TTEC (NASDAQ:TTEC) Issues FY 2024 Earnings Guidance

TTEC (NASDAQ:TTEC) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided EPS guidance of 0.740-0.970 for the period, compared to the consensus EPS estimate of 1.380. The company issued revenue guidance of $2.2 billion-$2.3 billion, compared to the consensus revenue estimate of $2.3 billion.

TTEC Stock Performance

Shares of NASDAQ:TTEC traded down $0.67 during midday trading on Friday, hitting $4.51. The company had a trading volume of 1,695,800 shares, compared to its average volume of 431,418. TTEC has a 12-month low of $3.71 and a 12-month high of $30.32. The company has a fifty day moving average of $6.54 and a two-hundred day moving average of $10.01. The company has a market cap of $214.50 million, a price-to-earnings ratio of -17.35, a PEG ratio of 0.86 and a beta of 1.05. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.61 and a quick ratio of 1.61.

TTEC (NASDAQ:TTEC) last issued its quarterly earnings results on Wednesday, May 8th. The business services provider reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.03). TTEC had a positive return on equity of 9.61% and a negative net margin of 0.52%. The company had revenue of $576.64 million during the quarter, compared to analysts’ expectations of $564.37 million. On average, equities research analysts expect that TTEC will post 1.07 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Craig Hallum decreased their target price on shares of TTEC from $18.00 to $13.00 and set a buy rating on the stock in a research note on Friday, May 10th. Canaccord Genuity Group decreased their price objective on shares of TTEC from $13.00 to $8.00 and set a hold rating on the stock in a research report on Friday, May 10th. Finally, StockNews.com downgraded shares of TTEC from a hold rating to a sell rating in a report on Thursday. Two analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, TTEC presently has a consensus rating of Hold and an average price target of $15.60.

TTEC Company Profile

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.