TTEC (NASDAQ:TTEC) Releases FY 2022 Earnings Guidance

TTEC (NASDAQ:TTECGet Rating) issued an update on its FY 2022 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $4.70-$4.97 for the period, compared to the consensus estimate of $4.82. The company issued revenue guidance of $2.58 billion-$2.60 billion, compared to the consensus revenue estimate of $2.59 billion.TTEC also updated its Q2 2022 guidance to $0.81-$0.87 EPS.

Shares of TTEC stock opened at $63.40 on Wednesday. The business’s 50 day moving average is $78.50 and its two-hundred day moving average is $82.90. TTEC has a 12-month low of $61.96 and a 12-month high of $113.37. The company has a market capitalization of $2.98 billion, a P/E ratio of 24.20, a P/E/G ratio of 1.21 and a beta of 0.92. The company has a current ratio of 1.60, a quick ratio of 1.57 and a debt-to-equity ratio of 1.46.

TTEC (NASDAQ:TTECGet Rating) last issued its quarterly earnings data on Wednesday, May 4th. The business services provider reported $1.08 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.07. The company had revenue of $588.70 million during the quarter, compared to analyst estimates of $573.72 million. TTEC had a return on equity of 26.00% and a net margin of 5.33%. The firm’s revenue for the quarter was up 9.2% compared to the same quarter last year. During the same period in the prior year, the business posted $1.17 earnings per share. On average, research analysts predict that TTEC will post 4.58 earnings per share for the current fiscal year.

The firm also recently declared a Semi-Annual dividend, which was paid on Wednesday, April 20th. Shareholders of record on Thursday, March 31st were paid a $0.50 dividend. The ex-dividend date of this dividend was Wednesday, March 30th. This is a boost from TTEC’s previous Semi-Annual dividend of $0.47. This represents a yield of 1.3%. TTEC’s dividend payout ratio (DPR) is currently 38.17%.

A number of research firms have recently commented on TTEC. Zacks Investment Research cut TTEC from a hold rating to a sell rating in a research report on Tuesday. Barrington Research began coverage on TTEC in a report on Friday, April 22nd. They issued an outperform rating and a $100.00 price objective on the stock. StockNews.com lowered TTEC from a buy rating to a hold rating in a research note on Friday, May 6th. Craig Hallum cut their price objective on TTEC from $130.00 to $120.00 in a research report on Thursday, March 3rd. Finally, Canaccord Genuity Group cut their price objective on TTEC from $130.00 to $120.00 in a research report on Thursday, March 3rd. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of Hold and an average price target of $107.67.

In related news, Director Gregory A. Conley sold 2,500 shares of the firm’s stock in a transaction that occurred 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 60.30% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in TTEC. LPL Financial LLC acquired a new stake in shares of TTEC during the 3rd quarter valued at about $478,000. Millennium Management LLC acquired a new position in TTEC during the second quarter valued at approximately $560,000. Jane Street Group LLC acquired a new position in shares of TTEC in the third quarter valued at approximately $724,000. D. E. Shaw & Co. Inc. acquired a new position in TTEC during the fourth quarter worth $912,000. Finally, Allianz Asset Management GmbH raised its position in TTEC by 98.1% during the fourth quarter. Allianz Asset Management GmbH now owns 18,746 shares of the business services provider’s stock worth $1,697,000 after acquiring an additional 9,283 shares in the last quarter. Hedge funds and other institutional investors own 37.93% of the company’s stock.

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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