Brokerages Expect TTEC Holdings, Inc. (NASDAQ:TTEC) Will Post Earnings of $0.86 Per Share

Brokerages predict that TTEC Holdings, Inc. (NASDAQ:TTEC) will announce earnings per share of $0.86 for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for TTEC’s earnings, with the highest EPS estimate coming in at $0.95 and the lowest estimate coming in at $0.82. TTEC posted earnings per share of $0.90 during the same quarter last year, which suggests a negative year over year growth rate of 4.4%. The business is scheduled to report its next earnings results on Wednesday, November 3rd.

According to Zacks, analysts expect that TTEC will report full-year earnings of $4.46 per share for the current fiscal year, with EPS estimates ranging from $4.40 to $4.50. For the next year, analysts forecast that the business will report earnings of $4.87 per share, with EPS estimates ranging from $4.62 to $5.04. Zacks’ EPS averages are a mean average based on a survey of research analysts that follow TTEC.

TTEC (NASDAQ:TTEC) last released its quarterly earnings data on Tuesday, August 3rd. The business services provider reported $1.27 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.41. The firm had revenue of $554.79 million for the quarter, compared to analyst estimates of $535.22 million. TTEC had a net margin of 7.58% and a return on equity of 40.58%.

Several research firms have commented on TTEC. Canaccord Genuity upped their price objective on TTEC from $125.00 to $130.00 and gave the stock a “buy” rating in a research report on Thursday, August 5th. Zacks Investment Research downgraded shares of TTEC from a “buy” rating to a “hold” rating in a report on Wednesday, August 11th. William Blair reaffirmed a “buy” rating on shares of TTEC in a report on Wednesday, August 25th. Finally, Morgan Stanley increased their target price on shares of TTEC from $95.00 to $104.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 5th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, TTEC currently has a consensus rating of “Buy” and an average price target of $114.60.

TTEC stock traded up $2.17 during midday trading on Friday, hitting $96.04. 3,357 shares of the company were exchanged, compared to its average volume of 137,201. The business has a fifty day simple moving average of $103.06 and a two-hundred day simple moving average of $102.23. The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.72 and a current ratio of 1.72. The firm has a market capitalization of $4.51 billion, a PE ratio of 27.52, a price-to-earnings-growth ratio of 1.76 and a beta of 0.80. TTEC has a fifty-two week low of $51.29 and a fifty-two week high of $113.37.

In other TTEC news, CEO Kenneth D. Tuchman sold 11,000 shares of the stock in a transaction that occurred on Monday, August 16th. The stock was sold at an average price of $105.49, for a total transaction of $1,160,390.00. Following the completion of the transaction, the chief executive officer now owns 6,676,901 shares of the company’s stock, valued at $704,346,286.49. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Kenneth D. Tuchman sold 12,600 shares of the business’s stock in a transaction dated Wednesday, August 25th. The stock was sold at an average price of $105.69, for a total transaction of $1,331,694.00. Following the transaction, the chief executive officer now owns 6,649,001 shares in the company, valued at $702,732,915.69. The disclosure for this sale can be found here. Insiders have sold 122,400 shares of company stock valued at $13,162,052 over the last 90 days. 60.90% of the stock is currently owned by company insiders.

A number of large investors have recently modified their holdings of TTEC. Cubist Systematic Strategies LLC raised its stake in shares of TTEC by 0.8% in the second quarter. Cubist Systematic Strategies LLC now owns 15,989 shares of the business services provider’s stock valued at $1,648,000 after acquiring an additional 129 shares in the last quarter. FMR LLC lifted its holdings in shares of TTEC by 6.4% in the 2nd quarter. FMR LLC now owns 2,247 shares of the business services provider’s stock valued at $231,000 after purchasing an additional 136 shares during the last quarter. Mutual of America Capital Management LLC lifted its stake in TTEC by 6.9% in the first quarter. Mutual of America Capital Management LLC now owns 2,434 shares of the business services provider’s stock valued at $244,000 after buying an additional 158 shares during the last quarter. UBS Asset Management Americas Inc. increased its holdings in shares of TTEC by 1.2% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 20,171 shares of the business services provider’s stock valued at $2,079,000 after acquiring an additional 230 shares during the period. Finally, Commonwealth Equity Services LLC raised its position in TTEC by 2.4% in the 2nd quarter. Commonwealth Equity Services LLC now owns 10,128 shares of the business services provider’s stock valued at $1,044,000 after purchasing an additional 241 shares during the last quarter. Institutional investors own 35.66% of the company’s stock.

TTEC Company Profile

TTEC Holdings, Inc is a digital global customer experience technology and services company. It focuses on the design, implementation and delivery of transformative solutions for many of brands. The firm operates through the following segments: TTEC Digital and TTEC Engage. The TTEC Digital segment provides design, build and operate tech-enabled, insight-driven CX solutions.

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Earnings History and Estimates for TTEC (NASDAQ:TTEC)

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