Q1 2024 Earnings Estimate for TELUS International (Cda) Inc. (NYSE:TIXT) Issued By National Bank Financial

TELUS International (Cda) Inc. (NYSE:TIXTFree Report) – Equities researchers at National Bank Financial lowered their Q1 2024 earnings per share estimates for shares of TELUS International (Cda) in a research report issued on Wednesday, April 17th. National Bank Financial analyst R. Tse now anticipates that the company will post earnings per share of $0.18 for the quarter, down from their prior estimate of $0.19. The consensus estimate for TELUS International (Cda)’s current full-year earnings is $0.89 per share.

Several other equities research analysts have also recently commented on the company. Citigroup lifted their target price on TELUS International (Cda) from $9.00 to $10.00 and gave the company a “neutral” rating in a research note on Monday, February 12th. Guggenheim initiated coverage on TELUS International (Cda) in a research note on Tuesday, March 19th. They issued a “neutral” rating and a $9.00 target price for the company. Canaccord Genuity Group lifted their target price on TELUS International (Cda) from $14.50 to $16.50 and gave the company a “buy” rating in a research note on Monday, February 12th. CIBC lowered their target price on TELUS International (Cda) from $21.50 to $20.00 and set an “outperform” rating for the company in a research note on Wednesday, March 20th. Finally, BMO Capital Markets lifted their target price on TELUS International (Cda) from $8.00 to $10.50 and gave the company a “market perform” rating in a research note on Monday, February 12th. Eight investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, TELUS International (Cda) presently has a consensus rating of “Hold” and an average target price of $13.83.

View Our Latest Report on TIXT

TELUS International (Cda) Trading Down 0.1 %

TIXT stock opened at $7.81 on Friday. The business has a fifty day moving average price of $9.26 and a 200 day moving average price of $8.29. TELUS International has a fifty-two week low of $6.03 and a fifty-two week high of $21.75. The stock has a market capitalization of $834.34 million, a price-to-earnings ratio of 52.07, a P/E/G ratio of 8.24 and a beta of 0.90. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.14 and a quick ratio of 1.14.

TELUS International (Cda) (NYSE:TIXTGet Free Report) last issued its earnings results on Friday, February 9th. The company reported $0.26 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.26. TELUS International (Cda) had a return on equity of 11.74% and a net margin of 1.99%. The business had revenue of $692.00 million during the quarter, compared to analysts’ expectations of $691.00 million. During the same period in the prior year, the firm posted $0.34 EPS. TELUS International (Cda)’s quarterly revenue was up 9.8% compared to the same quarter last year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of TIXT. Qube Research & Technologies Ltd bought a new stake in TELUS International (Cda) in the 3rd quarter valued at $25,000. Ronald Blue Trust Inc. acquired a new stake in shares of TELUS International (Cda) during the 3rd quarter worth about $30,000. Shell Asset Management Co. acquired a new stake in shares of TELUS International (Cda) during the 3rd quarter worth about $45,000. Lazard Asset Management LLC acquired a new stake in shares of TELUS International (Cda) during the 1st quarter worth about $46,000. Finally, Blue Trust Inc. lifted its stake in shares of TELUS International (Cda) by 142.0% during the 4th quarter. Blue Trust Inc. now owns 9,596 shares of the company’s stock worth $82,000 after buying an additional 5,631 shares during the last quarter. Institutional investors own 59.55% of the company’s stock.

About TELUS International (Cda)

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TELUS International (Cda) Inc design, builds, and delivers digital solutions for customer experience (CX) in the Asia-Pacific, the Central America, Europe, Africa, North America, and internationally. 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.

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