TTEC (NASDAQ:TTEC) Issues FY 2024 Earnings Guidance

TTEC (NASDAQ:TTEC) updated its FY 2024 earnings guidance on Wednesday. The company provided EPS guidance of 1.100-1.780 for the period, compared to the consensus EPS estimate of 1.470. The company issued revenue guidance of $2.3 billion-$2.4 billion, compared to the consensus revenue estimate of $2.3 billion. TTEC also updated its FY24 guidance to $1.10-1.78 EPS.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Barrington Research lowered TTEC from an outperform rating to a market perform rating in a research report on Monday, March 4th. Guggenheim began coverage on TTEC in a research report on Tuesday, March 19th. They set a sell rating and a $8.00 target price for the company. Canaccord Genuity Group lowered TTEC from a buy rating to a hold rating in a report on Wednesday, March 6th. Finally, Canaccord Genuity Group reiterated a hold rating and issued a $13.00 price target (down previously from $30.00) on shares of TTEC in a report on Wednesday, March 6th. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. Based on data from MarketBeat, TTEC presently has a consensus rating of Hold and a consensus price target of $17.50.

TTEC Stock Up 4.0 %

Shares of NASDAQ TTEC traded up $0.32 during midday trading on Wednesday, reaching $8.26. 301,661 shares of the company’s stock traded hands, compared to its average volume of 323,736. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 1.62. The stock’s 50 day simple moving average is $9.79 and its 200-day simple moving average is $16.32. TTEC has a one year low of $7.17 and a one year high of $36.27. The company has a market cap of $391.94 million, a price-to-earnings ratio of 44.11, a P/E/G ratio of 0.83 and a beta of 1.06.

TTEC (NASDAQ:TTEC) last released its quarterly earnings data 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). TTEC had a net margin of 0.34% and a return on equity of 13.74%. The business had revenue of $626.18 million for the quarter, compared to the consensus estimate of $602.98 million. On average, analysts predict that TTEC will post 1.16 EPS for the current fiscal year.

TTEC Cuts Dividend

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

About TTEC

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.