FY2016 EPS Estimates for TeleTech Holdings Inc. Reduced by SunTrust Banks (TTEC)
TeleTech Holdings Inc. (NASDAQ:TTEC) – Research analysts at SunTrust Banks lowered their FY2016 earnings per share estimates for TeleTech Holdings in a note issued to investors on Monday. SunTrust Banks analyst F. Atkins now forecasts that the firm will post earnings per share of $1.36 for the year, down from their prior estimate of $1.62. SunTrust Banks also issued estimates for TeleTech Holdings’ Q4 2016 earnings at $0.46 EPS.
TeleTech Holdings (NASDAQ:TTEC) last announced its earnings results on Wednesday, November 9th. The company reported $0.39 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.48 by $0.09. The company had revenue of $312.80 million for the quarter. TeleTech Holdings had a return on equity of 15.62% and a net margin of 4.01%. The company’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.29 earnings per share.
TTEC has been the subject of a number of other reports. Sidoti initiated coverage on shares of TeleTech Holdings in a report on Monday, August 29th. They issued a “neutral” rating and a $32.00 price objective for the company. Zacks Investment Research lowered shares of TeleTech Holdings from a “hold” rating to a “sell” rating in a report on Saturday, October 8th. Finally, Wells Fargo & Co. downgraded shares of TeleTech Holdings from an “outperform” rating to a “market perform” rating in a research report on Monday, August 8th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. TeleTech Holdings presently has an average rating of “Hold” and a consensus price target of $31.00.
TeleTech Holdings (NASDAQ:TTEC) opened at 27.25 on Thursday. The firm has a market capitalization of $1.28 billion, a P/E ratio of 25.66 and a beta of 0.81. TeleTech Holdings has a one year low of $24.19 and a one year high of $30.25. The firm’s 50-day moving average price is $27.77 and its 200 day moving average price is $27.95.
A number of large investors have recently bought and sold shares of the company. Victory Capital Management Inc. increased its stake in TeleTech Holdings by 77.2% in the second quarter. Victory Capital Management Inc. now owns 3,827 shares of the company’s stock worth $104,000 after buying an additional 1,667 shares during the period. Municipal Employees Retirement System of Michigan increased its stake in TeleTech Holdings by 1.7% in the third quarter. Municipal Employees Retirement System of Michigan now owns 3,630 shares of the company’s stock worth $105,000 after buying an additional 60 shares during the period. BNP Paribas Arbitrage SA increased its stake in TeleTech Holdings by 90.5% in the second quarter. BNP Paribas Arbitrage SA now owns 5,531 shares of the company’s stock worth $150,000 after buying an additional 2,627 shares during the period. SG Americas Securities LLC bought a new stake in TeleTech Holdings during the third quarter worth approximately $153,000. Finally, Eqis Capital Management Inc. bought a new stake in TeleTech Holdings during the second quarter worth approximately $204,000. 27.39% of the stock is owned by institutional investors and hedge funds.
TeleTech Holdings Company Profile
TeleTech Holdings, Inc (TeleTech) is a customer engagement management service provider that delivers integrated consulting, technology, growth and customer care solutions. The Company operates through four segments: Customer Management Services (CMS), Customer Growth Services (CGS), Customer Technology Services (CTS) and Customer Strategy Services (CSS).
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