Eastman Kodak (NYSE:KODK) Shares Gap Down – Here’s What Happened

Eastman Kodak Company (NYSE:KODK)’s share price gapped down before the market opened on Wednesday. The stock had previously closed at $8.67, but opened at $7.50. Eastman Kodak shares last traded at $8.0970, with a volume of 244,859 shares.

Key Stories Impacting Eastman Kodak

Here are the key news stories impacting Eastman Kodak this week:

• Positive Sentiment: Sidoti raised its FY2027 EPS forecast to $0.80 from $0.78 and expects FY2028 EPS of $0.93. It also lifted estimates for Q1 2027 and Q3 and Q4 2027, suggesting improved earnings expectations across parts of the forecast period. Eastman Kodak analyst estimates
• Negative Sentiment: Sidoti trimmed its Q4 2026 EPS estimate to $0.15 from $0.16 and its Q2 2027 estimate to $0.22 from $0.24, indicating weaker expectations for those quarters. Eastman Kodak analyst estimates

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on KODK shares. Weiss Ratings raised Eastman Kodak from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, August 11th. Zacks Research raised Eastman Kodak to a “hold” rating in a research report on Thursday, September 17th. Finally, Wall Street Zen upgraded Eastman Kodak from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Reduce”.

Eastman Kodak Stock Performance

The company has a quick ratio of 1.95, a current ratio of 3.18 and a debt-to-equity ratio of 0.17. The stock’s fifty day moving average is $9.24 and its two-hundred day moving average is $9.23. The firm has a market capitalization of $757.33 million, a price-to-earnings ratio of -6.82, a P/E/G ratio of 0.52 and a beta of 1.64.

Eastman Kodak (NYSE:KODK) last announced its quarterly earnings results on Tuesday, November 3rd. The technology company reported $0.18 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.02. Eastman Kodak had a negative net margin of 7.53% and a negative return on equity of 13.81%. The firm had revenue of $276.00 million during the quarter, compared to analysts’ expectations of $294.00 million. On average, analysts predict that Eastman Kodak Company will post 0.39 earnings per share for the current year.

Institutional Trading of Eastman Kodak

Institutional investors and hedge funds have recently bought and sold shares of the business. State Street Corp lifted its stake in shares of Eastman Kodak by 16.2% during the 2nd quarter. State Street Corp now owns 2,345,933 shares of the technology company’s stock worth $21,700,000 after buying an additional 326,398 shares during the last quarter. Bank of America Corp DE grew its stake in Eastman Kodak by 438.9% in the 1st quarter. Bank of America Corp DE now owns 331,883 shares of the technology company’s stock valued at $3,004,000 after buying an additional 270,297 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in Eastman Kodak in the 2nd quarter valued at about $1,941,000. Dimensional Fund Advisors LP grew its stake in Eastman Kodak by 5.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,177,801 shares of the technology company’s stock valued at $19,707,000 after buying an additional 113,398 shares during the last quarter. Finally, Weiss Asset Management LP bought a new position in Eastman Kodak in the 1st quarter valued at about $790,000. Institutional investors own 33.65% of the company’s stock.

About Eastman Kodak

Eastman Kodak Company is a technology and manufacturing company based in Rochester, New York. It provides commercial printing, packaging, publishing and graphic communications solutions, including digital printing equipment, workflow software, consumables and related services. Kodak also develops advanced materials and chemical products used in specialized industrial and commercial applications.

The company serves customers in the commercial print, packaging, publishing, entertainment and manufacturing industries.