Equities analysts predict that TTEC Holdings Inc (NASDAQ:TTEC) will announce $356.49 million in sales for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for TTEC’s earnings. The highest sales estimate is $359.20 million and the lowest is $353.79 million. TTEC reported sales of $359.04 million during the same quarter last year, which would indicate a negative year over year growth rate of 0.7%. The company is expected to issue its next earnings results on Wednesday, November 14th.
According to Zacks, analysts expect that TTEC will report full-year sales of $1.50 billion for the current financial year. For the next financial year, analysts expect that the firm will report sales of $1.56 billion, with estimates ranging from $1.55 billion to $1.56 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover TTEC.
TTEC (NASDAQ:TTEC) last issued its quarterly earnings results on Tuesday, August 7th. The business services provider reported $0.22 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by ($0.06). The company had revenue of $349.85 million for the quarter, compared to analyst estimates of $345.73 million. TTEC had a positive return on equity of 21.80% and a negative net margin of 1.10%.
TTEC has been the topic of several research reports. ValuEngine downgraded shares of TTEC from a “hold” rating to a “sell” rating in a research report on Friday, June 29th. BidaskClub downgraded shares of TTEC from a “hold” rating to a “sell” rating in a research report on Thursday, July 12th. Finally, Zacks Investment Research downgraded shares of TTEC from a “hold” rating to a “sell” rating in a research report on Saturday, August 11th.
Shares of NASDAQ TTEC opened at $24.33 on Friday. The stock has a market cap of $1.20 billion, a P/E ratio of 13.68, a P/E/G ratio of 2.01 and a beta of 0.80. The company has a debt-to-equity ratio of 0.87, a quick ratio of 2.38 and a current ratio of 2.38. TTEC has a 12-month low of $23.50 and a 12-month high of $43.75.
The business also recently declared a semiannual dividend, which will be paid on Friday, October 19th. Investors of record on Tuesday, October 9th will be given a dividend of $0.28 per share. This is an increase from TTEC’s previous semiannual dividend of $0.27. The ex-dividend date is Friday, October 5th. This represents a yield of 2.16%. TTEC’s dividend payout ratio is 31.11%.
A number of hedge funds and other institutional investors have recently modified their holdings of TTEC. Northern Trust Corp lifted its position in TTEC by 36.2% during the 1st quarter. Northern Trust Corp now owns 283,826 shares of the business services provider’s stock worth $8,713,000 after buying an additional 75,393 shares in the last quarter. BlackRock Inc. raised its holdings in TTEC by 0.9% during the 1st quarter. BlackRock Inc. now owns 1,896,189 shares of the business services provider’s stock worth $58,212,000 after purchasing an additional 17,599 shares during the last quarter. GSA Capital Partners LLP bought a new stake in TTEC during the 1st quarter worth about $473,000. OppenheimerFunds Inc. raised its holdings in TTEC by 9.5% during the 1st quarter. OppenheimerFunds Inc. now owns 26,399 shares of the business services provider’s stock worth $810,000 after purchasing an additional 2,297 shares during the last quarter. Finally, Citadel Advisors LLC raised its holdings in TTEC by 300.1% during the 1st quarter. Citadel Advisors LLC now owns 31,651 shares of the business services provider’s stock worth $971,000 after purchasing an additional 23,741 shares during the last quarter. Institutional investors and hedge funds own 24.70% of the company’s stock.
TTEC Company Profile
TTEC Holdings, Inc designs, builds, and operates omni-channel customer experiences. It operates through four segments: Customer Management Services (CMS), Customer Growth Services (CGS), Customer Technology Services (CTS), and Customer Strategy Services (CSS). The CMS segment offers customer experience delivery solutions, which integrate technology with customer experience professionals to optimize the customer experience across various channels and stages of the customer lifecycle from an onshore, offshore, or work-from-home environments.
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