KDDI (OTCMKTS:KDDIY) Announces Quarterly Earnings Results, Misses Expectations By $0.02 EPS

KDDI (OTCMKTS:KDDIY) issued its earnings results on Friday. The company reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.02), Zacks reports.

KDDI Trading Down 4.5%

Shares of KDDIY stock traded down $0.83 during trading hours on Friday, reaching $17.66. The stock had a trading volume of 108,228 shares, compared to its average volume of 324,934. The company has a quick ratio of 0.52, a current ratio of 0.53 and a debt-to-equity ratio of 0.44. KDDI has a twelve month low of $14.67 and a twelve month high of $20.54. The firm has a 50-day simple moving average of $18.63 and a 200-day simple moving average of $17.45.

Analyst Ratings Changes

KDDIY has been the subject of several recent research reports. Zacks Research raised KDDI from a “hold” rating to a “strong-buy” rating in a report on Friday, October 2nd. Erste Group Bank raised KDDI to a “strong-buy” rating in a report on Monday, July 27th. Two analysts have rated the stock with a Strong Buy rating. Based on data from MarketBeat, KDDI presently has an average rating of “Strong Buy”.

KDDI Company Profile

KDDI Corporation is a Japanese telecommunications and technology company formed in 2000 through the merger of DDI, KDD and IDO. Headquartered in Tokyo, it serves consumers and businesses in Japan and provides communications and related services in international markets.

The company’s consumer offerings include mobile services under the au, UQ mobile and povo brands, as well as fixed-line communications and broadband. KDDI also provides business customers with mobile and fixed networks, cloud and data-center services, cybersecurity, and Internet of Things solutions.

Beyond telecommunications, KDDI offers services in areas such as digital content, e-commerce, finance and energy.