TTEC Holdings, Inc. (NASDAQ:TTEC) Expected to Post Quarterly Sales of $573.66 Million

Analysts expect TTEC Holdings, Inc. (NASDAQ:TTEC – Get Rating) to announce $573.66 million in sales for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for TTEC’s earnings, with the highest sales estimate coming in at $574.50 million and the lowest estimate coming in at $572.31 million. TTEC posted sales of $539.22 million during the same quarter last year, which suggests a positive year over year growth rate of 6.4%. The business is expected to issue its next quarterly earnings report after the market closes on Monday, January 1st.

On average, analysts expect that TTEC will report full-year sales of $2.59 billion for the current financial year, with estimates ranging from $2.58 billion to $2.59 billion. For the next year, analysts anticipate that the business will report sales of $2.80 billion, with estimates ranging from $2.78 billion to $2.85 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that follow TTEC.

TTEC (NASDAQ:TTEC – Get Rating) last posted its quarterly earnings results on Tuesday, March 1st. The business services provider reported $0.61 EPS for the quarter, missing the consensus estimate of $0.84 by ($0.23). The company had revenue of $612.32 million for the quarter, compared to analyst estimates 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 quarter in the prior year, the business posted $1.22 earnings per share.

A number of equities research analysts have weighed in on TTEC shares. Craig Hallum decreased their price target on shares of TTEC from $130.00 to $120.00 in a research note on Thursday, March 3rd. StockNews.com raised shares of TTEC from a “hold” rating to a “buy” rating in a report on Thursday, April 21st. Barrington Research assumed coverage on shares of TTEC in a report on Friday, April 22nd. They set an “outperform” rating and a $100.00 price objective on the stock. Canaccord Genuity Group reduced their target price on shares of TTEC from $130.00 to $120.00 in a research note on Thursday, March 3rd. Finally, Zacks Investment Research raised shares of TTEC from a “hold” rating to a “buy” rating and set a $86.00 target price on the stock in a research note on Thursday, March 10th. One analyst has rated the stock with a sell rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, TTEC currently has a consensus 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 business’s stock in a transaction dated Thursday, March 17th. The stock was sold at an average price of $83.00, for a total transaction of $207,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 60.90% of the stock is owned by insiders.

A number of hedge funds have recently made changes to their positions in the stock. Ironwood Investment Management LLC raised its position in shares of TTEC by 0.5% during the fourth quarter. Ironwood Investment Management LLC now owns 30,425 shares of the business services provider’s stock worth $2,755,000 after purchasing an additional 141 shares during the period. Fieldpoint Private Securities LLC grew its stake in TTEC by 14.6% in the 4th quarter. Fieldpoint Private Securities LLC now owns 1,285 shares of the business services provider’s stock valued at $116,000 after purchasing an additional 164 shares during the period. Maryland State Retirement & Pension System grew its stake in TTEC by 2.4% in the 1st quarter. Maryland State Retirement & Pension System now owns 7,413 shares of the business services provider’s stock valued at $612,000 after purchasing an additional 177 shares during the period. Argent Trust Co grew its stake in shares of TTEC by 8.2% during the 4th quarter. Argent Trust Co now owns 2,535 shares of the business services provider’s stock worth $229,000 after acquiring an additional 192 shares during the period. Finally, Royal Bank of Canada grew its stake in shares of TTEC by 0.6% during the 3rd quarter. Royal Bank of Canada now owns 32,426 shares of the business services provider’s stock worth $3,034,000 after acquiring an additional 199 shares during the period. Institutional investors and hedge funds own 35.96% of the company’s stock.

Shares of TTEC stock opened at $74.22 on Thursday. TTEC has a 1 year low of $68.83 and a 1 year high of $113.37. The firm’s fifty day simple moving average is $79.71 and its 200 day simple moving average is $84.43. The firm has a market capitalization of $3.49 billion, a P/E ratio of 24.99, a price-to-earnings-growth ratio of 2.75 and a beta of 0.89. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 1.47.

The company also recently announced a Semi-Annual dividend, which was paid on Wednesday, April 20th. Stockholders of record on Thursday, March 31st were issued a dividend of $0.50 per share. The ex-dividend date was Wednesday, March 30th. This represents a dividend yield of 1.3%. This is an increase from TTEC’s previous Semi-Annual dividend of $0.47. TTEC’s dividend payout ratio (DPR) 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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