Eastman Kodak (NYSE:KODK) Announces Earnings Results

Eastman Kodak (NYSE:KODK) announced its quarterly earnings data on Thursday. The technology company reported ($1.23) earnings per share for the quarter, FiscalAI reports. Eastman Kodak had a return on equity of 1.72% and a net margin of 0.57%.The business had revenue of $290.00 million for the quarter.

Eastman Kodak Price Performance

Shares of KODK traded down $0.07 during trading hours on Thursday, reaching $6.89. 953,500 shares of the company traded hands, compared to its average volume of 704,887. The stock has a market capitalization of $663.71 million, a PE ratio of -20.86 and a beta of 1.49. The stock has a fifty day simple moving average of $7.50 and a 200 day simple moving average of $7.22. Eastman Kodak has a fifty-two week low of $4.93 and a fifty-two week high of $9.96. The company has a quick ratio of 0.48, a current ratio of 0.79 and a debt-to-equity ratio of 0.01.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets grew its holdings in shares of Eastman Kodak by 78.2% during the second quarter. BNP Paribas Financial Markets now owns 6,207 shares of the technology company’s stock worth $35,000 after buying an additional 2,723 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in shares of Eastman Kodak by 2,394.0% during the fourth quarter. Farther Finance Advisors LLC now owns 7,033 shares of the technology company’s stock valued at $59,000 after buying an additional 6,751 shares during the period. Headlands Technologies LLC acquired a new stake in Eastman Kodak during the second quarter worth approximately $45,000. Tower Research Capital LLC TRC boosted its position in Eastman Kodak by 239.7% during the second quarter. Tower Research Capital LLC TRC now owns 8,075 shares of the technology company’s stock worth $46,000 after acquiring an additional 5,698 shares during the last quarter. Finally, Kemnay Advisory Services Inc. purchased a new stake in Eastman Kodak in the 4th quarter worth approximately $71,000. 33.65% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

KODK has been the subject of a number of research analyst reports. Weiss Ratings reiterated a “sell (d+)” rating on shares of Eastman Kodak in a report on Wednesday, January 21st. Wall Street Zen raised Eastman Kodak from a “sell” rating to a “hold” rating in a research note on Saturday, November 15th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of “Sell”.

About Eastman Kodak

Eastman Kodak Company (NYSE: KODK) is a global technology firm specializing in imaging, printing and advanced materials. The company offers a wide array of products and services that enable customers to create, manage and share visual content across traditional and digital platforms. Its core offerings include graphic communications solutions, enterprise inkjet systems, packaging technologies, functional printing and micro 3D printing systems.

Kodak’s graphic communications segment serves commercial printers, packaging converters and publishing houses with offset plates, digital presses, workflow software and services designed to streamline production.