NTT (NTTYY) Projected to Post Quarterly Earnings on Wednesday

NTT (OTCMKTS:NTTYY) is expected to be releasing its results after the market closes on Wednesday, November 4th. Analysts expect the company to post earnings of $0.5220 per share and revenue of $23.12 billion for the quarter.

NTT (OTCMKTS:NTTYY) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.07. The business had revenue of $22.97 billion for the quarter, compared to analysts’ expectations of $21.57 billion. On average, analysts expect NTT to post $2.09 EPS for the current fiscal year and $2.13 EPS for the next fiscal year.

NTT Stock Performance

NTT stock opened at $27.58 on Wednesday. The company’s 50-day moving average price is $27.36 and its 200-day moving average price is $24.88. NTT has a twelve month low of $21.47 and a twelve month high of $30.05.

Analyst Ratings Changes

Separately, Zacks Research raised NTT from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 7th. One analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, NTT currently 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.