TTEC Holdings Inc (NASDAQ:TTEC) – Equities research analysts at SunTrust Banks decreased their Q1 2018 earnings per share (EPS) estimates for shares of TTEC in a note issued to investors on Wednesday, March 14th, according to Zacks Investment Research. SunTrust Banks analyst F. Atkins now expects that the business services provider will earn $0.35 per share for the quarter, down from their previous forecast of $0.48. SunTrust Banks also issued estimates for TTEC’s Q2 2018 earnings at $0.37 EPS, Q3 2018 earnings at $0.57 EPS, Q4 2018 earnings at $0.70 EPS, FY2018 earnings at $1.99 EPS, Q1 2019 earnings at $0.42 EPS and Q2 2019 earnings at $0.46 EPS.
TTEC (NASDAQ:TTEC) last issued its quarterly earnings results on Monday, March 12th. The business services provider reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.07. TTEC had a return on equity of 22.28% and a net margin of 0.49%. The business had revenue of $426.60 million for the quarter, compared to the consensus estimate of $383.75 million. During the same quarter in the previous year, the company posted $0.42 earnings per share. TTEC’s revenue for the quarter was up 23.7% compared to the same quarter last year.
Several other research firms have also recently commented on TTEC. BidaskClub raised TTEC from a “sell” rating to a “hold” rating in a report on Thursday, December 21st. Zacks Investment Research cut TTEC from a “buy” rating to a “hold” rating in a report on Thursday, January 11th. Finally, TheStreet lowered TTEC from a “b-” rating to a “c” rating in a research report on Monday, March 12th. Two investment analysts have rated the stock with a sell rating and two have assigned a hold rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $44.00.
Shares of TTEC traded down $0.70 during trading hours on Friday, hitting $30.20. 149,242 shares of the company were exchanged, compared to its average volume of 83,050. TTEC has a 52 week low of $28.65 and a 52 week high of $43.75. The company has a debt-to-equity ratio of 0.95, a quick ratio of 2.69 and a current ratio of 2.69. The company has a market cap of $1,417.58, a PE ratio of 16.70, a price-to-earnings-growth ratio of 1.58 and a beta of 0.93.
Institutional investors have recently bought and sold shares of the stock. BlackRock Inc. boosted its holdings in shares of TTEC by 2.9% during the fourth quarter. BlackRock Inc. now owns 1,878,590 shares of the business services provider’s stock worth $75,612,000 after acquiring an additional 52,906 shares during the period. Boston Partners boosted its holdings in shares of TTEC by 9.4% during the fourth quarter. Boston Partners now owns 1,409,532 shares of the business services provider’s stock worth $56,733,000 after acquiring an additional 120,797 shares during the period. Ameriprise Financial Inc. boosted its holdings in shares of TTEC by 10.0% during the third quarter. Ameriprise Financial Inc. now owns 336,946 shares of the business services provider’s stock worth $14,067,000 after acquiring an additional 30,680 shares during the period. Geode Capital Management LLC boosted its holdings in shares of TTEC by 101.3% during the fourth quarter. Geode Capital Management LLC now owns 323,762 shares of the business services provider’s stock worth $13,030,000 after acquiring an additional 162,913 shares during the period. Finally, Renaissance Technologies LLC boosted its holdings in shares of TTEC by 15.7% during the fourth quarter. Renaissance Technologies LLC now owns 241,400 shares of the business services provider’s stock worth $9,716,000 after acquiring an additional 32,800 shares during the period. Institutional investors and hedge funds own 25.73% of the company’s stock.
In related news, EVP Robert N. Jimenez sold 6,000 shares of TTEC stock in a transaction dated Tuesday, March 20th. The stock was sold at an average price of $32.55, for a total transaction of $195,300.00. Following the completion of the transaction, the executive vice president now owns 5,234 shares in the company, valued at $170,366.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Robert N. Jimenez sold 4,000 shares of TTEC stock in a transaction dated Friday, March 16th. The stock was sold at an average price of $32.81, for a total value of $131,240.00. Following the transaction, the executive vice president now owns 15,953 shares of the company’s stock, valued at approximately $523,417.93. The disclosure for this sale can be found here. Company insiders own 70.00% of the company’s stock.
The firm also recently disclosed a semiannual dividend, which will be paid on Thursday, April 12th. Investors of record on Friday, March 30th will be paid a dividend of $0.27 per share. This represents a yield of 1.48%. The ex-dividend date of this dividend is Wednesday, March 28th. This is an increase from TTEC’s previous semiannual dividend of $0.22. TTEC’s dividend payout ratio (DPR) is presently 30.00%.
COPYRIGHT VIOLATION NOTICE: This piece of content was originally posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this piece of content on another domain, it was stolen and republished in violation of United States & international trademark & copyright law. The legal version of this piece of content can be read at https://www.dispatchtribunal.com/2018/04/07/q1-2018-earnings-estimate-for-ttec-holdings-inc-issued-by-suntrust-banks-ttec.html.
TTEC Company Profile
TTEC Holdings, Inc, formerly TeleTech Holdings, Inc, is a customer service provider that delivers consulting, technology, growth and customer care solutions on a global scale. The Company operates through four segments: Customer Management Services (CMS), Customer Growth Services (CGS), Customer Technology Services (CTS) and Customer Strategy Services (CSS).
Get a free copy of the Zacks research report on TTEC (TTEC)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for TTEC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TTEC and related companies with MarketBeat.com's FREE daily email newsletter.