Zacks: Brokerages Anticipate TTEC Holdings Inc (TTEC) Will Post Quarterly Sales of $384.09 Million
Brokerages forecast that TTEC Holdings Inc (NASDAQ:TTEC) will post sales of $384.09 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for TTEC’s earnings, with the lowest sales estimate coming in at $382.90 million and the highest estimate coming in at $385.28 million. TTEC reported sales of $375.25 million in the same quarter last year, which would suggest a positive year over year growth rate of 2.4%. The business is expected to announce its next quarterly earnings report on Tuesday, May 14th.
According to Zacks, analysts expect that TTEC will report full year sales of $1.62 billion for the current financial year, with estimates ranging from $1.62 billion to $1.63 billion. For the next financial year, analysts anticipate that the business will post sales of $1.71 billion, with estimates ranging from $1.69 billion to $1.73 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for TTEC.
TTEC (NASDAQ:TTEC) last posted its quarterly earnings data on Wednesday, March 6th. The business services provider reported $0.63 earnings per share for the quarter, missing the consensus estimate of $0.76 by ($0.13). The company had revenue of $419.13 million during the quarter, compared to analyst estimates of $410.19 million. TTEC had a net margin of 2.37% and a return on equity of 20.37%.
In related news, Director Gregory A. Conley sold 1,500 shares of TTEC stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $34.67, for a total transaction of $52,005.00. Following the transaction, the director now owns 10,286 shares of the company’s stock, valued at approximately $356,615.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 69.45% of the stock is owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. boosted its stake in TTEC by 481.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,721 shares of the business services provider’s stock worth $50,000 after acquiring an additional 1,425 shares during the last quarter. Bank of Montreal Can boosted its stake in TTEC by 88.7% during the 4th quarter. Bank of Montreal Can now owns 2,155 shares of the business services provider’s stock worth $62,000 after acquiring an additional 1,013 shares during the last quarter. Municipal Employees Retirement System of Michigan bought a new position in TTEC during the 4th quarter worth approximately $115,000. Metropolitan Life Insurance Co. NY boosted its stake in TTEC by 322.7% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 4,781 shares of the business services provider’s stock worth $137,000 after acquiring an additional 3,650 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund bought a new position in TTEC during the 4th quarter worth approximately $151,000. 26.86% of the stock is currently owned by institutional investors and hedge funds.
Shares of NASDAQ:TTEC traded down $0.05 during trading on Tuesday, hitting $35.39. 36,312 shares of the company’s stock were exchanged, compared to its average volume of 58,211. TTEC has a 1-year low of $23.01 and a 1-year high of $37.55. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.24 and a quick ratio of 2.24. The stock has a market cap of $1.64 billion, a price-to-earnings ratio of 23.75, a P/E/G ratio of 2.67 and a beta of 0.78.
The company also recently disclosed a semiannual dividend, which was paid on Thursday, April 18th. Investors of record on Thursday, March 28th were paid a dividend of $0.30 per share. This is a positive change from TTEC’s previous semiannual dividend of $0.28. The ex-dividend date was Wednesday, March 27th. This represents a yield of 1.69%. TTEC’s dividend payout ratio (DPR) is presently 40.27%.
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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