TELUS International (Cda) (TIXT) Scheduled to Post Quarterly Earnings on Friday

TELUS International (Cda) (NYSE:TIXT – Get Rating) is set to post its quarterly earnings results before the market opens on Friday, May 6th. Analysts expect TELUS International (Cda) to post earnings of $0.23 per share for the quarter. TELUS International (Cda) has set its FY 2022 guidance at $1.180-$1.230 EPS.Investors that wish to listen to the company’s conference call can do so using this link.

TELUS International (Cda) (NYSE:TIXT – Get Rating) last issued its quarterly earnings results on Thursday, February 10th. The company reported $0.25 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.02. TELUS International (Cda) had a return on equity of 12.74% and a net margin of 3.56%. The business had revenue of $600.00 million for the quarter, compared to analyst estimates of $595.35 million. On average, analysts expect TELUS International (Cda) to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Shares of TIXT stock opened at $22.86 on Friday. TELUS International has a fifty-two week low of $21.56 and a fifty-two week high of $39.91. The firm has a market capitalization of $6.08 billion, a price-to-earnings ratio of 78.83, a PEG ratio of 1.06 and a beta of 1.16. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.78 and a current ratio of 0.78. The stock’s 50-day simple moving average is $24.07 and its 200-day simple moving average is $29.54.

A number of equities research analysts recently commented on the company. Bank of America downgraded TELUS International (Cda) from a “buy” rating to an “underperform” rating and decreased their target price for the stock from $38.00 to $35.00 in a report on Thursday, January 6th. Morgan Stanley decreased their price target on TELUS International (Cda) from $34.00 to $31.00 and set an “equal weight” rating for the company in a report on Friday, February 11th. Wells Fargo & Company initiated coverage on TELUS International (Cda) in a report on Monday, April 4th. They issued an “overweight” rating and a $35.00 price target for the company. TD Securities decreased their price target on TELUS International (Cda) from $44.00 to $38.00 and set a “buy” rating for the company in a report on Friday, February 11th. Finally, Citigroup decreased their target price on TELUS International (Cda) from $36.00 to $32.00 in a research report on Wednesday, April 20th. One research analyst has rated the stock with a sell rating, two have given a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $37.42.

Several institutional investors and hedge funds have recently made changes to their positions in TIXT. BlackRock Inc. acquired a new position in TELUS International (Cda) during the fourth quarter worth approximately $555,000. The Manufacturers Life Insurance Company increased its position in TELUS International (Cda) by 3.2% during the fourth quarter. The Manufacturers Life Insurance Company now owns 3,789,447 shares of the company’s stock worth $125,049,000 after buying an additional 117,456 shares during the period. Legal & General Group Plc increased its position in TELUS International (Cda) by 82.3% during the fourth quarter. Legal & General Group Plc now owns 13,893 shares of the company’s stock worth $459,000 after buying an additional 6,271 shares during the period. D. E. Shaw & Co. Inc. increased its holdings in shares of TELUS International (Cda) by 37.7% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 11,154 shares of the company’s stock valued at $369,000 after purchasing an additional 3,054 shares during the period. Finally, Credit Suisse AG acquired a new position in shares of TELUS International (Cda) in the fourth quarter valued at approximately $269,000. Institutional investors and hedge funds own 19.25% of the company’s stock.

About TELUS International (Cda) (Get Rating)

TELUS International (Cda) Inc provides customer experience and digital business services in Europe, North America, the Asia-Pacific, and the Central America. It offers digital experience solutions, such as AI and bots, omnichannel CX, mobility solutions, cloud contact center, big data, platform transformation, and UX/UI design; and customer experience solutions, including work anywhere/work from home, customer care, technical support, sales growth and retention, and healthcare/patient experience.

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