TTEC Holdings Inc (NASDAQ:TTEC) has been given a consensus broker rating score of 3.00 (Hold) from the two analysts that provide coverage for the company, Zacks Investment Research reports. Two analysts have rated the stock with a hold recommendation.
Brokerages have set a 1 year consensus target price of $30.50 for the company and are predicting that the company will post $0.76 EPS for the current quarter, according to Zacks. Zacks has also assigned TTEC an industry rank of 91 out of 256 based on the ratings given to its competitors.
A number of brokerages have commented on TTEC. BidaskClub upgraded shares of TTEC from a “strong sell” rating to a “sell” rating in a research note on Saturday, September 22nd. ValuEngine upgraded shares of TTEC from a “strong sell” rating to a “sell” rating in a research note on Thursday, October 4th. Finally, Zacks Investment Research upgraded shares of TTEC from a “hold” rating to a “buy” rating and set a $33.00 price target for the company in a research note on Saturday, November 17th.
Several hedge funds and other institutional investors have recently bought and sold shares of TTEC. SG Americas Securities LLC bought a new stake in shares of TTEC in the 2nd quarter worth $199,000. BlackRock Inc. grew its stake in shares of TTEC by 9.0% in the 2nd quarter. BlackRock Inc. now owns 2,067,328 shares of the business services provider’s stock worth $71,427,000 after acquiring an additional 171,139 shares in the last quarter. Legal & General Group Plc grew its stake in shares of TTEC by 6.1% in the 2nd quarter. Legal & General Group Plc now owns 33,127 shares of the business services provider’s stock worth $1,149,000 after acquiring an additional 1,914 shares in the last quarter. Itau Unibanco Holding S.A. bought a new stake in shares of TTEC in the 2nd quarter worth $143,000. Finally, Bank of America Corp DE grew its stake in shares of TTEC by 69.7% in the 2nd quarter. Bank of America Corp DE now owns 83,044 shares of the business services provider’s stock worth $2,868,000 after acquiring an additional 34,102 shares in the last quarter. Hedge funds and other institutional investors own 25.19% of the company’s stock.
Shares of TTEC stock traded up $0.70 during trading on Monday, reaching $32.84. 35,172 shares of the company traded hands, compared to its average volume of 62,900. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.83. TTEC has a 1-year low of $23.01 and a 1-year high of $42.30. The company has a market capitalization of $1.45 billion, a PE ratio of 18.24, a PEG ratio of 2.02 and a beta of 0.74.
TTEC (NASDAQ:TTEC) last released its earnings results on Wednesday, November 7th. The business services provider reported $0.22 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.04. The company had revenue of $364.94 million for the quarter, compared to the consensus estimate of $356.49 million. TTEC had a negative net margin of 1.71% and a positive return on equity of 20.76%. Sell-side analysts expect that TTEC will post 1.62 EPS for the current fiscal year.
TTEC Holdings, Inc designs, builds, and operates omni-channel customer experiences. It operates through four segments: Customer Management Services (CMS), Customer Growth Services (CGS), Customer Technology Services (CTS), and Customer Strategy Services (CSS). The CMS segment offers customer experience delivery solutions, which integrate technology with customer experience professionals to optimize the customer experience across various channels and stages of the customer lifecycle from an onshore, offshore, or work-from-home environments.
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