Zacks: Analysts Expect TTEC Holdings, Inc. (NASDAQ:TTEC) to Post $1.02 Earnings Per Share

Wall Street analysts expect that TTEC Holdings, Inc. (NASDAQ:TTEC – Get Rating) will announce earnings of $1.02 per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for TTEC’s earnings. The highest EPS estimate is $1.03 and the lowest is $1.00. TTEC reported earnings of $1.26 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 19%. The company is scheduled to issue its next earnings results after the market closes on Monday, January 1st.

On average, analysts expect that TTEC will report full year earnings of $4.85 per share for the current fiscal year, with EPS estimates ranging from $4.84 to $4.87. For the next financial year, analysts expect that the firm will report earnings of $5.34 per share, with EPS estimates ranging from $5.21 to $5.47. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for TTEC.

TTEC (NASDAQ:TTEC – Get Rating) last announced its quarterly earnings data on Tuesday, March 1st. The business services provider reported $0.61 EPS for the quarter, missing the Zacks’ consensus estimate of $0.84 by ($0.23). The business had revenue of $612.32 million during the quarter, compared to the consensus estimate of $593.66 million. TTEC had a return on equity of 27.51% and a net margin of 6.19%. The business’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.22 EPS.

A number of analysts have recently commented on the stock. Barrington Research assumed coverage on shares of TTEC in a research report on Friday. They issued an “outperform” rating and a $100.00 price objective on the stock. Canaccord Genuity Group cut their price objective on shares of TTEC from $130.00 to $120.00 in a research report on Thursday, March 3rd. StockNews.com upgraded shares of TTEC from a “hold” rating to a “buy” rating in a report on Thursday, April 21st. Zacks Investment Research upgraded shares of TTEC from a “hold” rating to a “buy” rating and set a $86.00 target price on the stock in a report on Thursday, March 10th. Finally, Morgan Stanley downgraded shares of TTEC from an “equal weight” rating to an “underweight” rating and lowered their target price for the stock from $100.00 to $90.00 in a report on Monday, January 10th. One investment analyst has rated the stock with a sell rating and six have given a buy rating to the company. According to MarketBeat, TTEC has an average rating of “Buy” and a consensus target price of $107.67.

In other TTEC news, Director Gregory A. Conley sold 2,500 shares of the company’s stock in a transaction on Thursday, March 17th. The shares were sold at an average price of $83.00, for a total value of $207,500.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 60.90% of the stock is owned by insiders.

Hedge funds have recently added to or reduced their stakes in the stock. First Horizon Advisors Inc. grew its stake in shares of TTEC by 186.8% in the fourth quarter. First Horizon Advisors Inc. now owns 327 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 213 shares in the last quarter. Covestor Ltd bought a new stake in TTEC during the fourth quarter worth about $50,000. AdvisorNet Financial Inc lifted its position in TTEC by 68.1% during the fourth quarter. AdvisorNet Financial Inc now owns 600 shares of the business services provider’s stock worth $54,000 after purchasing an additional 243 shares during the period. Fieldpoint Private Securities LLC lifted its position in TTEC by 14.6% during the fourth quarter. Fieldpoint Private Securities LLC now owns 1,285 shares of the business services provider’s stock worth $116,000 after purchasing an additional 164 shares during the period. Finally, Point72 Hong Kong Ltd bought a new stake in TTEC during the third quarter worth about $141,000. Institutional investors and hedge funds own 35.96% of the company’s stock.

Shares of TTEC stock traded down $3.79 during trading on Tuesday, reaching $75.15. The company’s stock had a trading volume of 125,776 shares, compared to its average volume of 142,739. The business has a fifty day moving average price of $79.78 and a 200-day moving average price of $84.50. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 1.47. The company has a market cap of $3.53 billion, a price-to-earnings ratio of 25.30, a price-to-earnings-growth ratio of 2.75 and a beta of 0.89. TTEC has a one year low of $68.83 and a one year high of $113.37.

The business also recently disclosed a Semi-Annual dividend, which was paid on Wednesday, April 20th. Shareholders of record on Thursday, March 31st were issued a $0.50 dividend. This is an increase from TTEC’s previous Semi-Annual dividend of $0.47. This represents a dividend yield of 1.3%. The ex-dividend date of this dividend was Wednesday, March 30th. TTEC’s payout ratio is currently 33.67%.

About TTEC (Get Rating)

TTEC Holdings, Inc, a customer experience technology and services company, that designs, builds, orchestrates, and delivers digitally enabled customer experiences designed for various brands. It operates in two segments, TTEC Digital and TTEC Engage. The TTEC Digital segments designs, builds, and operates robust digital experiences for clients and their customers through the contextual integration and orchestration of customer relationship management, data, analytics, customer experience as a service technology, and intelligent automation to ensure customer experience (CX) outcomes.

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