TTEC (NASDAQ:TTEC) Updates FY 2024 Earnings Guidance

by · The Cerbat Gem

TTEC (NASDAQ:TTEC – Get Free Report) updated its FY 2024 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 0.640-0.830 for the period, compared to the consensus estimate of 0.800. The company issued revenue guidance of $2.2 billion-$2.3 billion, compared to the consensus revenue estimate of $2.2 billion.

TTEC Stock Performance

Shares of NASDAQ:TTEC traded up $0.17 during midday trading on Wednesday, reaching $5.43. The company had a trading volume of 574,721 shares, compared to its average volume of 542,979. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 3.06. TTEC has a one year low of $3.67 and a one year high of $22.69. The stock’s fifty day moving average price is $5.07 and its 200-day moving average price is $5.99.

TTEC (NASDAQ:TTEC – Get Free Report) last posted its quarterly earnings results on Thursday, August 8th. The business services provider reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.14). The business had revenue of $534.09 million during the quarter, compared to the consensus estimate of $554.67 million. TTEC had a positive return on equity of 7.38% and a negative net margin of 13.39%. As a group, equities research analysts anticipate that TTEC will post 0.44 EPS for the current fiscal year.

Analyst Ratings Changes

TTEC has been the topic of several research analyst reports. StockNews.com cut shares of TTEC from a “hold” rating to a “sell” rating in a report on Friday, September 6th. Northland Securities dropped their price objective on shares of TTEC from $19.00 to $16.00 and set an “outperform” rating on the stock in a report on Tuesday, August 13th. Guggenheim upgraded shares of TTEC from a “sell” rating to a “neutral” rating in a research report on Tuesday, October 1st. Finally, Canaccord Genuity Group cut their price target on shares of TTEC from $8.00 to $4.50 and set a “hold” rating for the company in a report on Tuesday, August 13th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $11.90.

View Our Latest Report on TTEC

TTEC Company Profile

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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.

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