TTEC (NASDAQ:TTEC) Updates FY 2024 Earnings Guidance

TTEC (NASDAQ:TTEC) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided EPS guidance of 0.640-0.830 for the period, compared to the consensus EPS 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.

Analyst Ratings Changes

TTEC has been the subject of a number of research analyst reports. Northland Securities decreased their price target on TTEC from $19.00 to $16.00 and set an “outperform” rating for the company in a research note on Tuesday, August 13th. Guggenheim upgraded TTEC from a “sell” rating to a “neutral” rating in a research report on Tuesday, October 1st. Canaccord Genuity Group reduced their price target on TTEC from $8.00 to $4.50 and set a “hold” rating for the company in a research report on Tuesday, August 13th. Finally, StockNews.com cut shares of TTEC from a “hold” rating to a “sell” rating in a research note on Friday, September 6th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $11.90.

TTEC Stock Performance

Shares of NASDAQ:TTEC traded up $0.17 during midday trading on Wednesday, hitting $5.43. 574,721 shares of the company’s stock traded hands, compared to its average volume of 542,979. TTEC has a twelve month low of $3.67 and a twelve month high of $22.69. The company has a debt-to-equity ratio of 3.06, a quick ratio of 1.56 and a current ratio of 1.56. The firm’s fifty day moving average price is $5.07 and its two-hundred day moving average price is $5.99.

TTEC (NASDAQ:TTEC) last posted its quarterly earnings data on Thursday, August 8th. The business services provider reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.14). TTEC had a positive return on equity of 7.38% and a negative net margin of 13.39%. The firm had revenue of $534.09 million for the quarter, compared to analysts’ expectations of $554.67 million. On average, sell-side analysts forecast that TTEC will post 0.44 EPS for the current year.

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.