TeleTech Holdings, Inc. Expected to Earn FY2017 Earnings of $1.77 Per Share (NASDAQ:TTEC)
TeleTech Holdings, Inc. (NASDAQ:TTEC) – Equities researchers at SunTrust Banks increased their FY2017 EPS estimates for TeleTech Holdings in a report issued on Wednesday. SunTrust Banks analyst F. Atkins now forecasts that the business services provider will earn $1.77 per share for the year, up from their prior estimate of $1.74. SunTrust Banks also issued estimates for TeleTech Holdings’ Q1 2018 earnings at $0.49 EPS and FY2018 earnings at $2.01 EPS.
A number of other analysts have also commented on the company. Zacks Investment Research upgraded TeleTech Holdings from a “hold” rating to a “buy” rating and set a $46.00 price objective for the company in a research report on Friday. TheStreet upgraded TeleTech Holdings from a “c+” rating to a “b” rating in a research report on Thursday, May 11th. Finally, BidaskClub lowered TeleTech Holdings from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 5th.
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Shares of TeleTech Holdings (NASDAQ TTEC) traded down 0.85% during mid-day trading on Friday, hitting $40.85. 4,443 shares of the company’s stock were exchanged. The firm has a 50 day moving average price of $41.20 and a 200-day moving average price of $35.10. The company has a market capitalization of $1.87 billion, a price-to-earnings ratio of 42.46 and a beta of 0.90. TeleTech Holdings has a 52 week low of $24.45 and a 52 week high of $43.45.
TeleTech Holdings (NASDAQ:TTEC) last issued its earnings results on Monday, August 7th. The business services provider reported $0.38 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.05. The company had revenue of $353.42 million for the quarter, compared to analysts’ expectations of $332.52 million. TeleTech Holdings had a net margin of 3.30% and a return on equity of 19.49%. The firm’s revenue was up 15.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.28 earnings per share.
Several institutional investors have recently added to or reduced their stakes in TTEC. State Street Corp boosted its position in TeleTech Holdings by 3.8% in the fourth quarter. State Street Corp now owns 375,056 shares of the business services provider’s stock valued at $11,440,000 after buying an additional 13,666 shares during the period. Thrivent Financial for Lutherans boosted its stake in TeleTech Holdings by 4.9% in the fourth quarter. Thrivent Financial for Lutherans now owns 8,590 shares of the business services provider’s stock valued at $262,000 after buying an additional 400 shares during the last quarter. Norges Bank purchased a new stake in TeleTech Holdings during the fourth quarter valued at approximately $11,308,000. Teachers Advisors LLC boosted its stake in shares of TeleTech Holdings by 16.4% in the fourth quarter. Teachers Advisors LLC now owns 29,932 shares of the business services provider’s stock worth $913,000 after buying an additional 4,208 shares in the last quarter. Finally, Legato Capital Management LLC boosted its stake in shares of TeleTech Holdings by 2,860.0% in the first quarter. Legato Capital Management LLC now owns 49,758 shares of the business services provider’s stock worth $1,681,000 after buying an additional 48,077 shares in the last quarter. Institutional investors and hedge funds own 27.24% of the company’s stock.
In other news, EVP Robert N. Jimenez sold 6,500 shares of the business’s stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $42.58, for a total transaction of $276,770.00. Following the completion of the transaction, the executive vice president now directly owns 9,390 shares in the company, valued at approximately $399,826.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Shrikant Mehta sold 15,000 shares of the business’s stock in a transaction dated Thursday, May 18th. The stock was sold at an average price of $39.61, for a total value of $594,150.00. Following the transaction, the director now owns 76,509 shares of the company’s stock, valued at $3,030,521.49. The disclosure for this sale can be found here. Insiders have sold a total of 22,817 shares of company stock valued at $926,247 over the last 90 days. Corporate insiders own 70.00% of the company’s stock.
About TeleTech Holdings
TeleTech Holdings, Inc (TeleTech) is a customer service provider that delivers consulting, technology, growth and customer care solutions on a global scale. 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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