KODK - Eastman Kodak Company

NYSE - NYSE Delayed Price. Currency in USD
2.4500
+0.0300 (+1.24%)
At close: 4:02PM EDT
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Previous Close2.4200
Open2.4000
Bid2.4100 x 800
Ask2.4800 x 1100
Day's Range2.3800 - 2.4800
52 Week Range2.2000 - 4.4400
Volume86,979
Avg. Volume222,417
Market Cap105.352M
Beta (3Y Monthly)3.59
PE Ratio (TTM)N/A
EPS (TTM)-0.6870
Earnings DateAug 7, 2019 - Aug 12, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est1.00
Trade prices are not sourced from all markets
  • Dealmakers for the Rich Face a ‘Kodak Moment,’ UBS Banker Warns
    Bloomberg18 days ago

    Dealmakers for the Rich Face a ‘Kodak Moment,’ UBS Banker Warns

    (Bloomberg) -- UBS Group AG’s top banker to billionaires said the wealthiest clients are sidelining financial institutions as they close private transactions without advice from investment banks.Family offices and some hedge funds are increasingly completing deals with each other or banding together on direct investments as eking out returns in public markets gets harder, Joe Stadler, UBS’s head of ultra-high-net-worth clients, said in an interview.“We have been looking at this trend for years now, but it’s accelerating, and for banking that could become the digitalization event for Kodak if we are not preparing ourselves,” he said, referring to the downfall of Eastman Kodak Co., the photography giant that was pushed into bankruptcy as digital cameras upended the film market.The growth of direct deals among the super-rich aligns with the rise of them taking control of their own fortunes through family offices. Following the lead of billionaires including Michael Dell and Bill Gates, many now act like private equity firms, buying large stakes in companies or acquiring them outright. Direct deals comprised almost a third of the firms’ portfolios last year, according to research by UBS and Campden Wealth.Banks are struggling to win these private deals because regulators require them to carry out so-called suitability tests: in other words, vetting clients to ensure they have enough financial know-how to be aware of all the risks. Banks feel compelled to carry out the tests even if they believe the client doesn’t need them, Stadler said. The customers, meanwhile, are put off by the paperwork, he said.“Suddenly you have no business,” he said, adding that banks need to create their own deal platforms and legal frameworks to stay relevant.Wealth advisers and banks are adding direct investing to their white-glove services for the rich -- and getting lucrative fees. For a family with $100 million to invest, upper-end advisers charge about 0.5%, or $500,000, annually. Almost 85% of family offices make direct investments, according to a Family Office Exchange survey released last month. There are more than 10,000 single-family offices globally, at least half of which were started in the past 15 years, according to accounting firm EY.Investment banks are already seeking to put themselves at the center of rich clients’ deals. Zurich-based UBS holds events around the world, wherever its wealthiest clients rub shoulders, and BNP Paribas SA created an online platform three years ago that allows its richest customers to search for co-investment opportunities. Earlier this year, Investec Plc’s private bank launched an initiative to connect wealthy customers by appointing a head of strategic client partnerships in London.To carve out business, banks need to leverage their skills, and UBS is adept at matching buyers and sellers, Stadler said.“If somebody wants to sell a plot of land in a large German city for 50 million euros, we know who is interested,” he said. “We know the buyer and we have to make sure we can match.”(Updates with survey results and EY data in seventh paragraph.)\--With assistance from Simone Foxman.To contact the reporters on this story: Ben Stupples in London at bstupples@bloomberg.net;Patrick Winters in Zurich at pwinters3@bloomberg.netTo contact the editors responsible for this story: Dale Crofts at dcrofts@bloomberg.net, Peter Eichenbaum, Steven CrabillFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • GuruFocus.comlast month

    Mason Hawkins' Southeastern Further Extends Its Kodak Moment

    Longleaf manager also boosts stake in CNX Resources

  • Business Wire2 months ago

    Eastman Kodak Closes the Sale of $100 Million of Convertible Notes

    Eastman Kodak Company (KODK) today announced that it has closed the previously announced issue and sale of $100 million aggregate principal amount of its 5.00% Secured Convertible Notes due 2021 (the “Convertible Notes”) to funds managed by Southeastern Asset Management, an employee-owned, global investment management firm. Kodak shareholders who are not affiliated with the purchasers of the Convertible Notes holding a majority of the outstanding shares of Kodak common stock not held by the purchasers of the Convertible Notes have entered into support agreements agreeing to execute written consents approving the conversion feature of the Convertible Notes and the issuance of shares of Kodak common stock upon conversion of the Convertible Notes.

  • Business Wire2 months ago

    Eastman Kodak Announces Issuance of $100 million 5.00% Secured Convertible Notes to Clients of Southeastern Asset Management

    Eastman Kodak Company (KODK) today announced that it has entered into an agreement for the issue and sale of $100 million aggregate principal amount of its 5.00% Secured Convertible Notes due 2021 (the “Convertible Notes”) to funds managed by Southeastern Asset Management, Inc., an employee-owned, global investment management firm (“Southeastern”). Kodak intends to use the net proceeds of the issuance and sale of the Convertible Notes to prepay in full its outstanding first lien term loans, and the remainder for general corporate purposes. To facilitate the Convertible Notes issuance, Kodak expects to enter into an amendment to its asset based revolving credit facility to permit the incurrence of the Convertible Notes.

