TELUS International (Cda) (NYSE:TIXT) Updates FY 2024 Earnings Guidance

TELUS International (Cda) (NYSE:TIXT) updated its FY 2024 earnings guidance on Friday. The company provided earnings per share guidance of 0.390-0.440 for the period, compared to the consensus earnings per share estimate of 0.950. The company issued revenue guidance of $2.6 billion-$2.7 billion, compared to the consensus revenue estimate of $2.8 billion. TELUS International (Cda) also updated its FY24 guidance to $0.39-0.44 EPS.

Analysts Set New Price Targets

Several analysts recently commented on the company. Canaccord Genuity Group dropped their price target on TELUS International (Cda) from $16.50 to $16.00 and set a buy rating for the company in a research report on Tuesday, May 7th. Robert W. Baird dropped their target price on TELUS International (Cda) from $10.00 to $9.00 and set a neutral rating for the company in a report on Friday, April 19th. Scotiabank cut TELUS International (Cda) from a sector outperform rating to a sector perform rating and dropped their target price for the company from $13.00 to $10.00 in a report on Friday, May 10th. Citigroup dropped their target price on TELUS International (Cda) from $10.00 to $8.50 and set a neutral rating for the company in a report on Monday, April 22nd. Finally, BMO Capital Markets dropped their target price on TELUS International (Cda) from $9.50 to $7.50 and set a market perform rating for the company in a report on Friday, May 10th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of Hold and an average target price of $11.21.

TELUS International (Cda) Trading Down 36.0 %

TIXT traded down $2.33 during mid-day trading on Friday, hitting $4.15. 2,731,030 shares of the stock were exchanged, compared to its average volume of 259,603. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.78. The company has a market cap of $443.34 million, a PE ratio of 27.63, a PEG ratio of 0.95 and a beta of 0.74. The firm’s fifty day moving average is $5.97 and its two-hundred day moving average is $7.71. TELUS International has a 1-year low of $4.14 and a 1-year high of $11.51.

TELUS International (Cda) (NYSE:TIXT) last posted its quarterly earnings results on Friday, August 2nd. The company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.03). TELUS International (Cda) had a net margin of 2.54% and a return on equity of 11.67%. The company had revenue of $652.00 million during the quarter, compared to analyst estimates of $682.32 million. During the same period in the prior year, the business earned $0.16 EPS. TELUS International (Cda)’s revenue for the quarter was down 2.2% on a year-over-year basis. Equities analysts forecast that TELUS International will post 0.95 earnings per share for the current fiscal year.

About TELUS International (Cda)

TELUS International (Cda) Inc design, builds, and delivers digital solutions for customer experience (CX) in the Asia-Pacific, the Central America, Europe, Africa, North America, and internationally. The company provides digital experience solutions, such as AI and bots, omnichannel CX, enterprise mobility solutions, cloud contact center, big data analytics, platform transformation, and UX/UI design; and customer experience solutions, including work anywhere/work from home, contact center outsourcing, technical support, sales growth and customer retention, healthcare/patient experience, and debt collection.