Equities analysts predict that TTEC Holdings Inc (NASDAQ:TTEC) will post sales of $383.75 million for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for TTEC’s earnings, with the highest sales estimate coming in at $384.20 million and the lowest estimate coming in at $383.30 million. TTEC reported sales of $344.95 million during the same quarter last year, which indicates a positive year-over-year growth rate of 11.2%. The company is expected to report its next earnings results on Wednesday, March 14th.
According to Zacks, analysts expect that TTEC will report full-year sales of $383.75 million for the current year, with estimates ranging from $1.43 billion to $1.44 billion. For the next fiscal year, analysts forecast that the company will post sales of $1.58 billion per share, with estimates ranging from $1.54 billion to $1.61 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow TTEC.
Several brokerages have issued reports on TTEC. Zacks Investment Research downgraded shares of TTEC from a “buy” rating to a “hold” rating in a research note on Thursday, January 11th. BidaskClub downgraded shares of TTEC from a “sell” rating to a “strong sell” rating in a research note on Saturday, January 6th. Finally, ValuEngine downgraded shares of TTEC from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. One investment analyst has rated the stock with a sell rating and three have issued a hold rating to the company. The stock presently has an average rating of “Hold” and an average target price of $44.00.
Shares of TTEC (NASDAQ TTEC) traded up $0.75 during trading hours on Wednesday, reaching $36.90. 37,800 shares of the company’s stock traded hands, compared to its average volume of 51,133. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.13 and a current ratio of 2.13. TTEC has a 52 week low of $28.20 and a 52 week high of $43.75. The firm has a market cap of $1,690.00, a P/E ratio of 35.48, a P/E/G ratio of 1.82 and a beta of 0.82.
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TTEC Holdings, Inc, formerly TeleTech Holdings, Inc, 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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