William Blair Analysts Lower Earnings Estimates for TIXT

TELUS International (Cda) Inc. (NYSE:TIXT) – Investment analysts at William Blair dropped their Q4 2024 EPS estimates for TELUS International (Cda) in a research note issued to investors on Monday, November 11th. William Blair analyst M. Nolan now expects that the company will post earnings of ($0.04) per share for the quarter, down from their previous estimate of $0.04. William Blair currently has a “Market Perform” rating on the stock. The consensus estimate for TELUS International (Cda)’s current full-year earnings is $0.43 per share. William Blair also issued estimates for TELUS International (Cda)’s FY2025 earnings at $0.31 EPS.

A number of other research analysts have also issued reports on the company. Cibc World Mkts lowered TELUS International (Cda) from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Barclays lowered their target price on shares of TELUS International (Cda) from $7.00 to $5.00 and set an “equal weight” rating on the stock in a research note on Monday, August 5th. JPMorgan Chase & Co. lowered shares of TELUS International (Cda) from a “neutral” rating to an “underweight” rating and set a $7.00 price target for the company. in a research note on Wednesday, July 17th. TD Cowen lowered shares of TELUS International (Cda) from a “buy” rating to a “hold” rating and lowered their price objective for the company from $10.00 to $3.75 in a research note on Tuesday, August 6th. Finally, Desjardins upgraded TELUS International (Cda) to a “hold” rating in a research report on Thursday, September 26th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $7.37.

TELUS International (Cda) Stock Performance

Shares of TIXT stock opened at $3.89 on Wednesday. TELUS International has a 12-month low of $2.83 and a 12-month high of $11.51. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.02 and a quick ratio of 1.09. The firm has a market capitalization of $415.03 million, a price-to-earnings ratio of -77.70, a price-to-earnings-growth ratio of 1.43 and a beta of 0.68. The business has a 50 day simple moving average of $3.74 and a 200 day simple moving average of $4.96.

TELUS International (Cda) (NYSE:TIXT) last posted its earnings results on Friday, November 8th. The company reported $0.05 EPS for the quarter, topping the consensus estimate of $0.02 by $0.03. TELUS International (Cda) had a net margin of 1.17% and a return on equity of 9.67%. The firm had revenue of $658.00 million during the quarter, compared to analysts’ expectations of $650.10 million. During the same quarter in the prior year, the firm earned $0.19 EPS.

Institutional Trading of TELUS International (Cda)

Several institutional investors and hedge funds have recently bought and sold shares of TIXT. Mackenzie Financial Corp boosted its holdings in shares of TELUS International (Cda) by 5.9% in the second quarter. Mackenzie Financial Corp now owns 8,440,050 shares of the company’s stock worth $48,744,000 after buying an additional 472,103 shares during the period. QV Investors Inc. boosted its stake in TELUS International (Cda) by 398.0% in the 3rd quarter. QV Investors Inc. now owns 6,011,720 shares of the company’s stock worth $23,496,000 after purchasing an additional 4,804,521 shares during the period. Scheer Rowlett & Associates Investment Management Ltd. grew its position in TELUS International (Cda) by 5.8% during the 3rd quarter. Scheer Rowlett & Associates Investment Management Ltd. now owns 3,151,263 shares of the company’s stock worth $12,301,000 after purchasing an additional 173,477 shares in the last quarter. 1832 Asset Management L.P. raised its stake in TELUS International (Cda) by 5.3% during the 1st quarter. 1832 Asset Management L.P. now owns 1,285,270 shares of the company’s stock valued at $10,873,000 after purchasing an additional 64,570 shares during the period. Finally, Horrell Capital Management Inc. purchased a new stake in shares of TELUS International (Cda) in the third quarter valued at $2,248,000. Institutional investors and hedge funds own 59.55% of the company’s stock.

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.