Analysts Expect TTEC Holdings Inc (TTEC) to Announce $0.19 EPS
Shares of TTEC Holdings Inc (NASDAQ:TTEC) have been given a consensus broker rating score of 3.00 (Hold) from the two brokers that provide coverage for the company, Zacks Investment Research reports. Two research analysts have rated the stock with a hold recommendation.
Brokerages have set a 12 month consensus price objective of $30.00 for the company and are predicting that the company will post $0.19 EPS for the current quarter, according to Zacks. Zacks has also assigned TTEC an industry rank of 162 out of 255 based on the ratings given to related companies.
Several equities research analysts have commented on the stock. BidaskClub upgraded shares of TTEC from a “strong sell” rating to a “sell” rating in a research note on Friday, May 18th. ValuEngine upgraded shares of TTEC from a “sell” rating to a “hold” rating in a research note on Thursday, July 5th. Finally, Zacks Investment Research upgraded shares of TTEC from a “sell” rating to a “buy” rating and set a $36.00 price target on the stock in a research note on Wednesday, May 16th.
TTEC (NASDAQ:TTEC) last announced its quarterly earnings results on Tuesday, August 7th. The business services provider reported $0.22 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.06). TTEC had a negative net margin of 1.10% and a positive return on equity of 21.80%. The firm had revenue of $349.85 million during the quarter, compared to analyst estimates of $345.73 million. sell-side analysts predict that TTEC will post 1.61 EPS for the current year.
In other news, SVP Margaret B. Mclean sold 5,000 shares of the stock in a transaction that occurred on Wednesday, June 20th. The shares were sold at an average price of $37.25, for a total value of $186,250.00. Following the completion of the transaction, the senior vice president now directly owns 22,045 shares in the company, valued at $821,176.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 70.00% of the company’s stock.
Several institutional investors have recently bought and sold shares of TTEC. Segall Bryant & Hamill LLC bought a new position in shares of TTEC in the second quarter valued at approximately $9,166,000. BlackRock Inc. boosted its holdings in TTEC by 9.0% during the second quarter. BlackRock Inc. now owns 2,067,328 shares of the business services provider’s stock worth $71,427,000 after buying an additional 171,139 shares in the last quarter. Millennium Management LLC bought a new stake in TTEC during the first quarter worth approximately $5,052,000. Northern Trust Corp boosted its holdings in TTEC by 36.2% during the first quarter. Northern Trust Corp now owns 283,826 shares of the business services provider’s stock worth $8,713,000 after buying an additional 75,393 shares in the last quarter. Finally, TD Asset Management Inc. boosted its holdings in TTEC by 195.0% during the second quarter. TD Asset Management Inc. now owns 65,500 shares of the business services provider’s stock worth $2,263,000 after buying an additional 43,300 shares in the last quarter. Institutional investors and hedge funds own 24.71% of the company’s stock.
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.
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