TeleTech (NASDAQ:TTEC) Issues Quarterly Earnings Results

TeleTech (NASDAQ:TTEC) issued its quarterly earnings results on Monday. The business services provider reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.02, FiscalAI reports. TeleTech had a negative net margin of 9.96% and a positive return on equity of 29.41%. The firm had revenue of $492.25 million for the quarter, compared to analyst estimates of $480.20 million.

TeleTech Stock Up 72.0%

Shares of TTEC opened at $2.40 on Wednesday. The firm has a market cap of $118.32 million, a P/E ratio of -0.58, a price-to-earnings-growth ratio of 0.47 and a beta of 0.90. The company has a debt-to-equity ratio of 9.41, a quick ratio of 1.87 and a current ratio of 1.87. TeleTech has a 52 week low of $1.18 and a 52 week high of $3.98. The firm’s 50-day simple moving average is $1.43 and its 200 day simple moving average is $2.19.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on TTEC shares. Weiss Ratings restated a “sell (e+)” rating on shares of TeleTech in a report on Thursday, October 15th. Zacks Research raised TeleTech from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 4th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Reduce”.

TeleTech Company Profile

TeleTech, now known as TTEC Holdings, Inc. (NASDAQ:TTEC), is a global customer experience technology and services company. Founded in 1982 by Kenneth Tuchman, the company helps organizations design, build and manage customer interactions across digital and traditional channels. TTEC’s services include customer care, technical support, sales and marketing, trust and safety, consulting, artificial intelligence, automation, analytics, cloud technologies and customer experience strategy. Its offerings are delivered through a combination of customer experience software, technology platforms and outsourced business-process services.