TTEC (NASDAQ:TTEC) Releases FY 2024 Earnings Guidance

TTEC (NASDAQ:TTEC) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 0.640-0.830 for the period, compared to the consensus earnings per share estimate of 0.800. The company issued revenue guidance of $2.2 billion-$2.3 billion, compared to the consensus revenue estimate of $2.2 billion.

Wall Street Analysts Forecast Growth

TTEC has been the topic of a number of recent analyst reports. Canaccord Genuity Group lowered their price target on shares of TTEC from $8.00 to $4.50 and set a “hold” rating on the stock in a research note on Tuesday, August 13th. Guggenheim raised shares of TTEC from a “sell” rating to a “neutral” rating in a research note on Tuesday, October 1st. Northland Securities lowered their price target on shares of TTEC from $19.00 to $16.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 13th. Finally, StockNews.com raised shares of TTEC from a “sell” rating to a “hold” rating in a research note on Thursday. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $11.90.

TTEC Price Performance

NASDAQ TTEC traded down $0.20 during trading hours on Friday, reaching $4.60. The company’s stock had a trading volume of 642,066 shares, compared to its average volume of 548,005. The stock has a market cap of $219.51 million, a PE ratio of -0.66, a PEG ratio of 3.06 and a beta of 1.05. TTEC has a fifty-two week low of $3.67 and a fifty-two week high of $22.69. The company’s 50-day moving average is $5.06 and its two-hundred day moving average is $5.95. The company has a debt-to-equity ratio of 3.06, a quick ratio of 1.56 and a current ratio of 1.56.

TTEC (NASDAQ:TTEC) last issued its quarterly earnings data on Thursday, August 8th. The business services provider reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.14). The business had revenue of $534.09 million during the quarter, compared to analyst estimates of $554.67 million. TTEC had a negative net margin of 14.69% and a positive return on equity of 4.47%. Analysts forecast that TTEC will post 0.44 EPS for the current year.

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.