TTEC (TTEC) Set to Announce Quarterly Earnings on Wednesday

TTEC (NASDAQ:TTEC) will be issuing its quarterly earnings data after the market closes on Wednesday, May 8th. Analysts expect the company to announce earnings of $0.30 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

TTEC (NASDAQ:TTEC) last announced its quarterly earnings results on Thursday, February 29th. The business services provider reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.04). The firm had revenue of $626.18 million during the quarter, compared to analysts’ expectations of $602.98 million. TTEC had a net margin of 0.34% and a return on equity of 13.74%. On average, analysts expect TTEC to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

TTEC Stock Down 7.3 %

Shares of NASDAQ TTEC opened at $7.28 on Wednesday. The company has a debt-to-equity ratio of 1.62, a quick ratio of 1.69 and a current ratio of 1.69. The firm has a market capitalization of $345.44 million, a price-to-earnings ratio of 40.45, a PEG ratio of 0.85 and a beta of 0.99. The stock has a 50 day moving average price of $10.81 and a 200 day moving average price of $16.85. TTEC has a 52-week low of $7.27 and a 52-week high of $36.70.

TTEC Cuts Dividend

The firm also recently disclosed a Semi-Annual dividend, which was paid on Tuesday, April 30th. Investors of record on Wednesday, April 3rd were paid a $0.06 dividend. This represents a yield of 4.6%. The ex-dividend date of this dividend was Tuesday, April 2nd. TTEC’s dividend payout ratio (DPR) is 66.67%.

Analyst Ratings Changes

A number of brokerages recently commented on TTEC. Barrington Research downgraded shares of TTEC from an “outperform” rating to a “market perform” rating in a research note on Monday, March 4th. Canaccord Genuity Group downgraded shares of TTEC from a “buy” rating to a “hold” rating in a research note on Wednesday, March 6th. Canaccord Genuity Group reissued a “hold” rating and issued a $13.00 price objective (down previously from $30.00) on shares of TTEC in a research note on Wednesday, March 6th. Finally, Guggenheim began coverage on shares of TTEC in a research note on Tuesday, March 19th. They issued a “sell” rating and a $8.00 price objective for the company. One analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. According to data from MarketBeat.com, TTEC currently has an average rating of “Hold” and an average price target of $22.00.

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.