KDDI (OTCMKTS:KDDIY) Announces Earnings Results, Misses Estimates By $0.02 EPS

KDDI (OTCMKTS:KDDIY) posted its quarterly earnings data on Friday. The company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.02), Zacks reports.

KDDI Price Performance

KDDIY traded down $0.83 on Friday, reaching $17.66. 108,228 shares of the company’s stock were exchanged, compared to its average volume of 304,280. The stock has a market cap of $70.77 billion, a PE ratio of 14.02, a P/E/G ratio of 1.85 and a beta of 0.14. KDDI has a twelve month low of $14.67 and a twelve month high of $20.54. The stock’s fifty day moving average price is $18.63 and its 200-day moving average price is $17.45. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.53 and a quick ratio of 0.52.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Zacks Research raised KDDI from a “hold” rating to a “strong-buy” rating in a report on Friday, October 2nd. Erste Group Bank raised KDDI to a “strong-buy” rating in a research note on Monday, July 27th. Two equities research analysts have rated the stock with a Strong Buy rating. According to MarketBeat, the stock currently has a consensus rating of “Strong Buy”.

KDDI Company Profile

KDDI Corporation is a Japanese telecommunications and technology company formed in 2000 through the merger of DDI, KDD and IDO. Headquartered in Tokyo, it serves consumers and businesses in Japan and provides communications and related services in international markets.

The company’s consumer offerings include mobile services under the au, UQ mobile and povo brands, as well as fixed-line communications and broadband. KDDI also provides business customers with mobile and fixed networks, cloud and data-center services, cybersecurity, and Internet of Things solutions.

Beyond telecommunications, KDDI offers services in areas such as digital content, e-commerce, finance and energy.