TTEC Holdings, Inc. (NASDAQ:TTEC) Expected to Announce Earnings of $1.01 Per Share

Equities research analysts predict that TTEC Holdings, Inc. (NASDAQ:TTECGet Rating) will report earnings of $1.01 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for TTEC’s earnings. The lowest EPS estimate is $0.85 and the highest is $1.19. TTEC reported earnings of $1.27 per share in the same quarter last year, which would indicate a negative year over year growth rate of 20.5%. The firm is expected to issue its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that TTEC will report full-year earnings of $4.85 per share for the current year, with EPS estimates ranging from $4.84 to $4.88. For the next year, analysts anticipate that the business will post earnings of $5.37 per share, with EPS estimates ranging from $5.25 to $5.48. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for TTEC.

TTEC (NASDAQ:TTECGet Rating) last announced its quarterly earnings data on Wednesday, May 4th. The business services provider reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.07. TTEC had a return on equity of 26.00% and a net margin of 5.33%. The business had revenue of $588.70 million for the quarter, compared to analysts’ expectations of $573.72 million. During the same period in the previous year, the business posted $1.17 EPS. The firm’s quarterly revenue was up 9.2% compared to the same quarter last year.

Several equities research analysts have recently weighed in on TTEC shares. Zacks Investment Research cut TTEC from a “hold” rating to a “sell” rating in a research report on Tuesday, May 10th. Craig Hallum decreased their price target on TTEC from $130.00 to $120.00 in a research report on Thursday, March 3rd. Canaccord Genuity Group decreased their price target on TTEC from $130.00 to $120.00 in a research report on Thursday, March 3rd. StockNews.com cut TTEC from a “buy” rating to a “hold” rating in a research report on Friday, May 6th. Finally, Barrington Research started coverage on TTEC in a research report on Friday, April 22nd. They set an “outperform” rating and a $100.00 price target on the stock. Two analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $107.67.

Shares of TTEC stock opened at $63.66 on Tuesday. TTEC has a 52-week low of $58.99 and a 52-week high of $113.37. The stock’s 50-day simple moving average is $77.45 and its 200 day simple moving average is $82.00. The stock has a market capitalization of $2.99 billion, a P/E ratio of 24.30, a P/E/G ratio of 1.16 and a beta of 0.92. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.60 and a current ratio of 1.60.

The firm also recently disclosed 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. This is a positive change from TTEC’s previous Semi-Annual dividend of $0.47. The ex-dividend date was Wednesday, March 30th. This represents a dividend yield of 1.3%. TTEC’s payout ratio is presently 38.17%.

In other 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 60.30% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently modified their holdings of the business. First Horizon Advisors Inc. boosted its stake in TTEC by 186.8% in the fourth quarter. First Horizon Advisors Inc. now owns 327 shares of the business services provider’s stock worth $29,000 after buying an additional 213 shares in the last quarter. Benjamin Edwards Inc. purchased a new stake in TTEC in the first quarter worth approximately $29,000. Covestor Ltd purchased a new stake in shares of TTEC during the fourth quarter valued at approximately $50,000. AdvisorNet Financial Inc boosted its stake in shares of TTEC by 68.1% during the fourth quarter. AdvisorNet Financial Inc now owns 600 shares of the business services provider’s stock valued at $54,000 after purchasing an additional 243 shares during the period. Finally, Fieldpoint Private Securities LLC boosted its stake in shares of TTEC by 14.6% during the fourth 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. 37.93% of the stock is owned by institutional investors and hedge funds.

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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