Brokers Expect TTEC Holdings, Inc. (NASDAQ: TTEC) to Report Earnings Per Share of $ 0.92
Wall Street analysts expect TTEC Holdings, Inc. (NASDAQ: TTEC) to post earnings per share (EPS) of $ 0.92 for the current quarter, Zacks investment research reports. Two analysts have released earnings estimates for TTEC. The lowest estimate of EPS is $ 0.88 and the highest is $ 0.96. TTEC reported same quarter earnings of $ 0.75 per share last year, which would indicate a positive year-over-year growth rate of 22.7%. The company is expected to release its next earnings report on Wednesday, August 4.
On average, analysts expect TTEC to report annual earnings of $ 3.90 per share for the current year, with EPS estimates ranging from $ 3.84 to $ 3.95. For the next fiscal year, analysts predict the company will report earnings of $ 3.94 per share, with EPS estimates ranging from $ 3.83 to $ 4.05. Zacks’ earnings per share calculations are an average based on a survey of analysts who cover TTEC.
TTEC (NASDAQ: TTEC) last released its results on Tuesday, May 4. The business services provider reported earnings per share (EPS) of $ 1.26 for the quarter, beating Thomson Reuters consensus estimate of $ 1.00 per $ 0.26. The company posted revenue of $ 539.20 million in the quarter, compared to analysts’ estimates of $ 530.74 million. TTEC had a net margin of 7.17% and a return on equity of 39.80%. The company’s revenue grew 24.8% year-over-year. In the same quarter of last year, the company made earnings per share of $ 0.74.
Several research analysts recently commented on the stock. Canaccord Genuity raised its price target for TTEC shares from $ 110.00 to $ 125.00 and assigned a “buy” rating to the stock in a research note on Monday, April 19. Northland Securities reaffirmed a “buy” rating on TTEC shares in a research report on Friday, March 5. Cowen downgraded TTEC shares from an “outperformance” rating to a “market performance” rating and raised his share price target from $ 85.00 to $ 90.00 in research report Friday March 5. Zacks investment research downgraded TTEC shares from a “buy” rating to a “strong sell” rating in a research report on Tuesday, May 11. Finally, Morgan Stanley raised its price target on TTEC shares from $ 87.00 to $ 95.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 12. An equity research analyst rated the stock with a sell rating, three gave the holding rating, and four gave the company a buy rating. TTEC has a consensus rating of “Hold” and an average price target of $ 94.86.
TTEC action open for $ 101.20 on Mondays. The company has a 50-day moving average price of $ 104.34 and a 200-day moving average price of $ 84.85. The company has a market cap of $ 4.74 billion, a PE ratio of 32.44, a price / earnings-growth ratio of 1.73 and a beta of 0.82. The company has a current ratio of 1.65, a quick ratio of 1.65, and a debt ratio of 0.71. TTEC has a 12-month minimum of $ 38.59 and a 12-month maximum of $ 109.95.
The company also recently announced a semi-annual dividend, which was paid on Wednesday, April 21. Investors of record on Monday April 5 received a dividend of $ 0.43. This is a boost from TTEC’s previous semi-annual dividend of $ 0.40. This represents a dividend yield of 1%. The ex-dividend date was Thursday April 1. The current distribution rate of TTEC is 22.51%.
In other TTEC news, Director Gregory A. Conley sold 2,000 shares of the company in a transaction dated Monday, May 10. The shares were sold for an average price of $ 102.50, for a total value of $ 205,000.00. As a result of the transaction, the director now owns 13,346 shares of the company, valued at $ 1,367,965. The transaction was disclosed in a filing with the Securities & Exchange Commission, available at this link. 60.90% of the stock is held by corporate insiders.
Several institutional investors and hedge funds have recently changed their holdings in TTEC. First Horizon Advisors Inc. acquired a new equity interest in TTEC during the first quarter valued at approximately $ 32,000. Point72 Hong Kong Ltd acquired a new equity stake in TTEC during the first quarter valued at approximately $ 43,000. Capital Asset Advisory Services LLC acquired a new equity interest in TTEC during the fourth quarter valued at approximately $ 60,000. CI Investments Inc. acquired a new equity interest in TTEC during the fourth quarter valued at approximately $ 63,000. Finally, Captrust Financial Advisors increased its position in TTEC shares by 1,885.7% during the first quarter. Captrust Financial Advisors now owns 695 shares of the business services provider valued at $ 70,000 after purchasing an additional 660 shares in the last quarter. 32.51% of the shares are currently held by institutional investors and hedge funds.
TTEC Holdings, Inc, a customer experience technology and services company, is focused on designing, implementing and delivering a transformative customer experience for a variety of brands. It operates through the TTEC Digital and TTEC Engage segments. TTEC Digital segments design, build and deliver technology-based customer experience solutions through its professional services and suite of technology offerings to enable and accelerate digital transformation of customers.
Further reading: How are S&P 500 companies selected?
For more information on Zacks Investment Research’s research offerings, visit Zacks.com
This instant news alert was powered by storytelling technology and financial data from MarketBeat to provide readers with the fastest, most accurate reports. This story was reviewed by the MarketBeat editorial team prior to publication. Please send any questions or comments about this story to [email protected]
Featured article: How do you calculate return on equity (ROE)?
8 EV stocks to electrify your growth portfolio
If you’re looking for the next high-growth market, a market at the intersection of several age-old trends, look no further than the EV market. Electric vehicles. It may not seem like much, but the days of EV as a fringe market are over.
Think about it. On average, there are 90 million vehicles sold each year. These are units, not dollars, total vehicle sales topped $ 3.1 trillion in 2019, and the number is expected to increase in the long run.
The electric vehicle market represents less than 3% of global vehicle sales, but it is growing. Electric vehicles are expected to account for more than 50% of the total vehicle fleet by 2050, and that target could be reached much sooner if battery technology advances.
When it comes to the EV market, it’s a “rising tide lifts all ships” market, but there are still some clear winners to focus on.
See “8 EV Actions to Electrify Your Growth Portfolio”.