TTEC (TTEC) Set to Announce Quarterly Earnings on Wednesday

TTEC (NASDAQ:TTEC) is scheduled to be releasing its earnings data after the market closes on Wednesday, May 8th. Analysts expect TTEC to post earnings of $0.30 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

TTEC (NASDAQ:TTEC) last announced its quarterly earnings results on Thursday, February 29th. The business services provider reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.04). TTEC had a net margin of 0.34% and a return on equity of 13.74%. The company had revenue of $626.18 million during the quarter, compared to analysts’ expectations of $602.98 million. On average, analysts expect TTEC to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

TTEC Price Performance

Shares of NASDAQ:TTEC opened at $7.28 on Wednesday. The company has a 50-day simple moving average of $10.81 and a 200-day simple moving average of $16.85. TTEC has a one year low of $7.27 and a one year high of $36.70. The company has a debt-to-equity ratio of 1.62, a quick ratio of 1.69 and a current ratio of 1.69. The stock has a market capitalization of $345.44 million, a price-to-earnings ratio of 40.45, a PEG ratio of 0.85 and a beta of 0.99.

TTEC Cuts Dividend

The firm also recently announced a Semi-Annual dividend, which was paid on Tuesday, April 30th. Stockholders of record on Wednesday, April 3rd were issued a $0.06 dividend. The ex-dividend date of this dividend was Tuesday, April 2nd. This represents a dividend yield of 4.6%. TTEC’s payout ratio is 66.67%.

Analysts Set New Price Targets

A number of brokerages have recently commented on TTEC. Canaccord Genuity Group cut shares of TTEC from a “buy” rating to a “hold” rating in a report on Wednesday, March 6th. Guggenheim assumed coverage on shares of TTEC in a research report on Tuesday, March 19th. They set a “sell” rating and a $8.00 target price on the stock. Barrington Research lowered shares of TTEC from an “outperform” rating to a “market perform” rating in a research report on Monday, March 4th. Finally, Canaccord Genuity Group restated a “hold” rating and set a $13.00 target price (down from $30.00) on shares of TTEC in a research report on Wednesday, March 6th. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $22.00.

About TTEC

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.