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 earnings per share guidance of 0.640-0.830 for the period, compared to the consensus earnings per share 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.

Analysts Set New Price Targets

TTEC has been the topic of several analyst reports. StockNews.com raised shares of TTEC from a “sell” rating to a “hold” rating in a report on Thursday. Northland Securities cut their price objective on shares of TTEC from $19.00 to $16.00 and set an “outperform” rating on the stock in a report on Tuesday, August 13th. Canaccord Genuity Group cut their price objective on shares of TTEC from $8.00 to $4.50 and set a “hold” rating on the stock in a report on Tuesday, August 13th. Finally, Guggenheim raised shares of TTEC from a “sell” rating to a “neutral” rating in a report on Tuesday, October 1st. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $11.90.

TTEC Stock Performance

TTEC stock traded down $0.20 during mid-day trading on Friday, reaching $4.60. The company had a trading volume of 642,108 shares, compared to its average volume of 548,005. The stock has a market capitalization of $219.51 million, a P/E ratio of -0.66, a P/E/G ratio of 3.06 and a beta of 1.05. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 3.06. TTEC has a one year low of $3.67 and a one year high of $22.69. The stock’s 50-day simple moving average is $5.06 and its two-hundred day simple moving average is $5.95.

TTEC (NASDAQ:TTEC) last released its earnings results on Thursday, August 8th. The business services provider reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.14). The firm had revenue of $534.09 million for the quarter, compared to analyst estimates of $554.67 million. TTEC had a positive return on equity of 4.47% and a negative net margin of 14.69%. Research analysts anticipate that TTEC will post 0.44 EPS for the current year.

About TTEC

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.