NTT (OTCMKTS:NTTYY) Posts Quarterly Earnings Results, Beats Estimates By $0.07 EPS

NTT (OTCMKTS:NTTYY) announced its earnings results on Thursday. The company reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.07, Zacks reports. NTT had a return on equity of 10.39% and a net margin of 7.26%.

NTT Stock Performance

OTCMKTS NTTYY traded up $0.42 during trading on Thursday, reaching $24.29. The company’s stock had a trading volume of 68,429 shares, compared to its average volume of 141,434. The firm has a 50 day moving average price of $23.08 and a 200 day moving average price of $23.95. NTT has a 12 month low of $21.47 and a 12 month high of $28.38. The firm has a market capitalization of $79.40 billion, a price-to-earnings ratio of 11.57, a price-to-earnings-growth ratio of 3.99 and a beta of 0.04. The company has a current ratio of 0.51, a quick ratio of 0.48 and a debt-to-equity ratio of 1.11.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised NTT from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 30th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy”.

About NTT

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.