NTT (OTCMKTS:NTTYY) Posts Earnings Results, Beats Expectations By $0.01 EPS

Key Points

• NTT beat quarterly expectations, reporting earnings of $0.22 per share versus analysts’ estimate of $0.21, while posting a net margin of 7.66% and return on equity of 10.50%.
• Shares rose modestly on the earnings news, trading up to $24.15 during Friday’s session with volume slightly above average.
• Analyst sentiment remains neutral, with several recent ratings changes still leaving NTT at an average Hold recommendation.

NTT (OTCMKTS:NTTYY - Get Free Report) announced its quarterly earnings data on Friday. The company reported $0.22 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.21 by $0.01, Zacks reports. NTT had a net margin of 7.66% and a return on equity of 10.50%.

NTT Stock Performance

NTT stock traded up $0.07 during midday trading on Friday, hitting $24.15. The stock had a trading volume of 167,308 shares, compared to its average volume of 161,058. The firm's fifty day moving average is $24.28 and its two-hundred day moving average is $24.78. The company has a market capitalization of $78.94 billion, a PE ratio of 11.08 and a beta of 0.05. NTT has a 52-week low of $23.31 and a 52-week high of $28.70. The company has a current ratio of 0.59, a quick ratio of 0.55 and a debt-to-equity ratio of 1.29.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on NTTYY. Zacks Research raised shares of NTT to a "hold" rating in a research note on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft downgraded shares of NTT from a "buy" rating to a "hold" rating in a research report on Friday, February 6th. Three investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently 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.

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