Hellenic Telecom Organization (OTCMKTS:HLTOY) Releases Quarterly Earnings Results, Hits Expectations

Key Points

• Hellenic Telecom Organization reported $0.18 earnings per share (EPS) for the quarter, meeting analysts' expectations, with revenue of $1.06 billion exceeding forecasts of $908.46 million.
• The company's stock decreased by 2.6%, trading at $9.27, with a one-year trading range between $7.25 and $10.25.
• Hellenic Telecom Organization increased its dividend to $0.3455 per share, representing a yield of 358.0%, up from the previous dividend of $0.33.

Hellenic Telecom Organization (OTCMKTS:HLTOY - Get Free Report) issued its quarterly earnings data on Wednesday. The utilities provider reported $0.18 earnings per share for the quarter, meeting analysts' consensus estimates of $0.18, Zacks reports. The business had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $908.46 million. Hellenic Telecom Organization had a return on equity of 25.84% and a net margin of 12.39%.

Hellenic Telecom Organization Trading Up 0.5%

OTCMKTS HLTOY traded up $0.05 during trading on Tuesday, hitting $9.46. The company's stock had a trading volume of 446 shares, compared to its average volume of 3,860. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.81 and a current ratio of 0.85. The firm has a 50 day moving average price of $9.40 and a 200 day moving average price of $8.85. Hellenic Telecom Organization has a 52 week low of $7.25 and a 52 week high of $10.25.

Hellenic Telecom Organization Increases Dividend

The firm also recently declared a dividend, which was paid on Monday, July 21st. Shareholders of record on Friday, July 4th were given a $0.3455 dividend. The ex-dividend date of this dividend was Thursday, July 3rd. This represents a yield of 358.0%. This is an increase from Hellenic Telecom Organization's previous dividend of $0.33.

Hellenic Telecom Organization Company Profile

Hellenic Telecommunications Organization SA provides telecommunications and related services to businesses and individuals primarily in Greece and Romania. It operates through OTE, COSMOTE Group, and Telekom Romania Mobile segments. The company offers fixed-line, Internet access, ICT, and TV production services; and international carrier services.