NTT (NTTYY) Projected to Announce Earnings on Tuesday

NTT (OTCMKTS:NTTYY) is anticipated to post its results after the market closes on Tuesday, November 3rd. Analysts expect NTT to announce earnings of $0.5220 per share and revenue of $23.12 billion for the quarter.

NTT (OTCMKTS:NTTYY) last announced its earnings results on Thursday, August 6th. The company reported $0.53 EPS for the quarter, topping the consensus estimate of $0.46 by $0.07. NTT had a return on equity of 10.45% and a net margin of 7.17%. The firm 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 Price Performance

NTTYY stock opened at $27.45 on Monday. The firm has a market cap of $89.73 billion, a PE ratio of 13.13, a P/E/G ratio of 2.26 and a beta of 0.07. NTT has a 12 month low of $21.47 and a 12 month high of $30.05. The firm has a 50 day simple moving average of $27.49 and a 200 day simple moving average of $24.91. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.49 and a quick ratio of 0.46.

Analysts Set New Price Targets

Separately, Zacks Research upgraded NTT from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 7th. One research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus 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.