Equities analysts expect that TTEC Holdings Inc (NASDAQ:TTEC) will post sales of $356.49 million for the current quarter, Zacks reports. Two analysts have provided estimates for TTEC’s earnings, with estimates ranging from $353.79 million to $359.20 million. TTEC posted sales of $359.04 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 0.7%. The business is expected to issue its next earnings results on Wednesday, November 14th.

On average, analysts expect that TTEC will report full year sales of $1.50 billion for the current financial year. For the next financial year, analysts forecast that the company will report sales of $1.56 billion, with estimates ranging from $1.55 billion to $1.56 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow TTEC.

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

Several equities research analysts recently weighed in on the company. BidaskClub cut TTEC from a “hold” rating to a “sell” rating in a report on Thursday, July 12th. ValuEngine upgraded TTEC from a “sell” rating to a “hold” rating in a report on Thursday, July 5th. Finally, Zacks Investment Research lowered TTEC from a “hold” rating to a “sell” rating in a report on Saturday, August 11th.

Several hedge funds and other institutional investors have recently made changes to their positions in TTEC. Piedmont Investment Advisors LLC acquired a new stake in shares of TTEC during the 2nd quarter valued at about $115,000. Acadian Asset Management LLC increased its stake in shares of TTEC by 68.6% during the second quarter. Acadian Asset Management LLC now owns 4,007 shares of the business services provider’s stock worth $139,000 after acquiring an additional 1,630 shares during the period. Itau Unibanco Holding S.A. acquired a new position in shares of TTEC during the second quarter worth about $143,000. SG Americas Securities LLC acquired a new position in shares of TTEC during the second quarter worth about $199,000. Finally, Louisiana State Employees Retirement System acquired a new position in shares of TTEC during the second quarter worth about $221,000. Hedge funds and other institutional investors own 24.70% of the company’s stock.

TTEC stock traded up $0.36 during trading on Friday, hitting $25.17. 585 shares of the company traded hands, compared to its average volume of 64,997. The stock has a market capitalization of $1.20 billion, a PE ratio of 13.76, a P/E/G ratio of 2.01 and a beta of 0.80. TTEC has a 1 year low of $23.50 and a 1 year high of $43.75. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.38 and a quick ratio of 2.38.

The company also recently declared a semiannual dividend, which will be paid on Friday, October 19th. Investors of record on Tuesday, October 9th will be issued a $0.28 dividend. This is a positive change from TTEC’s previous semiannual dividend of $0.27. The ex-dividend date of this dividend is Friday, October 5th. This represents a dividend yield of 2.16%. TTEC’s payout ratio is presently 31.11%.

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.

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Earnings History and Estimates for TTEC (NASDAQ:TTEC)

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