NTT (OTCMKTS:NTTYY) Issues Quarterly Earnings Results

NTT (OTCMKTS:NTTYY) released its quarterly earnings results on Thursday. The company reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.07, Zacks reports. The business had revenue of $22.97 billion during the quarter, compared to analysts’ expectations of $21.57 billion. NTT had a return on equity of 10.43% and a net margin of 7.17%.

NTT Trading Up 3.2%

OTCMKTS:NTTYY traded up $0.78 during midday trading on Friday, hitting $25.07. 43,055 shares of the company traded hands, compared to its average volume of 136,049. The firm’s fifty day moving average is $23.11 and its 200-day moving average is $23.95. NTT has a 12-month low of $21.47 and a 12-month high of $28.38. The firm has a market capitalization of $81.96 billion, a P/E ratio of 12.00, a P/E/G ratio of 4.06 and a beta of 0.04. The company has a current ratio of 0.51, a quick ratio of 0.48 and a debt-to-equity ratio of 1.11.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded NTT from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 30th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy”.

About NTT

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.