Kyocera Corporation (NYSE:KYO) released its quarterly earnings data on Friday. The electronics maker reported $0.86 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.25, MarketWatch Earnings reports. The firm had revenue of $3.11 billion during the quarter. Kyocera Corporation had a return on equity of 4.30% and a net margin of 7.27%.
Kyocera Corporation (NYSE:KYO) opened at 60.59 on Friday. The firm has a 50-day moving average price of $57.99 and a 200 day moving average price of $56.27. The stock has a market cap of $22.08 billion, a PE ratio of 24.00 and a beta of 0.53. Kyocera Corporation has a 52-week low of $46.37 and a 52-week high of $61.50.
The firm also recently disclosed a None dividend, which was paid on Thursday, July 6th. Shareholders of record on Friday, March 31st were given a $0.474 dividend. The ex-dividend date of this dividend was Wednesday, March 29th. Kyocera Corporation’s payout ratio is 28.29%.
Several research firms have issued reports on KYO. BidaskClub cut Kyocera Corporation from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 25th. Mizuho upgraded Kyocera Corporation from a “neutral” rating to a “buy” rating in a research report on Tuesday, June 13th. Finally, Zacks Investment Research upgraded Kyocera Corporation from a “hold” rating to a “buy” rating and set a $67.00 price objective for the company in a research report on Friday, June 9th.
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Institutional investors have recently modified their holdings of the company. PNC Financial Services Group Inc. boosted 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 worth $113,000 after buying an additional 795 shares during the last quarter. Bessemer Group Inc. boosted its position in shares of Kyocera Corporation by 142.8% in the second quarter. Bessemer Group Inc. now owns 3,261 shares of the electronics maker’s stock worth $190,000 after buying an additional 1,918 shares during the last quarter. Greenleaf Trust bought a new position in shares of Kyocera Corporation during the second quarter worth about $212,000. Stifel Financial Corp bought a new position in shares of Kyocera Corporation during the first quarter worth about $229,000. Finally, HPM Partners LLC bought a new position in shares of Kyocera Corporation during the first quarter worth about $269,000. Institutional investors and hedge funds own 0.56% of the company’s stock.
Kyocera Corporation Company Profile
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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