Wall Street brokerages predict that TTEC Holdings Inc (NASDAQ:TTEC) will announce earnings of $0.19 per share for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for TTEC’s earnings, with estimates ranging from $0.18 to $0.19. TTEC posted earnings of $0.38 per share in the same quarter last year, which would suggest a negative year over year growth rate of 50%. The business is scheduled to issue its next quarterly earnings report on Wednesday, November 14th.

On average, analysts expect that TTEC will report full-year earnings of $1.61 per share for the current financial year. For the next financial year, analysts anticipate that the business will post earnings of $1.96 per share, with EPS estimates ranging from $1.94 to $1.97. Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that cover TTEC.

TTEC (NASDAQ:TTEC) last issued its earnings results on Tuesday, August 7th. The business services provider reported $0.22 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.28 by ($0.06). TTEC had a positive return on equity of 21.80% and a negative net margin of 1.10%. The company had revenue of $349.85 million during the quarter, compared to analyst estimates of $345.73 million.

A number of equities analysts have recently issued reports on TTEC shares. Zacks Investment Research raised TTEC from a “sell” rating to a “buy” rating and set a $36.00 target price for the company in a report on Wednesday, May 16th. BidaskClub upgraded TTEC from a “strong sell” rating to a “sell” rating in a research report on Friday, May 18th. Finally, ValuEngine lowered TTEC from a “hold” rating to a “sell” rating in a research report on Friday, June 29th. Three research analysts have rated the stock with a sell rating and one has assigned a hold rating to the company’s stock. The company presently has a consensus rating of “Sell” and an average price target of $41.00.

Shares of TTEC opened at $25.85 on Friday. TTEC has a 1 year low of $24.35 and a 1 year high of $43.75. The company has a quick ratio of 2.38, a current ratio of 2.38 and a debt-to-equity ratio of 0.87. The company has a market capitalization of $1.19 billion, a PE ratio of 14.36, a P/E/G ratio of 2.01 and a beta of 0.80.

In related news, SVP Margaret B. Mclean sold 5,000 shares of the stock in a transaction that occurred on Wednesday, June 20th. The stock was sold at an average price of $37.25, for a total transaction of $186,250.00. Following the sale, the senior vice president now directly owns 22,045 shares in the company, valued at approximately $821,176.25. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 70.00% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE boosted its position in TTEC by 69.7% in the 2nd quarter. Bank of America Corp DE now owns 83,044 shares of the business services provider’s stock valued at $2,868,000 after buying an additional 34,102 shares during the last quarter. Itau Unibanco Holding S.A. bought a new position in TTEC in the 2nd quarter valued at $143,000. Legal & General Group Plc boosted its position in TTEC by 6.1% in the 2nd quarter. Legal & General Group Plc now owns 33,127 shares of the business services provider’s stock valued at $1,149,000 after buying an additional 1,914 shares during the last quarter. BlackRock Inc. boosted its position in TTEC by 9.0% in the 2nd quarter. BlackRock Inc. now owns 2,067,328 shares of the business services provider’s stock valued at $71,427,000 after buying an additional 171,139 shares during the last quarter. Finally, Segall Bryant & Hamill LLC bought a new position in TTEC in the 2nd quarter valued at $9,166,000. Institutional investors and hedge funds own 24.71% of the company’s stock.

About TTEC

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.

See Also: Price to Earnings Ratio (PE), For Valuing Stocks

Get a free copy of the Zacks research report on TTEC (TTEC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for TTEC (NASDAQ:TTEC)

Receive News & Ratings for TTEC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TTEC and related companies with MarketBeat.com's FREE daily email newsletter.