Analysts predict that TeleTech Holdings, Inc. (NASDAQ:TTEC) will report earnings of $0.40 per share for the current quarter, according to Zacks. Three analysts have made estimates for TeleTech Holdings’ earnings, with the lowest EPS estimate coming in at $0.29 and the highest estimate coming in at $0.47. TeleTech Holdings reported earnings per share of $0.39 in the same quarter last year, which would suggest a positive year over year growth rate of 2.6%. The company is scheduled to issue its next earnings report on Wednesday, November 8th.
According to Zacks, analysts expect that TeleTech Holdings will report full year earnings of $1.76 per share for the current year, with EPS estimates ranging from $1.71 to $1.80. For the next fiscal year, analysts expect that the business will report earnings of $2.01 per share, with EPS estimates ranging from $2.00 to $2.01. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that follow TeleTech Holdings.
TeleTech Holdings (NASDAQ:TTEC) last released its quarterly earnings results on Monday, August 7th. The business services provider reported $0.38 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.05. TeleTech Holdings had a net margin of 3.30% and a return on equity of 19.49%. The firm had revenue of $353.42 million for the quarter, compared to the consensus estimate of $332.52 million. During the same quarter in the previous year, the firm posted $0.28 EPS. The firm’s quarterly revenue was up 15.8% on a year-over-year basis.
Several analysts recently issued reports on TTEC shares. BidaskClub downgraded shares of TeleTech Holdings from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 5th. Zacks Investment Research downgraded shares of TeleTech Holdings from a “buy” rating to a “hold” rating in a report on Saturday, August 19th. Finally, TheStreet raised shares of TeleTech Holdings from a “c+” rating to a “b” rating in a report on Thursday, May 11th.
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TeleTech Holdings (NASDAQ:TTEC) traded down 3.11% during midday trading on Friday, reaching $38.90. 39,521 shares of the company traded hands. TeleTech Holdings has a 12 month low of $24.45 and a 12 month high of $43.45. The firm has a 50 day moving average of $40.78 and a 200-day moving average of $36.28. The stock has a market capitalization of $1.78 billion, a price-to-earnings ratio of 40.44 and a beta of 0.92.
In related news, SVP Steven C. Pollema sold 1,317 shares of the company’s stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $42.01, for a total transaction of $55,327.17. Following the completion of the transaction, the senior vice president now directly owns 6,880 shares in the company, valued at approximately $289,028.80. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 70.00% of the stock is owned by corporate insiders.
Large investors have recently added to or reduced their stakes in the stock. Mason Street Advisors LLC raised its stake in TeleTech Holdings by 7.0% during the 1st quarter. Mason Street Advisors LLC now owns 3,695 shares of the business services provider’s stock valued at $109,000 after purchasing an additional 242 shares during the last quarter. State of Alaska Department of Revenue raised its stake in TeleTech Holdings by 78.2% during the 2nd quarter. State of Alaska Department of Revenue now owns 3,100 shares of the business services provider’s stock valued at $126,000 after purchasing an additional 1,360 shares during the last quarter. Simplex Trading LLC acquired a new position in TeleTech Holdings during the 2nd quarter valued at $145,000. Municipal Employees Retirement System of Michigan raised its stake in TeleTech Holdings by 4.5% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 3,730 shares of the business services provider’s stock valued at $152,000 after purchasing an additional 160 shares during the last quarter. Finally, Victory Capital Management Inc. raised its stake in TeleTech Holdings by 24.6% during the 1st quarter. Victory Capital Management Inc. now owns 5,826 shares of the business services provider’s stock valued at $172,000 after purchasing an additional 1,151 shares during the last quarter. Hedge funds and other institutional investors own 25.74% of the company’s stock.
TeleTech Holdings Company Profile
TeleTech Holdings, Inc (TeleTech) is a customer service provider that delivers consulting, technology, growth and customer care solutions on a global scale. The Company operates through four segments: Customer Management Services (CMS), Customer Growth Services (CGS), Customer Technology Services (CTS) and Customer Strategy Services (CSS).
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