  • Thomson Reuters StreetEvents2 months ago

    Edited Transcript of KODK earnings conference call or presentation 9-May-19 9:00pm GMT

    Q1 2019 Eastman Kodak Co Earnings Call

  • Rapper Kodak Black arrested; Lil Wayne bows out of show
    Associated Press2 months ago

    Rapper Kodak Black arrested; Lil Wayne bows out of show

    MIAMI (AP) — The Rolling Loud Music Festival celebrating global hip-hop artists in South Florida did not go so well for Kodak Black and Lil Wayne.

  • Eastman Kodak Co (KODK) Q1 2019 Earnings Call Transcript
    Motley Fool2 months ago

    Eastman Kodak Co (KODK) Q1 2019 Earnings Call Transcript

    KODK earnings call for the period ending .

  • Associated Press2 months ago

    Kodak: 1Q Earnings Snapshot

    On a per-share basis, the Rochester, New York-based company said it had a loss of 54 cents. Losses, adjusted to account for discontinued operations, came to 40 cents per share. The commercial and packaging ...

  • Business Wire2 months ago

    Kodak Reports First-Quarter 2019 Financial Results

    Eastman Kodak Company today reported financial results for the first quarter 2019, including a net loss of $18 million on revenues of $291 million and continued growth in key product areas.

  • Is Eastman Kodak a Buy?
    Motley Fool2 months ago

    Is Eastman Kodak a Buy?

    The iconic digital imaging specialist has fallen far, and recovery seems like a challenge.

  • Business Wire3 months ago

    Kodak to Report First-Quarter 2019 Financial Results on May 9, 2019

    Eastman Kodak Company will release its first-quarter 2019 financial results on Thursday, May 9, at 4:15 p.m. Eastern Daylight Time over Business Wire and kodak.com Investor Relations webpage.

  • Kodak Black arrested on drug, gun charge at Canadian border
    Associated Press3 months ago

    Kodak Black arrested on drug, gun charge at Canadian border

    LEWISTON, N.Y. (AP) — Kodak Black was arrested on drug and weapons charges as the rapper tried to cross from Canada into the United States near Niagara Falls, law enforcement officials said Thursday.

  • Business Wire3 months ago

    Kodak completes sale of its Flexographic Packaging Division to Montagu

    Today Eastman Kodak Company and Montagu Private Equity LLP announced the completion of the sale of Kodak’s Flexographic Packaging Division (FPD). The net proceeds from the transaction will be used by Kodak to reduce outstanding term debt. Over the past five years, FPD has grown and thrived within Kodak and become a significant player in the package printing industry.

  • Thomson Reuters StreetEvents4 months ago

    Edited Transcript of KODK earnings conference call or presentation 1-Apr-19 9:00pm GMT

    Q4 2018 Eastman Kodak Co Earnings Call

  • Eastman Kodak (KODK) Q4 2018 Earnings Conference Call Transcript
    Motley Fool4 months ago

    Eastman Kodak (KODK) Q4 2018 Earnings Conference Call Transcript

    KODK earnings call for the period ending December 31, 2018.

  • InvestorPlace4 months ago

    Eastman Kodak Company Earnings: KODK Stock Sinks as 2018 Sales Down 4%

    Eastman Kodak Company (NYSE:KODK) reported its latest earnings results, which included a sales decline in its fiscal 2018 that played a role in KODK stock declining after hours.The Rochester, New York-based imaging firm said that for its fourth quarter of its fiscal 2018, it brought in sales of $366 million, a slight decline from what it brought in last year due in part to lower sales from its Print Systems brand. Net income for the period was a bright sign for the period at $19 million, considering the amount was a $46 million loss during the same period a year ago.For its fiscal 2018, Kodak brought in sales of $1.32 billion, a drop of 4.4% when compared to its fiscal 2017, due in part to a decline in sales from its Print Systems Division, which is its largest one. Every other division also experienced a dip in sales or flat revenues during 2018.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe business' operational EBITDA for the year took a turn for the worse, falling 90% to $1 million due in part to lower margins from its Print Systems segment. This was also Kodak's first quarter reporting earnings under its new CEO Jim Continenza, who replaced Jeff Clarke after the latter resigned from the company.KODK stock was surging about 5.2% during regular trading hours Monday in anticipation of the company's quarterly results. Underwhelming figures sent Kodak shares declining 6.7% after the bell. More From InvestorPlace * The Elite 8 Stocks to Buy for Massive Outperformance * 7 Reasons to Buy Housing Stocks in 2019 * 8 Genomic Testing Stocks That Can Ease the Sting of Theranos Compare Brokers The post Eastman Kodak Company Earnings: KODK Stock Sinks as 2018 Sales Down 4% appeared first on InvestorPlace.

  • Business Wire4 months ago

    Kodak Reports Full-Year 2018 Financial Results

    Eastman Kodak Company today reported financial results for the full year 2018, including a net loss of $16 million on revenues of $1.3 billion and continued growth in key product areas.

  • ACCESSWIRE4 months ago

    Eastman Kodak Company to Host Earnings Call

    NEW YORK, NY / ACCESSWIRE / April 1, 2019 / Eastman Kodak Company (NYSE: KODK ) will be discussing their earnings results in their 2018 Fourth Quarter Earnings to be held on April 1, 2019 at 5:00 PM Eastern ...

  • Business Wire4 months ago

    Kodak to Report Fourth-Quarter and Full-Year 2018 Financial Results on April 1, 2019

    Eastman Kodak Company will release its fourth-quarter and full-year 2018 financial results on Monday, April 1, at 4:15 p.m. Eastern Daylight Time over Business Wire and kodak.com Investor Relations webpage.