TeleTech (NASDAQ:TTEC – Get Free Report) announced its earnings results on Monday. The business services provider reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.20), FiscalAI reports. TeleTech had a positive return on equity of 15.66% and a negative net margin of 9.60%.The business had revenue of $455.50 million for the quarter, compared to analysts’ expectations of $477.94 million. TeleTech updated its FY 2026 guidance to 0.790-0.990 EPS.
TeleTech Stock Performance
TTEC traded down $0.22 during midday trading on Monday, hitting $2.33. 474,608 shares of the company were exchanged, compared to its average volume of 531,722. The company’s 50 day simple moving average is $2.26 and its 200 day simple moving average is $2.57. The firm has a market capitalization of $113.38 million, a price-to-earnings ratio of -0.56, a price-to-earnings-growth ratio of 0.35 and a beta of 1.02. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 8.74. TeleTech has a 1-year low of $1.90 and a 1-year high of $3.98.
Wall Street Analyst Weigh In
Several equities analysts have recently issued reports on the stock. Wall Street Zen downgraded shares of TeleTech from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Zacks Research cut shares of TeleTech from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 7th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of TeleTech in a research report on Friday, July 17th. Three analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, TeleTech has an average rating of “Reduce”.
Institutional Trading of TeleTech
A number of hedge funds have recently modified their holdings of the stock. Intech Investment Management LLC acquired a new stake in TeleTech during the third quarter worth about $35,000. XTX Topco Ltd acquired a new position in TeleTech in the fourth quarter valued at approximately $43,000. Quarry LP acquired a new position in TeleTech in the third quarter valued at approximately $56,000. Jain Global LLC boosted its position in TeleTech by 44.1% in the 4th quarter. Jain Global LLC now owns 17,970 shares of the business services provider’s stock worth $65,000 after purchasing an additional 5,498 shares in the last quarter. Finally, Boothbay Fund Management LLC purchased a new stake in TeleTech in the 3rd quarter worth approximately $74,000. Hedge funds and other institutional investors own 38.03% of the company’s stock.
TeleTech Company Profile
TTEC Holdings, Inc (NASDAQ: TTEC) is a global customer experience technology and services company that designs, builds and delivers transformative solutions for customer acquisition and engagement. Leveraging a combination of digital consulting, technology, analytics and operations services, TTEC helps clients across industries enhance their customer journeys, automate key processes and harness data-driven insights to foster loyalty and drive revenue growth.
The company’s core offerings span end-to-end customer engagement solutions, including customer experience (CX) strategy consulting, cloud migration, omni-channel contact center operations and managed services.
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