Equities research analysts predict that TeleTech Holdings, Inc. (NASDAQ:TTEC) will post $351.88 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for TeleTech Holdings’ earnings, with estimates ranging from $347.46 million to $360.69 million. TeleTech Holdings reported sales of $312.80 million during the same quarter last year, which indicates a positive year over year growth rate of 12.5%. The company is expected to announce its next earnings report on Wednesday, November 8th.
According to Zacks, analysts expect that TeleTech Holdings will report full year sales of $351.88 million for the current year. For the next fiscal year, analysts forecast that the firm will report sales of $1.50 billion per share, with estimates ranging from $1.49 billion to $1.50 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for TeleTech Holdings.
TeleTech Holdings (NASDAQ:TTEC) last released its earnings results on Monday, August 7th. The business services provider reported $0.38 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.05. TeleTech Holdings had a return on equity of 19.49% and a net margin of 3.30%. The business had revenue of $353.42 million during the quarter, compared to the consensus estimate of $332.52 million. During the same period last year, the business posted $0.28 earnings per share. The business’s revenue for the quarter was up 15.8% on a year-over-year basis.
TTEC has been the subject of a number of research reports. Zacks Investment Research upgraded shares of TeleTech Holdings from a “sell” rating to a “hold” rating in a research note on Thursday, May 11th. TheStreet upgraded shares of TeleTech Holdings from a “c+” rating to a “b” rating in a research note on Thursday, May 11th. Finally, BidaskClub lowered shares of TeleTech Holdings from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 5th.
In other TeleTech Holdings news, EVP Robert N. Jimenez sold 6,500 shares of the business’s stock in a transaction on Thursday, June 1st. The shares were sold at an average price of $42.58, for a total transaction of $276,770.00. Following the completion of the sale, the executive vice president now directly owns 9,390 shares in the company, valued at approximately $399,826.20. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Steven C. Pollema sold 1,317 shares of the business’s stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $42.01, for a total transaction of $55,327.17. Following the sale, the senior vice president now owns 6,880 shares of the company’s stock, valued at $289,028.80. The disclosure for this sale can be found here. 70.00% of the stock is currently owned by insiders.
Several large investors have recently bought and sold shares of the company. Norges Bank bought a new stake in TeleTech Holdings during the fourth quarter valued at approximately $11,308,000. First Manhattan Co. raised its stake in TeleTech Holdings by 273.2% in the first quarter. First Manhattan Co. now owns 234,196 shares of the business services provider’s stock valued at $6,789,000 after buying an additional 171,438 shares during the period. Vanguard Group Inc. raised its stake in TeleTech Holdings by 5.5% in the first quarter. Vanguard Group Inc. now owns 2,025,299 shares of the business services provider’s stock valued at $59,949,000 after buying an additional 105,580 shares during the period. Smith Asset Management Group LP bought a new stake in TeleTech Holdings during the second quarter valued at approximately $3,153,000. Finally, Goldman Sachs Group Inc. raised its stake in TeleTech Holdings by 146.9% in the second quarter. Goldman Sachs Group Inc. now owns 127,711 shares of the business services provider’s stock valued at $5,211,000 after buying an additional 75,993 shares during the period. Hedge funds and other institutional investors own 27.03% of the company’s stock.
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Shares of TeleTech Holdings (NASDAQ:TTEC) opened at 41.25 on Thursday. The stock has a market capitalization of $1.89 billion, a P/E ratio of 42.88 and a beta of 0.90. The firm has a 50-day moving average price of $41.23 and a 200-day moving average price of $35.45. TeleTech Holdings has a 52-week low of $24.45 and a 52-week high of $43.45.
About TeleTech Holdings
TeleTech Holdings, Inc (TeleTech) is a customer service provider that delivers consulting, technology, growth and customer care solutions on a global scale. The Company operates through four segments: Customer Management Services (CMS), Customer Growth Services (CGS), Customer Technology Services (CTS) and Customer Strategy Services (CSS).
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