Eastman Kodak (KODK) Issues Quarterly Earnings Results
Eastman Kodak (NYSE:KODK) released its quarterly earnings data on Friday. The technology company reported $0.33 earnings per share (EPS) for the quarter, Morningstar.com reports. The business had revenue of $366.00 million during the quarter. Eastman Kodak updated its FY 2018 guidance to EPS.
KODK stock traded down $0.10 during midday trading on Friday, hitting $3.09. The company’s stock had a trading volume of 449,806 shares, compared to its average volume of 247,020. Eastman Kodak has a 12 month low of $2.20 and a 12 month high of $13.27. The company has a quick ratio of 1.46, a current ratio of 2.23 and a debt-to-equity ratio of 33.17.
A number of hedge funds have recently added to or reduced their stakes in KODK. Eidelman Virant Capital purchased a new stake in Eastman Kodak during the 2nd quarter valued at $190,000. GSA Capital Partners LLP purchased a new stake in Eastman Kodak during the 2nd quarter valued at $265,000. CSat Investment Advisory L.P. purchased a new stake in Eastman Kodak during the 2nd quarter valued at $414,000. Schwab Charles Investment Management Inc. raised its stake in Eastman Kodak by 12.1% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 149,932 shares of the technology company’s stock valued at $570,000 after buying an additional 16,152 shares during the last quarter. Finally, BlackRock Inc. raised its stake in Eastman Kodak by 7.0% during the 1st quarter. BlackRock Inc. now owns 1,169,804 shares of the technology company’s stock valued at $6,259,000 after buying an additional 76,511 shares during the last quarter. 55.15% of the stock is currently owned by institutional investors and hedge funds.
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Eastman Kodak Company provides hardware, software, consumables, and services to customers in various markets worldwide. The company operates through seven segments: Print Systems; Enterprise Inkjet Systems; Flexographic Packaging; Software and Solutions; Consumer and Film; Advanced Materials and 3D Printing Technology; and Eastman Business Park.
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