KDDI (OTCMKTS:KDDIY) Announces Quarterly Earnings Results, Beats Estimates By $0.04 EPS

KDDI (OTCMKTS:KDDIY) announced its quarterly earnings results on Thursday. The company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.04, Zacks reports. The company had revenue of $9.90 billion during the quarter, compared to analyst estimates of $10.40 billion.

KDDI Price Performance

KDDIY traded up $0.35 during midday trading on Friday, hitting $16.80. 326,145 shares of the company traded hands, compared to its average volume of 543,625. The business has a 50 day simple moving average of $16.25 and a two-hundred day simple moving average of $16.88. KDDI has a 52-week low of $9.06 and a 52-week high of $19.09. The company has a market capitalization of $70.36 billion, a price-to-earnings ratio of 14.48 and a beta of 0.08. The company has a current ratio of 0.58, a quick ratio of 0.57 and a debt-to-equity ratio of 0.39.

Wall Street Analyst Weigh In

Separately, Zacks Research cut shares of KDDI from a “hold” rating to a “strong sell” rating in a research note on Friday, October 10th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, KDDI has an average rating of “Sell”.

KDDI Company Profile

KDDI Corporation provides telecommunications services in Japan and internationally. It operates in two segments, Personal Services and Business Services. The Personal Services segment offers telecommunication services and other services such as finance, energy, and LX through its multi-brands au, UQ mobile, and povo.