National Bank Financial Comments on TELUS International (Cda) Inc.’s Q1 2024 Earnings (NYSE:TIXT)

TELUS International (Cda) Inc. (NYSE:TIXT) – Research analysts at National Bank Financial cut their Q1 2024 EPS estimates for TELUS International (Cda) in a note issued to investors on Wednesday, April 17th. National Bank Financial analyst R. Tse now forecasts that the company will post earnings per share of $0.18 for the quarter, down from their previous forecast of $0.19. The consensus estimate for TELUS International (Cda)’s current full-year earnings is $0.89 per share.

A number of other research analysts have also recently weighed in on TIXT. Robert W. Baird cut their price objective on shares of TELUS International (Cda) from $10.00 to $9.00 and set a “neutral” rating for the company in a report on Friday. Citigroup lifted their price objective on shares of TELUS International (Cda) from $9.00 to $10.00 and gave the company a “neutral” rating in a report on Monday, February 12th. Barclays lifted their target price on shares of TELUS International (Cda) from $10.00 to $12.00 and gave the company an “equal weight” rating in a research report on Monday, February 26th. CIBC dropped their target price on shares of TELUS International (Cda) from $21.50 to $20.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 20th. Finally, BMO Capital Markets lifted their target price on shares of TELUS International (Cda) from $8.00 to $10.50 and gave the company a “market perform” rating in a research report on Monday, February 12th. Eight research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $13.83.

TELUS International (Cda) Trading Down 0.1 %

Shares of TELUS International (Cda) stock opened at $7.81 on Friday. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.14 and a quick ratio of 1.14. The firm has a fifty day moving average price of $9.26 and a 200 day moving average price of $8.28. TELUS International has a 1 year low of $6.03 and a 1 year high of $21.75. The stock has a market cap of $834.34 million, a PE ratio of 52.07, a price-to-earnings-growth ratio of 8.37 and a beta of 0.90.

TELUS International (Cda) (NYSE:TIXT) last issued its earnings results on Friday, February 9th. The company reported $0.26 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.26. TELUS International (Cda) had a net margin of 1.99% and a return on equity of 11.74%. The firm had revenue of $692.00 million during the quarter, compared to analysts’ expectations of $691.00 million. During the same quarter last year, the company posted $0.34 earnings per share. The firm’s revenue was up 9.8% compared to the same quarter last year.

Hedge Funds Weigh In On TELUS International (Cda)

Institutional investors and hedge funds have recently bought and sold shares of the business. Lazard Asset Management LLC acquired a new position in TELUS International (Cda) during the first quarter worth about $46,000. Qube Research & Technologies Ltd acquired a new position in TELUS International (Cda) in the 3rd quarter valued at about $25,000. BNP Paribas Arbitrage SNC acquired a new position in TELUS International (Cda) in the 3rd quarter valued at about $101,000. Ronald Blue Trust Inc. acquired a new position in TELUS International (Cda) in the 3rd quarter valued at about $30,000. Finally, Citigroup Inc. boosted its holdings in TELUS International (Cda) by 18.8% in the 1st quarter. Citigroup Inc. now owns 4,781 shares of the company’s stock valued at $96,000 after purchasing an additional 755 shares during the last quarter. 59.55% of the stock is currently owned by institutional investors and hedge funds.

About TELUS International (Cda)

TELUS International (Cda) Inc design, builds, and delivers digital solutions for customer experience (CX) in the Asia-Pacific, the Central America, Europe, Africa, North America, and internationally. The company provides digital experience solutions, such as AI and bots, omnichannel CX, enterprise mobility solutions, cloud contact center, big data analytics, platform transformation, and UX/UI design; and customer experience solutions, including work anywhere/work from home, contact center outsourcing, technical support, sales growth and customer retention, healthcare/patient experience, and debt collection.