NTT (OTCMKTS:NTTYY) Releases Quarterly Earnings Results, Beats Estimates By $0.07 EPS

NTT (OTCMKTS:NTTYY) released its earnings results on Thursday. The company reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.07, Zacks reports. NTT had a return on equity of 10.39% and a net margin of 7.26%.

NTT Stock Performance

NTTYY stock traded up $0.42 during midday trading on Thursday, reaching $24.29. 68,429 shares of the company were exchanged, compared to its average volume of 141,434. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.51 and a quick ratio of 0.48. The business has a 50-day moving average price of $23.08 and a two-hundred day moving average price of $23.95. NTT has a one year low of $21.47 and a one year high of $28.38. The firm has a market capitalization of $79.40 billion, a price-to-earnings ratio of 11.57, a price-to-earnings-growth ratio of 3.99 and a beta of 0.04.

Wall Street Analysts Forecast Growth

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

NTT Company Profile

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.