NTT (OTCMKTS:NTTYY) Releases Quarterly Earnings Results, Misses Estimates By $0.08 EPS

NTT (OTCMKTS:NTTYY) released its quarterly earnings results on Tuesday. The company reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.08), Zacks reports. NTT had a return on equity of 10.45% and a net margin of 7.17%. The company had revenue of $23.63 billion during the quarter, compared to the consensus estimate of $23.12 billion.

NTT Stock Up 0.1%

OTCMKTS:NTTYY traded up $0.03 during mid-day trading on Thursday, hitting $26.17. 8,519 shares of the company’s stock were exchanged, compared to its average volume of 151,849. NTT has a one year low of $21.47 and a one year high of $30.05. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.49 and a quick ratio of 0.46. The business has a fifty day moving average price of $27.53 and a 200 day moving average price of $24.94. The company has a market cap of $85.55 billion, a PE ratio of 12.52, a P/E/G ratio of 2.27 and a beta of 0.07.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised NTT from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 7th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy”.

NTT Company Profile

Nippon Telegraph and Telephone Corporation (NTT) is a Japan-based telecommunications and information technology company. Through its operating companies, NTT provides fixed-line and mobile communications, broadband internet, data center and cloud services, systems integration, cybersecurity, network infrastructure, and related digital solutions for consumers, businesses, and public-sector organizations.

NTT’s principal businesses include telecommunications services in Japan, global information and communications technology services, data and cloud platforms, and research and development in areas such as next-generation networks, artificial intelligence, and advanced communications technology.