Kyocera (OTCMKTS:KYOCY) Shares Gap Up After Better-Than-Expected Earnings

Kyocera Corporation (OTCMKTS:KYOCY) shares gapped up prior to trading on Thursday after the company announced better than expected quarterly earnings. The stock had previously closed at $16.81, but opened at $18.55. Kyocera shares last traded at $18.87, with a volume of 16,628 shares traded.

The company reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.13. Kyocera had a return on equity of 3.15% and a net margin of 5.09%.Kyocera has set its FY 2027 guidance at 0.660-0.660 EPS.

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded Kyocera from a “buy” rating to a “hold” rating in a research report on Monday, February 16th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has an average rating of “Hold”.

Kyocera Stock Up 13.1%

The company has a quick ratio of 1.91, a current ratio of 3.08 and a debt-to-equity ratio of 0.06. The stock has a 50-day simple moving average of $16.38 and a 200-day simple moving average of $15.06. The firm has a market capitalization of $25.44 billion, a PE ratio of 37.70 and a beta of 0.34.

About Kyocera

Kyocera Corporation (OTCMKTS: KYOCY) is a Japanese multinational manufacturer known for its development and production of advanced ceramics and diversified electronic components. Founded in 1959 by Kazuo Inamori as Kyoto Ceramic Co, Ltd., the company has grown into a broad industrial group with roots in fine ceramic materials and a long-standing emphasis on materials science and precision manufacturing. Kyocera is headquartered in Kyoto, Japan, and operates through a network of subsidiaries and business units serving global markets.

The company’s principal activities include the manufacture of fine ceramics, industrial and engineering ceramics, and a wide array of electronic components such as capacitors, connectors, and semiconductor packaging.