TTEC (TTEC) Scheduled to Post Earnings on Wednesday

TTEC (NASDAQ:TTEC) is set to release its earnings data after the market closes on Wednesday, May 8th. Analysts expect TTEC to post earnings of $0.30 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

TTEC (NASDAQ:TTEC) last issued its quarterly earnings data on Thursday, February 29th. The business services provider reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.04). TTEC had a return on equity of 13.74% and a net margin of 0.34%. The business had revenue of $626.18 million during the quarter, compared to analysts’ expectations of $602.98 million. On average, analysts expect TTEC to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

TTEC Price Performance

TTEC stock opened at $7.66 on Monday. TTEC has a 12 month low of $7.17 and a 12 month high of $36.70. The company has a 50-day moving average price of $10.19 and a 200 day moving average price of $16.52. The stock has a market cap of $363.47 million, a PE ratio of 42.56, a P/E/G ratio of 0.83 and a beta of 1.06. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 1.62.

TTEC Cuts Dividend

The business also recently disclosed a Semi-Annual dividend, which was paid on Tuesday, April 30th. Investors of record on Wednesday, April 3rd were issued a dividend of $0.06 per share. The ex-dividend date of this dividend was Tuesday, April 2nd. This represents a yield of 4.6%. TTEC’s payout ratio is 66.67%.

Wall Street Analyst Weigh In

TTEC has been the subject of several recent research reports. Guggenheim initiated coverage on shares of TTEC in a report on Tuesday, March 19th. They issued a “sell” rating and a $8.00 price target for the company. Canaccord Genuity Group lowered shares of TTEC from a “buy” rating to a “hold” rating in a report on Wednesday, March 6th. Canaccord Genuity Group restated a “hold” rating and issued a $13.00 price target (down previously from $30.00) on shares of TTEC in a report on Wednesday, March 6th. Finally, Barrington Research lowered shares of TTEC from an “outperform” rating to a “market perform” rating in a report on Monday, March 4th. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $17.50.

About TTEC

TTEC Holdings, Inc operates as a customer experience (CX) company that designs, builds, and operates technology-enabled customer experiences across digital and live interaction channels. It operates through two segments, TTEC Digital and TTEC Engage. The TTEC Digital segment provides CX technologies for contact center as a service, customer relationship management, and artificial intelligence (AI) and analytics; creates and implements strategic CX transformation roadmaps; sells, operates, and provides managed services for cloud platforms and premise based CX technologies; creates proprietary IP to support industry specific and custom client needs; and offers CX consulting services.