KDDI (OTCMKTS:KDDIY) Announces Quarterly Earnings Results

KDDI (OTCMKTS:KDDIY) posted its earnings results on Thursday. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.04, Zacks reports. The firm had revenue of $9.90 billion for the quarter, compared to analysts’ expectations of $10.40 billion.

KDDI Stock Performance

Shares of KDDI stock opened at $16.80 on Friday. The company has a market cap of $70.36 billion, a price-to-earnings ratio of 14.48 and a beta of 0.08. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.57 and a current ratio of 0.58. The business’s 50 day moving average price is $16.25 and its 200 day moving average price is $16.88. KDDI has a one year low of $9.06 and a one year high of $19.09.

Wall Street Analysts Forecast Growth

Separately, Zacks Research lowered KDDI from a “hold” rating to a “strong sell” rating in a report on Friday, October 10th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, KDDI has an average rating of “Sell”.

KDDI Company Profile

KDDI Corporation provides telecommunications services in Japan and internationally. It operates in two segments, Personal Services and Business Services. The Personal Services segment offers telecommunication services and other services such as finance, energy, and LX through its multi-brands au, UQ mobile, and povo.