TeleTech (NASDAQ:TTEC) Announces Earnings Results

TeleTech (NASDAQ:TTEC) posted its quarterly earnings results on Monday. The business services provider reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.30), FiscalAI reports. The company had revenue of $492.25 million during the quarter, compared to the consensus estimate of $480.20 million. TeleTech had a negative net margin of 10.23% and a positive return on equity of 16.25%.

TeleTech Stock Performance

Shares of TTEC stock traded up $0.01 on Monday, reaching $1.40. The stock had a trading volume of 180,412 shares, compared to its average volume of 505,429. TeleTech has a 12 month low of $1.18 and a 12 month high of $3.98. The firm has a market capitalization of $68.77 million, a price-to-earnings ratio of -0.32, a P/E/G ratio of 0.46 and a beta of 0.90. The firm’s 50-day moving average is $1.41 and its two-hundred day moving average is $2.21. The company has a quick ratio of 1.87, a current ratio of 1.87 and a debt-to-equity ratio of 9.41.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on TTEC. Zacks Research upgraded TeleTech from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 4th. Weiss Ratings reissued a “sell (e+)” rating on shares of TeleTech in a research note on Thursday, October 15th. Two analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, TeleTech currently has a consensus rating of “Reduce”.

TeleTech Company Profile

TeleTech, now known as TTEC Holdings, Inc (NASDAQ:TTEC), is a global customer experience technology and services company. Founded in 1982 by Kenneth Tuchman, the company helps organizations design, build and manage customer interactions across digital and traditional channels.

TTEC’s services include customer care, technical support, sales and marketing, trust and safety, consulting, artificial intelligence, automation, analytics, cloud technologies and customer experience strategy. Its offerings are delivered through a combination of customer experience software, technology platforms and outsourced business-process services.

The company serves clients across industries including financial services, healthcare, communications, retail, travel and hospitality, automotive, and the public sector.