TTEC Holdings Inc (NASDAQ:TTEC) Expected to Post Q1 2018 Earnings of $0.35 Per Share

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.

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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%.

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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).

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