KDDI (OTCMKTS:KDDIY) Posts Quarterly Earnings Results, Beats Expectations By $0.04 EPS

KDDI (OTCMKTS:KDDIY) announced its earnings results on Friday. The company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.28 by $0.04, Zacks reports. The firm had revenue of $9.40 billion during the quarter, compared to analysts’ expectations of $9.31 billion.

KDDI Trading Up 1.2%

OTCMKTS:KDDIY opened at $18.50 on Friday. The company has a market cap of $74.14 billion, a P/E ratio of 14.92, a P/E/G ratio of 1.06 and a beta of 0.05. KDDI has a 1 year low of $12.95 and a 1 year high of $19.52. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.56 and a quick ratio of 0.55. The stock’s fifty day moving average price is $17.30 and its two-hundred day moving average price is $16.96.

Wall Street Analysts Forecast Growth

KDDIY has been the topic of several analyst reports. Erste Group Bank upgraded shares of KDDI to a “strong-buy” rating in a report on Monday, July 27th. Zacks Research downgraded shares of KDDI from a “hold” rating to a “strong sell” rating in a research report on Tuesday, June 23rd. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

About KDDI

KDDI Corporation (OTCMKTS: KDDIY) is a diversified Japanese telecommunications and information services company headquartered in Tokyo, Japan. Formed in 2000 through the merger of DDI Corporation, KDD Corporation and IDO Corporation, KDDI provides a broad set of connectivity and digital services for both consumer and enterprise customers. The company operates under well-known consumer brands and through a network of subsidiaries and affiliates that deliver telecommunications, internet and ICT solutions.

At its core, KDDI offers mobile communications services (including the “au” consumer brand), fixed-line and broadband internet access, and fiber-optic services.