TeleTech (NASDAQ:TTEC) Announces Earnings Results, Misses Estimates By $0.13 EPS

TeleTech (NASDAQ:TTEC) issued its quarterly earnings results on Thursday. The business services provider reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.13), FiscalAI reports. TeleTech had a positive return on equity of 8.23% and a negative net margin of 1.20%.The business had revenue of $519.14 million for the quarter, compared to analyst estimates of $497.92 million. TeleTech updated its FY 2025 guidance to 0.950-1.200 EPS.

TeleTech Stock Performance

Shares of NASDAQ TTEC traded down $0.12 during mid-day trading on Thursday, hitting $3.15. The company had a trading volume of 340,561 shares, compared to its average volume of 421,337. TeleTech has a 12 month low of $2.67 and a 12 month high of $5.86. The company has a debt-to-equity ratio of 2.99, a current ratio of 1.77 and a quick ratio of 1.77. The firm’s 50 day simple moving average is $3.56 and its two-hundred day simple moving average is $4.23. The stock has a market cap of $152.66 million, a price-to-earnings ratio of -5.83, a PEG ratio of 0.36 and a beta of 1.22.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Zacks Research raised shares of TeleTech to a “hold” rating in a research report on Friday, August 8th. Wall Street Zen raised TeleTech from a “hold” rating to a “buy” rating in a research note on Saturday, August 9th. Barrington Research reaffirmed a “market perform” rating on shares of TeleTech in a report on Monday, August 18th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of TeleTech in a research report on Wednesday, October 8th. Three research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Reduce” and an average price target of $3.50.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Cetera Investment Advisers acquired a new position in shares of TeleTech during the second quarter valued at approximately $124,000. Engineers Gate Manager LP raised its position in TeleTech by 8.7% in the second quarter. Engineers Gate Manager LP now owns 56,826 shares of the business services provider’s stock worth $273,000 after acquiring an additional 4,532 shares in the last quarter. Goldman Sachs Group Inc. raised its position in TeleTech by 4.1% in the first quarter. Goldman Sachs Group Inc. now owns 565,274 shares of the business services provider’s stock worth $1,860,000 after acquiring an additional 22,247 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of TeleTech by 8.0% in the 2nd quarter. Geode Capital Management LLC now owns 503,241 shares of the business services provider’s stock worth $2,421,000 after purchasing an additional 37,252 shares during the last quarter. Institutional investors own 38.03% of the company’s stock.

About TeleTech

TTEC Holdings, Inc operates as a customer experience (CX) company that designs, builds, and operates technology-enabled customer experiences across digital and live interaction channels. It operates through two segments, TTEC Digital and TTEC Engage. The TTEC Digital segment provides CX technologies for contact center as a service, customer relationship management, and artificial intelligence (AI) and analytics; creates and implements strategic CX transformation roadmaps; sells, operates, and provides managed services for cloud platforms and premise based CX technologies; creates proprietary IP to support industry specific and custom client needs; and offers CX consulting services.