TeleTech Holdings, Inc. (NASDAQ:TTEC) Posts Quarterly Earnings Results, Beats Expectations By $0.05 EPS

TeleTech Holdings, Inc. (NASDAQ:TTEC) issued its quarterly earnings data on Monday, August 7th. The business services provider reported $0.38 EPS for the quarter, beating the consensus estimate of $0.33 by $0.05, Bloomberg Earnings reports. TeleTech Holdings had a return on equity of 19.49% and a net margin of 3.30%. The firm had revenue of $353.42 million during the quarter, compared to analyst estimates of $332.52 million. During the same quarter in the prior year, the business posted $0.28 EPS. The business’s revenue for the quarter was up 15.8% compared to the same quarter last year.

Shares of TeleTech Holdings (NASDAQ TTEC) traded down 1.60% during midday trading on Friday, reaching $39.95. The company’s stock had a trading volume of 153,973 shares. TeleTech Holdings has a 52 week low of $24.45 and a 52 week high of $43.45. The stock has a market capitalization of $1.83 billion, a price-to-earnings ratio of 41.53 and a beta of 0.90. The company has a 50 day moving average of $41.19 and a 200-day moving average of $35.56.

In other news, EVP Robert N. Jimenez sold 6,500 shares of TeleTech Holdings stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $42.58, for a total value of $276,770.00. Following the transaction, the executive vice president now owns 9,390 shares of the company’s stock, valued at approximately $399,826.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Steven C. Pollema sold 1,317 shares of TeleTech Holdings stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $42.01, for a total transaction of $55,327.17. Following the completion of the transaction, the senior vice president now directly owns 6,880 shares in the company, valued at $289,028.80. The disclosure for this sale can be found here. Insiders own 70.00% of the company’s stock.

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Several equities analysts recently issued reports on TTEC shares. Zacks Investment Research downgraded TeleTech Holdings from a “buy” rating to a “hold” rating in a research report on Thursday, July 13th. BidaskClub downgraded TeleTech Holdings from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 5th. Finally, TheStreet raised TeleTech Holdings from a “c+” rating to a “b” rating in a research report on Thursday, May 11th.

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).

Earnings History for TeleTech Holdings (NASDAQ:TTEC)

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