NTT (OTCMKTS:NTTYY) Announces Earnings Results

NTT (OTCMKTS:NTTYY) announced its earnings results on Thursday. The company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.07, Zacks reports. The business had revenue of $22.97 billion for the quarter, compared to analysts’ expectations of $21.57 billion. NTT had a return on equity of 10.39% and a net margin of 7.26%.

NTT Stock Performance

Shares of NTTYY traded up $0.71 during mid-day trading on Friday, reaching $25.00. The company had a trading volume of 12,525 shares, compared to its average volume of 164,268. The stock has a market capitalization of $81.72 billion, a P/E ratio of 11.90, a PEG ratio of 3.99 and a beta of 0.04. NTT has a 52-week low of $21.47 and a 52-week high of $28.38. The stock has a 50 day moving average of $23.08 and a two-hundred day moving average of $23.95. The company has a quick ratio of 0.48, a current ratio of 0.51 and a debt-to-equity ratio of 1.11.

Analysts Set New Price Targets

Separately, Zacks Research upgraded shares of NTT from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 30th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy”.

About NTT

Nippon Telegraph and Telephone Corporation (NTT) is a Japan-based telecommunications and information technology company. Established as a state-owned entity in 1952 and privatized in 1985, NTT provides a broad array of network services and IT solutions. The company’s core offerings include fixed‐line and mobile communications, high‐speed internet services, and network management for enterprise and consumer customers.

NTT’s business operations are organized across several key subsidiaries.