Sidoti Issues Optimistic Forecast for Eastman Kodak Earnings

Eastman Kodak Company (NYSE:KODK) – Analysts at Sidoti upped their FY2026 earnings estimates for Eastman Kodak in a report issued on Thursday, November 5th. Sidoti analyst D. Harriman now forecasts that the technology company will post earnings per share of $0.44 for the year, up from their prior estimate of $0.39. The consensus estimate for Eastman Kodak’s current full-year earnings is $0.44 per share.

Eastman Kodak (NYSE:KODK) last released its earnings results on Tuesday, November 3rd. The technology company reported $0.18 earnings per share 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 for the quarter, compared to analysts’ expectations of $294.00 million.

A number of other analysts also recently issued reports on KODK. Weiss Ratings reissued a “sell (d+)” rating on shares of Eastman Kodak in a research report on Wednesday, November 4th. Wall Street Zen raised Eastman Kodak from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Finally, Zacks Research upgraded Eastman Kodak to a “hold” rating in a research note on Thursday, September 17th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce”.

Eastman Kodak Trading Up 1.9%

NYSE:KODK opened at $8.45 on Monday. Eastman Kodak has a 12 month low of $6.41 and a 12 month high of $14.87. The company has a quick ratio of 2.13, a current ratio of 3.18 and a debt-to-equity ratio of 0.17. The firm’s 50 day moving average is $9.18 and its 200 day moving average is $9.25.

Institutional Investors Weigh In On Eastman Kodak

Institutional investors have recently made changes to their positions in the stock. State Street Corp boosted its holdings in Eastman Kodak by 16.2% in the 2nd quarter. State Street Corp now owns 2,345,933 shares of the technology company’s stock valued at $21,700,000 after purchasing an additional 326,398 shares during the period. Bank of America Corp DE increased its holdings in shares of Eastman Kodak by 438.9% in the first quarter. Bank of America Corp DE now owns 331,883 shares of the technology company’s stock worth $3,004,000 after purchasing an additional 270,297 shares during the period. Bank of New York Mellon Corp purchased a new stake in shares of Eastman Kodak in the second quarter worth $1,941,000. Dimensional Fund Advisors LP raised its position in shares of Eastman Kodak by 5.5% in the first quarter. Dimensional Fund Advisors LP now owns 2,177,801 shares of the technology company’s stock worth $19,707,000 after buying an additional 113,398 shares in the last quarter. Finally, Weiss Asset Management LP bought a new stake in Eastman Kodak during the first quarter valued at $790,000. Hedge funds and other institutional investors own 33.65% of the company’s stock.

Eastman Kodak Company Profile

Eastman Kodak Company is an imaging and materials science company with roots in the photography business founded by George Eastman in the late 19th century. While Kodak became widely known for cameras and photographic film, its business today also serves commercial printing and industrial markets. Kodak supplies printing plates, digital printing equipment, workflow software and related services to the graphic communications industry. It also makes photographic and motion picture film, photographic chemicals, and specialty materials and chemicals for commercial and industrial uses.