Eastman Kodak Company (KODK) to Release Earnings on Wednesday
Eastman Kodak (NYSE:KODK) last announced its quarterly earnings results on Wednesday, August 9th. The technology company reported $0.05 earnings per share (EPS) for the quarter. The company had revenue of $381.00 million for the quarter. Eastman Kodak had a net margin of 2.43% and a negative return on equity of 97.65%.
Shares of Eastman Kodak Company (NYSE:KODK) opened at $5.10 on Monday. The company has a debt-to-equity ratio of -6.85, a quick ratio of 1.74 and a current ratio of 2.54. The firm has a market cap of $216.69, a PE ratio of 5.80 and a beta of 0.45.
In other news, CEO Jeff Clarke purchased 5,500 shares of the company’s stock in a transaction that occurred on Wednesday, August 16th. The stock was purchased at an average cost of $7.37 per share, with a total value of $40,535.00. Following the purchase, the chief executive officer now owns 111,679 shares in the company, valued at $823,074.23. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jeffrey D. Engelberg purchased 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 16th. The shares were purchased at an average cost of $7.40 per share, with a total value of $37,000.00. Following the completion of the purchase, the director now owns 15,000 shares in the company, valued at approximately $111,000. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 21,600 shares of company stock worth $157,878 and sold 5,025 shares worth $34,673. Insiders own 5.10% of the company’s stock.
An institutional investor recently raised its position in Eastman Kodak stock. State Street Corp raised its stake in Eastman Kodak Company (NYSE:KODK) by 9.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 330,027 shares of the technology company’s stock after buying an additional 29,333 shares during the period. State Street Corp owned about 0.78% of Eastman Kodak worth $3,002,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 72.30% of the stock is owned by institutional investors and hedge funds.
Separately, ValuEngine upgraded shares of Eastman Kodak from a “sell” rating to a “hold” rating in a report on Friday, September 1st.
Eastman Kodak Company Profile
Eastman Kodak Company provides hardware, software, consumables, and services to customers in various markets worldwide. The company operates through seven segments: Print Systems; Micro 3D Printing and Packaging; Software and Solutions; Consumer and Film; Enterprise Inkjet Systems; Intellectual Property Solutions; and Eastman Business Park.
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