TTEC (NASDAQ:TTEC) Releases FY 2024 Earnings Guidance

TTEC (NASDAQ:TTEC) issued an update on its FY 2024 earnings guidance on Wednesday morning. 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

TTEC traded down $0.20 on Friday, hitting $4.60. The company had a trading volume of 642,108 shares, compared to its average volume of 548,005. The company’s fifty day moving average price is $5.06 and its 200 day moving average price is $5.95. TTEC has a 1-year low of $3.67 and a 1-year high of $22.69. The company has a debt-to-equity ratio of 3.06, a current ratio of 1.56 and a quick ratio of 1.56. The stock has a market cap of $219.51 million, a price-to-earnings ratio of -0.66, a price-to-earnings-growth ratio of 3.06 and a beta of 1.05.

TTEC (NASDAQ:TTEC) last posted its earnings results on Thursday, August 8th. The business services provider reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.14). The company had revenue of $534.09 million during the quarter, compared to analyst estimates of $554.67 million. TTEC had a positive return on equity of 4.47% and a negative net margin of 14.69%. Equities analysts predict that TTEC will post 0.44 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on TTEC. StockNews.com raised shares of TTEC from a “sell” rating to a “hold” rating in a research note on Thursday. Northland Securities reduced their price target on shares of TTEC from $19.00 to $16.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 13th. Canaccord Genuity Group reduced their price target on shares of TTEC from $8.00 to $4.50 and set a “hold” rating on the stock in a research report on Tuesday, August 13th. Finally, Guggenheim upgraded shares of TTEC from a “sell” rating to a “neutral” rating in a research report on Tuesday, October 1st. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, TTEC has a consensus rating of “Hold” and a consensus price target of $11.90.

TTEC Company Profile

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.