TeleTech Holdings, Inc. (NASDAQ:TTEC) – Investment analysts at SunTrust Banks cut their Q2 2017 earnings per share (EPS) estimates for shares of TeleTech Holdings in a research note issued on Wednesday. SunTrust Banks analyst F. Atkins now forecasts that the brokerage will earn $0.36 per share for the quarter, down from their prior forecast of $0.40. SunTrust Banks also issued estimates for TeleTech Holdings’ Q4 2017 earnings at $0.52 EPS and Q2 2018 earnings at $0.45 EPS.

TeleTech Holdings (NASDAQ:TTEC) last issued its quarterly earnings data on Wednesday, March 8th. The company reported $0.42 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by $0.04. TeleTech Holdings had a return on equity of 15.62% and a net margin of 4.01%. The company had revenue of $344.90 million for the quarter, compared to the consensus estimate of $340.06 million. During the same period in the prior year, the company earned $0.47 EPS. The firm’s revenue was up .9% compared to the same quarter last year.

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Earnings History and Estimates for TeleTech Holdings (NASDAQ:TTEC)

A number of other equities research analysts also recently weighed in on the company. Zacks Investment Research downgraded TeleTech Holdings from a “hold” rating to a “sell” rating in a report on Tuesday. TheStreet downgraded TeleTech Holdings from a “b” rating to a “c+” rating in a report on Wednesday, March 8th.

Shares of TeleTech Holdings (NASDAQ:TTEC) opened at 30.90 on Friday. The firm’s 50-day moving average is $30.18 and its 200-day moving average is $29.30. The company has a market cap of $1.43 billion, a price-to-earnings ratio of 43.52 and a beta of 0.80. TeleTech Holdings has a one year low of $24.45 and a one year high of $31.97.

The company also recently announced a semiannual dividend, which will be paid on Friday, April 14th. Stockholders of record on Friday, March 31st will be issued a dividend of $0.22 per share. The ex-dividend date is Wednesday, March 29th. This represents a dividend yield of 1.41%. This is an increase from TeleTech Holdings’s previous semiannual dividend of $0.20. TeleTech Holdings’s dividend payout ratio (DPR) is currently 37.74%.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Norges Bank bought a new position in TeleTech Holdings during the fourth quarter worth approximately $11,308,000. Macquarie Group Ltd. increased its position in TeleTech Holdings by 27.7% in the second quarter. Macquarie Group Ltd. now owns 551,580 shares of the company’s stock worth $14,964,000 after buying an additional 119,756 shares during the period. Matarin Capital Management LLC bought a new position in TeleTech Holdings during the third quarter worth approximately $2,455,000. BlackRock Fund Advisors increased its position in TeleTech Holdings by 7.9% in the third quarter. BlackRock Fund Advisors now owns 1,136,697 shares of the company’s stock worth $32,953,000 after buying an additional 83,514 shares during the period. Finally, Boston Partners increased its position in TeleTech Holdings by 6.7% in the third quarter. Boston Partners now owns 1,274,227 shares of the company’s stock worth $36,939,000 after buying an additional 79,803 shares during the period. 26.96% of the stock is owned by institutional investors and hedge funds.

About TeleTech Holdings

TeleTech Holdings, Inc (TeleTech) is a customer engagement management service provider that delivers integrated consulting, technology, growth and customer care solutions. The Company operates through four segments: Customer Management Services (CMS), Customer Growth Services (CGS), Customer Technology Services (CTS) and Customer Strategy Services (CSS).

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