TTEC (TTEC) Scheduled to Post Earnings on Wednesday

TTEC (NASDAQ:TTEC) is scheduled to be announcing its earnings results after the market closes on Wednesday, May 8th. Analysts expect the company to announce earnings of $0.30 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

TTEC (NASDAQ:TTEC) last announced its quarterly earnings results on Thursday, February 29th. The business services provider reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.04). The company had revenue of $626.18 million during the quarter, compared to the consensus estimate of $602.98 million. TTEC had a return on equity of 13.74% and a net margin of 0.34%. On average, analysts expect TTEC to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

TTEC Stock Up 1.7 %

Shares of TTEC stock opened at $7.66 on Monday. The business’s fifty day moving average price is $10.19 and its two-hundred day moving average price is $16.52. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.69 and a quick ratio of 1.69. The company has a market capitalization of $363.47 million, a P/E ratio of 42.56, a PEG ratio of 0.83 and a beta of 1.06. TTEC has a 1-year low of $7.17 and a 1-year high of $36.70.

TTEC Cuts Dividend

The firm also recently announced a Semi-Annual dividend, which was paid on Tuesday, April 30th. Shareholders of record on Wednesday, April 3rd were paid a dividend of $0.06 per share. This represents a yield of 4.6%. The ex-dividend date of this dividend was Tuesday, April 2nd. TTEC’s payout ratio is currently 66.67%.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Barrington Research downgraded TTEC from an “outperform” rating to a “market perform” rating in a research note on Monday, March 4th. Canaccord Genuity Group reissued a “hold” rating and issued a $13.00 price objective (down previously from $30.00) on shares of TTEC in a research note on Wednesday, March 6th. Guggenheim began coverage on TTEC in a research note on Tuesday, March 19th. They issued a “sell” rating and a $8.00 price objective on the stock. Finally, Canaccord Genuity Group downgraded TTEC from a “buy” rating to a “hold” rating in a research note on Wednesday, March 6th. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $17.50.

About TTEC

TTEC Holdings, Inc operates as a customer experience (CX) company that designs, builds, and operates technology-enabled customer experiences across digital and live interaction channels. It operates through two segments, TTEC Digital and TTEC Engage. The TTEC Digital segment provides CX technologies for contact center as a service, customer relationship management, and artificial intelligence (AI) and analytics; creates and implements strategic CX transformation roadmaps; sells, operates, and provides managed services for cloud platforms and premise based CX technologies; creates proprietary IP to support industry specific and custom client needs; and offers CX consulting services.