|Bid||3.8800 x 800|
|Ask||3.9100 x 1800|
|Day's Range||3.8201 - 4.0800|
|52 Week Range||2.2000 - 13.2800|
|Beta (3Y Monthly)||4.83|
|PE Ratio (TTM)||3.82|
|Earnings Date||Nov 6, 2018 - Nov 12, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||1.00|
Good day. Private-equity buyers can often find activist investors on the opposite side of the bargaining table when negotiating a deal. But when their objectives align, an activist can be a buyout firm’s biggest ally, especially if that activist has a dedicated private-equity unit.
NEW YORK, Nov. 13, 2018 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.
Eastman Kodak Co. said it would receive up to $390 million by selling its Flexographic Packaging Division to a private-equity investor, a deal that could help the company pay down a loan that matures next year. Last week, Chief Executive Jeff Clarke told investors Kodak had a binding agreement to sell the unit but he didn’t name the price or buyer. Montagu will buy the unit for a base price of $340 million, subject to adjustments, and potentially provide earn-out payments to Kodak worth as much as $35 million based on the division’s performance, Kodak said in a statement Monday.
Eastman Kodak Co.'s shares soared 13% in premarket trade Monday, after the company said it has reached a deal to sell its Flexographic Packaging division to Montagu Private Equity LLP for $390 million in proceeds. The business will be run as a new standalone company on closing and will develop, manufacture and sell flexographic product, including its flagship Kodak Flexcel NX System to the packing print market. Flexography is a printing process that uses a flexible relief plate, similar to a letterpress that can be used on most materials. The deal is expected to close in the first half of 2019. Kodak is planning to use the proceeds to reduce debt. Kodak said it will continue to serve the print industry by focusing on enterprise inkjet, workflow software and brand licensing. Shares have fallen 0.3% in 2018 through Friday, while the S&P 500 has gained 4%.
Eastman Kodak Company has entered into a definitive agreement to sell its Flexographic Packaging Division to Montagu Private Equity LLP, a leading private equity firm. After closing, the business will operate as a new standalone company which will develop, manufacture and sell flexographic products, including the flagship KODAK FLEXCEL NX System, to the packaging print segment. Under its new ownership, the business will have the same organizational structure, management team and growth culture that has served Kodak’s Flexographic Packaging Division well in recent years.
A growing line of business for Kodak, the Flexographic division makes technology for printing images on packaging for consumer products, from bags to pouches to cartons to metal cans. Deal talks are exclusive, Mr. Clarke said on a call with investors reporting on third-quarter results. Money from the sale would go to pay down Kodak’s $395 million first-lien debt, reducing interest expense and warding off potential trouble with lenders on the loan, which matures in September 2019.
The Rochester, New York-based company said it had profit of 33 cents per share. The commercial and packaging printing company posted revenue of $366 million in the period. Kodak expects full-year revenue ...
Eastman Kodak Company today reported financial results for the third quarter 2018, delivering net earnings of $19 million on revenues of $366 million and continued growth in its KODAK SONORA Process-Free Plates, KODAK FLEXCEL NX Packaging and KODAK PROSPER Inkjet businesses.
The big shareholder groups in Eastman Kodak Company (NYSE:KODK) have power over the company. Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller Read More...
Jeff Clarke became the CEO of Eastman Kodak Company (NYSE:KODK) in 2014. This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. After that, Read More...
Today Eastman Kodak and Evolve Additive Solutions, Inc. announced a technology partnership where Kodak will supply Evolve imaging systems, parts and consumables based on the KODAK NEXPRESS digital electrophotographic platform. In addition, the companies have signed Joint Development Agreements for equipment and materials with the goal of helping further develop Evolve’s Selective Thermoplastic Electrophotographic Process (STEP) technology in anticipation of the commercial release in 2020. STEP is Evolve’s proprietary 3D printing technology for additive manufacturing.
Eastman Kodak Company will release its third-quarter 2018 financial results on Friday, November 9, at 4:15 p.m. Eastern Standard Time over Business Wire and kodak.com Investor Relations webpage.
The company, which sold off most of its legacy assets in the last decade, is licensing its name to partners who build products like digital cameras and, most comically, a cryptocurrency. In that deal, Wenn Digital bought the rights to the Kodak name for an estimated $1.5 million, a move that they hoped would immediately lend gravitas to the crypto offering. Now Kodak is talking about another partnership, this time with a Tennessee-based video and film digitization company.
Kodak, a world leader in coating deposition, material science and the management of light, today announced the introduction of KODALUX Technology, a new class of light control materials which can be coated directly on fabrics for use in the management of light. Precision Fabrics Group is offering the world’s first Prepared-For-Print (PFP) blackout fabric incorporating KODALUX Light Control Technology for wide format digital print applications. The PFP fabric with KODALUX Technology can be supplied in widths of up to 125” and can be printed by either direct or indirect sublimation or inkjet technologies with superior fidelity and no bleed through.
Two years following its launch and after growing a solid Global customer base, KodakIt is making it easier than ever for businesses and photographers to connect. As the service grows and the volume of transactions increase, the new KODAKIT App brings enhancements to make photoshoots simpler and more efficient for both photographers and companies. Photographers can now arrive at a KODAKIT Photoshoot with the relevant details about the photoshoot immediately accessible.
Kodak is pleased to announce the introduction of the KODAK Digitizing Box, a service designed to help transfer old memories into present day viewing options. The offering is part of a new brand licensing agreement with AMB Media LLC, a direct to consumer digitizer of home movies and photos. The KODAK Digitizing Box brings a modern version of Kodak’s yellow envelope back to customer door steps and aims to make the daunting task of digitizing aging media easy.
Cognex (NASDAQ:CGNX), which operates in the internet of things (IoT) sector, has started October on a rough note, and investors should expect this weakness in CGNX stock to continue during this last quarter, especially around its earnings call.
It took a while but Kodak is finally releasing its Ektachrome color reversal film, beloved by analog photographers and filmmakers alike. First to ship will be Ektachrome Film E100 in 135/36x camera format (which will make its way to buyers immediately) followed by Ektachrome 7294 for Super 8 movie films from October 1st. With 16mm format coming later this year, all three will be available from Kodak Alaris.
Kodak and fashion retailer Forever 21 have teamed up on a new apparel collection for the Fall 2018 season featuring some of Kodak’s many logos and designs from the Kodak brand’s storied history. The bright and vibrant apparel uses many of the original colors from Kodak branding and packaging from the 90’s and draws inspiration from Kodak’s days as a standout NASCAR team sponsor. Kodak has been working on collaborations to drive brand awareness and advocacy with new audiences.
Moody's said Eastman Kodak Company ("Eastman Kodak") announced plans to sell its Flexographic Packaging Division ("FPD") during its second quarter earnings call. If completed, the sale of the division and full repayment of the term loan maturing in September 2019 would be credit positive as repayment eliminates a significant near term maturity and positions the company with adjusted debt to EBITDA of less than 5x (pro forma for anticipated reduction in unfunded pension liabilities) compared to 10.8x as of March 31, 2018. Net proceeds from the sale are expected to cover the entire $395 million balance of the term loan due in September 2019.
I am writing today to help inform people who are new to the stock market and want to begin learning the link between company’s fundamentals and stock market performance. EastmanRead More...