NTT (OTCMKTS:NTTYY) Releases Quarterly Earnings Results, Beats Expectations By $0.06 EPS

NTT (OTCMKTS:NTTYY) released its earnings results on Thursday. The company reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.06, Zacks reports. NTT had a return on equity of 9.87% and a net margin of 7.52%.The company had revenue of $23.29 billion for the quarter, compared to the consensus estimate of $23.07 billion.

NTT Stock Down 0.8%

OTCMKTS:NTTYY traded down $0.19 during mid-day trading on Friday, hitting $24.42. 108,154 shares of the company’s stock traded hands, compared to its average volume of 131,230. The company has a fifty day moving average of $25.06 and a 200 day moving average of $25.75. The company has a current ratio of 0.98, a quick ratio of 0.92 and a debt-to-equity ratio of 1.15. NTT has a twelve month low of $22.80 and a twelve month high of $28.70.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft lowered shares of NTT from a “buy” rating to a “hold” rating in a report on Friday. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has an average rating of “Hold”.

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.