TTEC (NASDAQ:TTEC – Get Free Report) updated its FY 2024 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 1.100-1.780 for the period, compared to the consensus 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
A number of brokerages have issued reports on TTEC. Guggenheim began coverage on shares of TTEC in a report on Tuesday, March 19th. They issued a sell rating and a $8.00 price target on the stock. Barrington Research downgraded shares of TTEC from an outperform rating to a market perform rating in a report on Monday, March 4th. Canaccord Genuity Group downgraded shares of 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 from $30.00) on shares of TTEC in a report on Wednesday, March 6th. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of Hold and an average target price of $17.50.
Read Our Latest Analysis on TTEC
TTEC Price Performance
TTEC (NASDAQ:TTEC – Get Free Report) last issued its quarterly earnings results on Thursday, February 29th. The business services provider reported $0.25 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.04). The firm had revenue of $626.18 million for the quarter, compared to the consensus estimate of $602.98 million. TTEC had a net margin of 0.34% and a return on equity of 13.74%. On average, analysts predict that TTEC will post 1.16 EPS for the current year.
TTEC Cuts Dividend
The company also recently declared a Semi-Annual dividend, which was paid on Tuesday, April 30th. Investors of record on Wednesday, April 3rd were issued a dividend of $0.06 per share. The ex-dividend date was Tuesday, April 2nd. This represents a yield of 4.6%. TTEC’s payout ratio is 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.
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