KT (NYSE:KT) Announces Earnings Results

KT (NYSE:KT) released its earnings results on Monday. The technology company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.02), Zacks reports. KT had a return on equity of 5.20% and a net margin of 3.41%.The firm had revenue of $4.72 billion for the quarter, compared to analyst estimates of $4.69 billion.

KT Price Performance

Shares of KT stock opened at $22.70 on Friday. The company has a quick ratio of 1.20, a current ratio of 1.24 and a debt-to-equity ratio of 0.42. KT has a 12-month low of $17.54 and a 12-month high of $24.58. The firm has a fifty day moving average of $22.51 and a 200-day moving average of $20.22. The firm has a market capitalization of $10.95 billion, a price-to-earnings ratio of 9.05, a price-to-earnings-growth ratio of 0.20 and a beta of 0.64.

Analyst Upgrades and Downgrades

KT has been the topic of a number of research analyst reports. Weiss Ratings upgraded KT from a “hold (c+)” rating to a “buy (b)” rating in a research report on Tuesday, March 17th. Zacks Research raised KT from a “strong sell” rating to a “hold” rating in a research note on Thursday, January 8th. Finally, Wall Street Zen cut KT from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 21st. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. Captrust Financial Advisors acquired a new position in shares of KT in the fourth quarter valued at $1,047,000. Natixis Advisors LLC raised its position in shares of KT by 39.8% in the third quarter. Natixis Advisors LLC now owns 280,713 shares of the technology company’s stock valued at $5,474,000 after purchasing an additional 79,891 shares during the period. Millennium Management LLC lifted its stake in shares of KT by 4,148.2% during the 1st quarter. Millennium Management LLC now owns 530,817 shares of the technology company’s stock worth $9,401,000 after buying an additional 518,322 shares during the last quarter. Lazard Asset Management LLC boosted its holdings in shares of KT by 1.2% during the 2nd quarter. Lazard Asset Management LLC now owns 3,250,513 shares of the technology company’s stock worth $67,545,000 after buying an additional 37,744 shares during the period. Finally, Jane Street Group LLC boosted its holdings in shares of KT by 107.9% during the 1st quarter. Jane Street Group LLC now owns 242,212 shares of the technology company’s stock worth $4,290,000 after buying an additional 125,702 shares during the period. Institutional investors own 18.86% of the company’s stock.

KT Company Profile

KT Corporation, listed on the New York Stock Exchange as an American depositary receipt under the symbol KT, is a major telecommunications and information technology provider headquartered in Seongnam, South Korea. The company’s services span traditional fixed-line voice communication, high-speed broadband internet access and mobile cellular networks. Leveraging an extensive fiber-optic and wireless infrastructure, KT delivers voice, data and multimedia solutions to both consumer and enterprise customers.

KT has been at the forefront of technological innovation in its home market, launching South Korea’s first commercial 5G network and expanding its offerings to include Internet of Things (IoT) platforms, cloud computing services and cybersecurity solutions.