMKTS:KYOCY - Get Free Report) last issued its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $3.30 billion. Kyocera had a net margin of 1.30% and a return on equity of 0.80%. On average, equities 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.