TTEC Holdings Inc (TTEC) Expected to Announce Earnings of $0.76 Per Share

Equities analysts predict that TTEC Holdings Inc (NASDAQ:TTEC) will report earnings of $0.76 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for TTEC’s earnings, with estimates ranging from $0.74 to $0.78. TTEC reported earnings per share of $0.67 during the same quarter last year, which would suggest a positive year-over-year growth rate of 13.4%. The company is scheduled to issue its next earnings report on Monday, March 11th.

According to Zacks, analysts expect that TTEC will report full year earnings of $1.62 per share for the current fiscal year, with EPS estimates ranging from $1.60 to $1.63. For the next fiscal year, analysts forecast that the business will post earnings of $1.94 per share, with EPS estimates ranging from $1.90 to $1.98. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that follow TTEC.

TTEC (NASDAQ:TTEC) last released its quarterly earnings results on Wednesday, November 7th. The business services provider reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.04. TTEC had a negative net margin of 1.71% and a positive return on equity of 20.76%. The company had revenue of $364.94 million for the quarter, compared to the consensus estimate of $356.49 million.

A number of analysts have commented on the stock. Zacks Investment Research downgraded shares of TTEC from a “hold” rating to a “sell” rating in a research report on Thursday. BidaskClub upgraded shares of TTEC from a “hold” rating to a “buy” rating in a research report on Friday, December 28th. Finally, ValuEngine upgraded shares of TTEC from a “sell” rating to a “hold” rating in a research report on Monday, November 12th.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Ramsey Quantitative Systems raised its holdings in shares of TTEC by 123.5% in the 3rd quarter. Ramsey Quantitative Systems now owns 4,870 shares of the business services provider’s stock worth $126,000 after purchasing an additional 2,691 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of TTEC in the 2nd quarter worth approximately $199,000. Engineers Gate Manager LP bought a new stake in shares of TTEC in the 3rd quarter worth approximately $280,000. MetLife Investment Advisors LLC bought a new stake in shares of TTEC in the 3rd quarter worth approximately $286,000. Finally, Bailard Inc. bought a new stake in shares of TTEC in the 3rd quarter worth approximately $495,000. Institutional investors and hedge funds own 25.19% of the company’s stock.

TTEC stock opened at $32.84 on Friday. TTEC has a 52 week low of $23.01 and a 52 week high of $42.30. The stock has a market cap of $1.45 billion, a price-to-earnings ratio of 18.24, a P/E/G ratio of 2.02 and a beta of 0.74. The company has a debt-to-equity ratio of 0.83, a quick ratio of 2.07 and a current ratio of 2.07.

About TTEC

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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