Eastman Kodak (NYSE:KODK) Posts Quarterly Earnings Results

Eastman Kodak (NYSE:KODK) announced its quarterly earnings data on Tuesday. The technology company reported $0.15 earnings per share (EPS) for the quarter, reports. The company had revenue of $261.00 million for the quarter. Eastman Kodak had a net margin of 7.70% and a return on equity of 8.55%.

Eastman Kodak Stock Performance

Shares of KODK opened at $4.59 on Thursday. The firm’s 50 day moving average is $4.89 and its 200-day moving average is $5.14. The stock has a market capitalization of $368.58 million, a P/E ratio of 6.56 and a beta of 3.64. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.37 and a quick ratio of 1.54. Eastman Kodak has a 12-month low of $3.33 and a 12-month high of $6.18.

Hedge Funds Weigh In On Eastman Kodak

Hedge funds have recently made changes to their positions in the business. American Century Companies Inc. increased its position in shares of Eastman Kodak by 77.9% in the second quarter. American Century Companies Inc. now owns 715,264 shares of the technology company’s stock worth $3,848,000 after acquiring an additional 313,191 shares in the last quarter. Empowered Funds LLC increased its position in shares of Eastman Kodak by 68.4% in the first quarter. Empowered Funds LLC now owns 301,640 shares of the technology company’s stock worth $1,493,000 after acquiring an additional 122,480 shares in the last quarter. Marshall Wace LLP purchased a new position in shares of Eastman Kodak in the second quarter worth approximately $2,197,000. XTX Topco Ltd purchased a new position in shares of Eastman Kodak in the second quarter worth approximately $190,000. Finally, Price T Rowe Associates Inc. MD increased its position in shares of Eastman Kodak by 5.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 60,823 shares of the technology company’s stock worth $302,000 after acquiring an additional 3,214 shares in the last quarter. Institutional investors and hedge funds own 33.65% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Eastman Kodak from a “sell” rating to a “hold” rating in a research note on Tuesday, August 13th.

About Eastman Kodak

Eastman Kodak Company engages in the provision of hardware, software, consumables, and services to customers in the commercial print, packaging, publishing, manufacturing, and entertainment markets worldwide. The company operates through three segments: Print, Advanced Materials and Chemicals, and Brand.