TTEC (TTEC) Set to Announce Quarterly Earnings on Wednesday

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TTEC (NASDAQ:TTEC) is scheduled to issue its quarterly earnings data after the market closes on Wednesday, August 7th. Analysts expect the company to announce earnings of $0.11 per share for the quarter.

TTEC (NASDAQ:TTEC) last issued its earnings results on Tuesday, May 7th. The business services provider reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.16. TTEC had a return on equity of 21.29% and a net margin of 3.29%. The firm had revenue of $394.36 million for the quarter, compared to the consensus estimate of $382.90 million. On average, analysts expect TTEC to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Shares of TTEC opened at $43.75 on Tuesday. TTEC has a 52 week low of $23.01 and a 52 week high of $48.80. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 0.98. The stock has a market capitalization of $2.14 billion, a P/E ratio of 29.36, a price-to-earnings-growth ratio of 3.43 and a beta of 0.69. The business has a 50-day moving average of $46.07.

TTEC has been the topic of a number of recent research reports. Craig Hallum upped their target price on TTEC from $50.00 to $60.00 and gave the stock a “buy” rating in a research note on Monday, June 17th. BidaskClub upgraded TTEC from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, July 23rd. Finally, Zacks Investment Research downgraded TTEC from a “buy” rating to a “hold” rating in a research note on Saturday, July 27th. One analyst has rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. TTEC currently has a consensus rating of “Buy” and an average price target of $56.50.

In related news, EVP Martin F. Deghetto sold 25,317 shares of the company’s stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $39.00, for a total value of $987,363.00. Following the completion of the transaction, the executive vice president now owns 98,598 shares of the company’s stock, valued at approximately $3,845,322. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Martin F. Deghetto sold 35,000 shares of the company’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $39.00, for a total value of $1,365,000.00. Following the completion of the transaction, the executive vice president now directly owns 98,598 shares of the company’s stock, valued at approximately $3,845,322. The disclosure for this sale can be found here. Insiders sold a total of 61,067 shares of company stock valued at $2,379,993 in the last ninety days. 69.45% of the stock is currently owned by insiders.

TTEC Company Profile

TTEC Holdings, Inc designs and provides customer experience solutions in the United States, Latin America, Europe, the Middle East, Africa, the Asia Pacific, Canada, the United Kingdom, and internationally. It operates in four segments: Customer Management Services (CMS), Customer Growth Services (CGS), Customer Technology Services (CTS), and Customer Strategy Services (CSS).

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Earnings History for TTEC (NASDAQ:TTEC)

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