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

KDDI (OTCMKTS:KDDIY) issued its earnings results on Thursday. The company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.04, Zacks reports. The firm had revenue of $9.90 billion for the quarter, compared to analysts’ expectations of $10.40 billion.

KDDI Trading Up 2.1%

Shares of KDDIY stock traded up $0.35 during trading hours on Friday, hitting $16.80. The company had a trading volume of 326,145 shares, compared to its average volume of 543,625. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.58 and a quick ratio of 0.57. The stock has a market capitalization of $70.36 billion, a PE ratio of 14.48 and a beta of 0.08. The company’s fifty day moving average is $16.25 and its 200 day moving average is $16.88. KDDI has a fifty-two week low of $9.06 and a fifty-two week high of $19.09.

Wall Street Analyst Weigh In

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

About KDDI

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.