TTEC (NASDAQ:TTEC) announced its earnings results on Monday, March 12th. The business services provider reported $0.67 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.07, Bloomberg Earnings reports. TTEC had a net margin of 0.49% and a return on equity of 22.28%. The company had revenue of $426.60 million during the quarter, compared to the consensus estimate of $383.75 million. During the same period in the previous year, the firm posted $0.42 earnings per share. The company’s revenue was up 23.7% on a year-over-year basis.
TTEC stock traded up $0.25 on Wednesday, hitting $32.70. 4,229 shares of the company were exchanged, compared to its average volume of 55,944. The company has a debt-to-equity ratio of 0.95, a quick ratio of 2.69 and a current ratio of 2.69. The company has a market capitalization of $1,495.57, a P/E ratio of 17.62, a price-to-earnings-growth ratio of 1.65 and a beta of 0.90. TTEC has a twelve month low of $28.20 and a twelve month high of $43.75.
The firm also recently declared a semiannual dividend, which will be paid on Thursday, April 12th. Investors of record on Friday, March 30th will be paid a dividend of $0.27 per share. This represents a dividend yield of 1.48%. This is an increase from TTEC’s previous semiannual dividend of $0.22. The ex-dividend date of this dividend is Wednesday, March 28th. TTEC’s payout ratio is 294.13%.
In related news, EVP Robert N. Jimenez sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, March 16th. The shares were sold at an average price of $32.81, for a total transaction of $131,240.00. Following the completion of the sale, the executive vice president now directly owns 15,953 shares of the company’s stock, valued at $523,417.93. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 70.00% of the company’s stock.
TRADEMARK VIOLATION NOTICE: This article was posted by BBNS and is the property of of BBNS. If you are reading this article on another site, it was illegally copied and republished in violation of U.S. and international copyright & trademark laws. The original version of this article can be viewed at https://baseballnewssource.com/2018/03/21/ttec-ttec-posts-quarterly-earnings-results-beats-estimates-by-0-07-eps/2028684.html.
TTEC Company Profile
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).
Receive News & Ratings for TTEC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TTEC and related companies with MarketBeat.com's FREE daily email newsletter.