NTT (OTCMKTS:NTTYY) Posts Quarterly Earnings Results, Misses Expectations By $0.08 EPS

NTT (OTCMKTS:NTTYY) announced its earnings results on Wednesday. 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 net margin of 7.17% and a return on equity of 10.45%.

NTT Stock Performance

NTTYY stock traded down $1.33 during trading on Wednesday, hitting $26.21. The company had a trading volume of 21,996 shares, compared to its average volume of 152,397. The firm has a 50-day moving average price of $27.54 and a 200-day moving average price of $24.93. The company has a quick ratio of 0.46, a current ratio of 0.49 and a debt-to-equity ratio of 1.07. The firm has a market cap of $85.68 billion, a PE ratio of 12.54, a price-to-earnings-growth ratio of 2.28 and a beta of 0.07. NTT has a 1-year low of $21.47 and a 1-year high of $30.05.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised NTT from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 7th. One research 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 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. 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.