TELUS International (Cda) (TIXT) to Release Quarterly Earnings on Thursday

TELUS International (Cda) (NYSE:TIXT) is scheduled to be issuing its quarterly earnings data before the market opens on Thursday, May 9th. Analysts expect the company to announce earnings of $0.19 per share for the quarter. TELUS International (Cda) has set its FY24 guidance at $0.93-0.98 EPS and its FY 2024 guidance at 0.930-0.980 EPS.Persons interested in listening to the company’s earnings conference call can do so using this link.

TELUS International (Cda) (NYSE:TIXT) last posted its earnings results on Friday, February 9th. The company reported $0.26 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.26. TELUS International (Cda) had a return on equity of 11.74% and a net margin of 1.99%. The firm had revenue of $692.00 million during the quarter, compared to analysts’ expectations of $691.00 million. During the same period in the previous year, the firm earned $0.34 earnings per share. The company’s revenue was up 9.8% on a year-over-year basis. On average, analysts expect TELUS International (Cda) to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

TELUS International (Cda) Stock Down 1.0 %

NYSE:TIXT opened at $7.95 on Tuesday. TELUS International has a 1 year low of $6.03 and a 1 year high of $18.09. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.80. The stock has a market cap of $849.30 million, a price-to-earnings ratio of 53.00, a PEG ratio of 1.00 and a beta of 0.86. The stock has a 50-day moving average price of $8.72 and a two-hundred day moving average price of $8.36.

Analysts Set New Price Targets

A number of research firms have issued reports on TIXT. Guggenheim began coverage on TELUS International (Cda) in a research note on Tuesday, March 19th. They issued a “neutral” rating and a $9.00 target price for the company. Barclays reduced their price objective on TELUS International (Cda) from $12.00 to $9.00 and set an “equal weight” rating for the company in a research report on Friday, April 26th. Scotiabank reduced their price objective on TELUS International (Cda) from $15.00 to $13.00 and set a “sector outperform” rating for the company in a research report on Monday, April 29th. TheStreet raised TELUS International (Cda) from a “d” rating to a “c-” rating in a research report on Monday, February 12th. Finally, Citigroup reduced their price objective on TELUS International (Cda) from $10.00 to $8.50 and set a “neutral” rating for the company in a research report on Monday, April 22nd. Eight research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, TELUS International (Cda) currently has a consensus rating of “Hold” and a consensus price target of $13.33.

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.