Kyocera Corporation (NYSE:KYO) Downgraded by BidaskClub to Strong Sell
BidaskClub cut shares of Kyocera Corporation (NYSE:KYO) from a sell rating to a strong sell rating in a research report sent to investors on Tuesday morning.
Several other research firms also recently issued reports on KYO. Zacks Investment Research upgraded Kyocera Corporation from a hold rating to a buy rating and set a $67.00 price objective on the stock in a report on Friday, June 9th. Mizuho upgraded Kyocera Corporation from a neutral rating to a buy rating in a report on Tuesday, June 13th.
Kyocera Corporation (NYSE KYO) traded up 4.34% during mid-day trading on Tuesday, hitting $60.59. 16,926 shares of the company were exchanged. Kyocera Corporation has a 12 month low of $46.37 and a 12 month high of $61.50. The stock has a market cap of $22.08 billion, a price-to-earnings ratio of 24.00 and a beta of 0.53. The firm has a 50 day moving average price of $57.99 and a 200 day moving average price of $56.27.
Kyocera Corporation (NYSE:KYO) last posted its quarterly earnings data on Friday, July 28th. The electronics maker reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.25. Kyocera Corporation had a return on equity of 4.30% and a net margin of 7.27%. The company had revenue of $3.11 billion for the quarter. Analysts anticipate that Kyocera Corporation will post $2.18 EPS for the current fiscal year.
The firm also recently disclosed a None dividend, which was paid on Thursday, July 6th. Shareholders of record on Friday, March 31st were issued a dividend of $0.474 per share. The ex-dividend date of this dividend was Wednesday, March 29th. Kyocera Corporation’s dividend payout ratio is presently 32.82%.
A number of large investors have recently bought and sold shares of KYO. UBS Group AG increased its stake in Kyocera Corporation by 341.8% in the first quarter. UBS Group AG now owns 24,653 shares of the electronics maker’s stock valued at $1,384,000 after buying an additional 19,073 shares in the last quarter. PNC Financial Services Group Inc. raised its position in shares of Kyocera Corporation by 65.2% in the first quarter. PNC Financial Services Group Inc. now owns 2,015 shares of the electronics maker’s stock valued at $113,000 after buying an additional 795 shares during the last quarter. Stratos Wealth Partners LTD. purchased a new position in shares of Kyocera Corporation during the first quarter valued at approximately $901,000. Stifel Financial Corp purchased a new position in shares of Kyocera Corporation during the first quarter valued at approximately $229,000. Finally, Parametric Portfolio Associates LLC raised its position in shares of Kyocera Corporation by 26.3% in the first quarter. Parametric Portfolio Associates LLC now owns 279,445 shares of the electronics maker’s stock valued at $15,685,000 after buying an additional 58,196 shares during the last quarter. Institutional investors own 0.56% of the company’s stock.
About Kyocera Corporation
Kyocera Corporation is engaged in various fields, from fine ceramic components to electronic devices, equipment, services and networks. The Company operates through seven segments: Fine Ceramic Parts Group, Semiconductor Parts Group, Applied Ceramic Products Group, Electronic Device Group, Telecommunications Equipment Group, Information Equipment Group and Others.
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