TTEC Holdings Inc (TTEC) Expected to Post Earnings of $0.19 Per Share

Wall Street analysts expect that TTEC Holdings Inc (NASDAQ:TTEC) will report $0.19 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for TTEC’s earnings, with the highest EPS estimate coming in at $0.19 and the lowest estimate coming in at $0.18. TTEC reported earnings of $0.38 per share in the same quarter last year, which would indicate a negative year over year growth rate of 50%. The firm is scheduled to issue its next earnings results after the market closes on Wednesday, November 7th.

On average, analysts expect that TTEC will report full-year earnings of $1.61 per share for the current fiscal year. For the next fiscal year, analysts expect that the business will report earnings of $1.96 per share, with EPS estimates ranging from $1.94 to $1.97. Zacks’ EPS averages are an average based on a survey of analysts that follow TTEC.

TTEC (NASDAQ:TTEC) last issued its quarterly earnings results on Tuesday, August 7th. The business services provider reported $0.22 EPS for the quarter, missing the Zacks’ consensus estimate of $0.28 by ($0.06). TTEC had a positive return on equity of 21.80% and a negative net margin of 1.10%. The firm had revenue of $349.85 million for the quarter, compared to analyst estimates of $345.73 million.

A number of brokerages have commented on TTEC. BidaskClub cut TTEC from a “hold” rating to a “sell” rating in a research report on Thursday, July 12th. ValuEngine cut TTEC from a “hold” rating to a “sell” rating in a research report on Thursday, July 19th. Finally, Zacks Investment Research cut TTEC from a “hold” rating to a “sell” rating in a research report on Saturday, August 11th.

TTEC traded up $0.16 on Friday, reaching $25.42. 33,096 shares of the stock were exchanged, compared to its average volume of 70,463. TTEC has a fifty-two week low of $23.50 and a fifty-two week high of $42.30. The company has a debt-to-equity ratio of 0.87, a quick ratio of 2.38 and a current ratio of 2.38. The stock has a market cap of $1.17 billion, a P/E ratio of 14.12, a P/E/G ratio of 1.97 and a beta of 0.73.

The business also recently disclosed a semiannual dividend, which was paid on Friday, October 19th. Shareholders of record on Tuesday, October 9th were paid a dividend of $0.28 per share. The ex-dividend date of this dividend was Friday, October 5th. This represents a dividend yield of 2.16%. This is a positive change from TTEC’s previous semiannual dividend of $0.27. TTEC’s dividend payout ratio (DPR) is presently 31.11%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TTEC. Segall Bryant & Hamill LLC purchased a new position in shares of TTEC during the 2nd quarter valued at about $9,166,000. BlackRock Inc. raised its stake in shares of TTEC by 9.0% during the 2nd quarter. BlackRock Inc. now owns 2,067,328 shares of the business services provider’s stock valued at $71,427,000 after buying an additional 171,139 shares during the last quarter. Millennium Management LLC purchased a new position in shares of TTEC during the 1st quarter valued at about $5,052,000. River Road Asset Management LLC purchased a new position in shares of TTEC during the 3rd quarter valued at about $2,330,000. Finally, Northern Trust Corp raised its stake in shares of TTEC by 36.2% during the 1st quarter. Northern Trust Corp now owns 283,826 shares of the business services provider’s stock valued at $8,713,000 after buying an additional 75,393 shares during the last quarter. Institutional investors and hedge funds own 24.69% 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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