Eastman Kodak Company draws $160 million credit

Eastman Kodak Company (NYSE:EK). Last Market Price: 1.79, Change: -0.59, % Change: (-24.79%). Shares trade in the range of 1.78 – 1.92 dollars. It has a market capitalization of 481.60M dollars, making it a Small Cap Stock and has 269.05M outstanding shares. The company has a beta of 1.3, indicating, the stock to be more volatile than the market. As per the most recent quarterly report, the net income per share (EPS) is -3.92. It operates in Services sector and belongs to Printing Services industry. Percentage shares held by institutional investors is 73%. The company has a 52 week high of $ 5.95 and a 52 week low of $ 1.75. Average volumes of shares traded daily are 14,470,000. Volume traded in the last session was at 10,190,000, 0.70 times the average volume.

• In 8K filing with the SEC, company states, “On September 23, 2011, Eastman Kodak Company (the ‘Company’) initiated a draw of $160 million under the Second Amended and Restated Credit Agreement, dated as of April 26, 2011 (the ‘Restated Credit Agreement’), for general corporate purposes.”

For Q2 (Jun ’11), It had a Net profit margin of -12.05%, an Operating margin of -11.72%. Other Key stats and ratios are : Return on average assets of -12.80%. The organization has an employee strength of 18,800.

Consensus Recommendation is a Outperform.

Estimate for sales for the Quarter Ending Sep-11 show a mean of 1,648.30 million dollars, an estimate high of 1,752.89 million dollars and an estimate low of 1,510.00 million dollars. A year ago the figures stood at 1,623.35 million dollars.

Estimate for sales for the Quarter Ending Dec-11 show a mean of 1,867.40 million dollars, an estimate high of 1,953.19 million dollars and an estimate low of 1,756.00 million dollars. A year ago the figures stood at 2,147.45 million dollars.

Estimate for EPS for the Quarter Ending Sep-11 show a mean of -0.44 dollars, an estimate high of -0.23 dollars and an estimate low of -0.54 dollars. A year ago the figures stood at 0.02 dollars.

Estimate for EPS for the Quarter Ending Dec-11 show a mean of -0.14 dollars, an estimate high of 0.08 dollars and an estimate low of -0.27 dollars. A year ago the figures stood at 0.28 dollars.

Sales for Quarter Ending Jun-11 was estimated at 1,539.43 million dollars, however the actual sales figure stood at 1,485.00 million dollars, 54.43 million dollars less than estimates.

Sales for Quarter Ending Mar-11 was estimated at 1,374.00 million dollars, however the actual sales figure stood at 1,322.00 million dollars, 52 million dollars less than estimates.

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