TTEC (NASDAQ:TTEC) Releases Quarterly Earnings Results


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TTEC (NASDAQ:TTEC) released its quarterly earnings data on Tuesday. The business services provider reported $1.26 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.00 by $0.26, MarketWatch Earnings reports. TTEC had a return on equity of 30.50% and a net margin of 5.57%. The business had revenue of $539.20 million for the quarter, compared to analysts’ expectations of $530.74 million. During the same quarter in the previous year, the business posted $0.74 EPS. TTEC’s revenue for the quarter was up 24.8% on a year-over-year basis. TTEC updated its FY 2021 guidance to 4.140-4.320 EPS and its FY21 guidance to $4.14-4.32 EPS.

Shares of NASDAQ TTEC traded down $1.20 during trading hours on Tuesday, hitting $102.77. The company had a trading volume of 151,484 shares, compared to its average volume of 164,598. TTEC has a 1-year low of $35.12 and a 1-year high of $109.95. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.67. The firm’s 50 day moving average is $102.01 and its 200-day moving average is $80.98. The stock has a market capitalization of $4.81 billion, a P/E ratio of 47.14, a price-to-earnings-growth ratio of 1.31 and a beta of 0.77.

The business also recently declared a Semi-Annual dividend, which was paid on Wednesday, April 21st. Shareholders of record on Monday, April 5th were given a dividend of $0.43 per share. This is a positive change from TTEC’s previous Semi-Annual dividend of $0.40. The ex-dividend date of this dividend was Thursday, April 1st. This represents a dividend yield of 1%. TTEC’s payout ratio is 45.50%.

Several research analysts have recently weighed in on TTEC shares. Zacks Investment Research upgraded shares of TTEC from a “hold” rating to a “buy” rating and set a $99.00 price target for the company in a report on Wednesday, March 3rd. Cowen downgraded TTEC from an “outperform” rating to a “market perform” rating and lifted their price target for the company from $85.00 to $90.00 in a research note on Friday, March 5th. Craig Hallum boosted their price target on TTEC from $75.00 to $110.00 and gave the company a “buy” rating in a report on Wednesday, March 3rd. Northland Securities reiterated a “buy” rating on shares of TTEC in a report on Friday, March 5th. Finally, Morgan Stanley upped their price target on TTEC from $80.00 to $87.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 9th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $90.86.

About TTEC

TTEC Holdings, Inc, a customer experience technology and services company, focuses on the design, implementation, and delivery of transformative customer experience for various brands. It operates through TTEC Digital and TTEC Engage segments. The TTEC Digital segments designs, builds, and delivers tech-enabled customer experience solutions through its professional services and suite of technology offerings to enabling and accelerating digital transformation for clients.

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Earnings History for TTEC (NASDAQ:TTEC)

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