TELUS International (Cda) (NYSE:TIXT) Updates FY24 Earnings Guidance

TELUS International (Cda) (NYSE:TIXTGet Free Report) updated its FY24 earnings guidance on Friday. The company provided EPS guidance of $0.93-0.98 for the period, compared to the consensus EPS estimate of $1.05. The company issued revenue guidance of $2.79-2.85 billion, compared to the consensus revenue estimate of $2.82 billion. TELUS International (Cda) also updated its FY 2024 guidance to 0.930-0.980 EPS.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on TIXT. BMO Capital Markets reduced their price target on shares of TELUS International (Cda) from $11.00 to $8.00 and set an outperform rating for the company in a research note on Monday, November 6th. National Bankshares cut their target price on shares of TELUS International (Cda) from $16.00 to $10.00 and set a sector perform rating for the company in a research note on Thursday, October 26th. TD Securities cut their target price on shares of TELUS International (Cda) from $12.00 to $10.50 and set a buy rating for the company in a research note on Monday, November 6th. Citigroup increased their target price on shares of TELUS International (Cda) from $7.00 to $9.00 and gave the company a neutral rating in a research note on Wednesday, January 17th. Finally, CIBC increased their target price on shares of TELUS International (Cda) from $19.00 to $21.50 and gave the company an outperform rating in a research note on Thursday, January 11th. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average price target of $13.54.

Read Our Latest Analysis on TIXT

TELUS International (Cda) Price Performance

NYSE TIXT opened at $9.40 on Monday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.84. The company has a fifty day simple moving average of $8.49 and a 200 day simple moving average of $8.02. The company has a market cap of $686.95 million, a P/E ratio of 62.67, a P/E/G ratio of 8.66 and a beta of 0.85. TELUS International has a 1 year low of $6.03 and a 1 year high of $22.52.

TELUS International (Cda) (NYSE:TIXTGet Free Report) last issued its quarterly earnings results on Friday, February 9th. The company reported $0.26 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.26. TELUS International (Cda) had a net margin of 1.99% and a return on equity of 11.80%. The firm had revenue of $692.00 million during the quarter, compared to the consensus estimate of $691.00 million. During the same period in the prior year, the firm earned $0.34 EPS. The business’s revenue was up 9.8% on a year-over-year basis. On average, sell-side analysts predict that TELUS International will post 1.01 EPS for the current year.

Hedge Funds Weigh In On TELUS International (Cda)

A number of hedge funds and other institutional investors have recently made changes to their positions in TIXT. Advisor Group Holdings Inc. increased its position in shares of TELUS International (Cda) by 156.0% during the 1st quarter. Advisor Group Holdings Inc. now owns 9,241 shares of the company’s stock worth $228,000 after purchasing an additional 5,631 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of TELUS International (Cda) during the 3rd quarter worth about $219,000. Barclays PLC increased its position in shares of TELUS International (Cda) by 11.9% during the 2nd quarter. Barclays PLC now owns 14,100 shares of the company’s stock worth $214,000 after purchasing an additional 1,500 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of TELUS International (Cda) by 43.4% during the 1st quarter. JPMorgan Chase & Co. now owns 7,367 shares of the company’s stock worth $182,000 after purchasing an additional 2,228 shares in the last quarter. Finally, Citigroup Inc. increased its position in shares of TELUS International (Cda) by 106.3% during the 2nd quarter. Citigroup Inc. now owns 9,864 shares of the company’s stock worth $150,000 after purchasing an additional 5,083 shares in the last quarter. 59.55% of the stock is owned by institutional investors.

About TELUS International (Cda)

(Get Free Report)

TELUS International (Cda) Inc design, builds, and delivers digital solutions for customer experience (CX) in Europe, North America, the Asia-Pacific, and the Central America. The company provides digital experience solutions, such as AI and bots, omnichannel CX, enterprise mobility solutions, cloud contact center, big data analytics, platform transformation, and UX/UI design; and customer experience solutions, including work anywhere/work from home, contact center outsourcing, technical support, sales growth and customer retention, healthcare/patient experience, and debt collection.

Recommended Stories

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