Zacks: Analysts Set $32.67 Target Price for TeleTech Holdings, Inc. (TTEC)
Shares of TeleTech Holdings, Inc. (NASDAQ:TTEC) have been assigned a consensus broker rating score of 0.00 () from the four analysts that cover the company, Zacks Investment Research reports. Three investment analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company.
Analysts have set a one year consensus price objective of $32.67 for the company and are predicting that the company will post $0.34 earnings per share for the current quarter, according to Zacks. Zacks has also assigned TeleTech Holdings an industry rank of 206 out of 265 based on the ratings given to related companies.
Several research firms have recently weighed in on TTEC. TheStreet lowered shares of TeleTech Holdings from a “b” rating to a “c+” rating in a research note on Wednesday, March 8th. Zacks Investment Research lowered shares of TeleTech Holdings from a “hold” rating to a “sell” rating in a research note on Tuesday, March 14th.
TeleTech Holdings (NASDAQ:TTEC) opened at 30.75 on Thursday. The firm has a market cap of $1.43 billion, a PE ratio of 43.31 and a beta of 0.80. The company’s 50-day moving average is $30.18 and its 200 day moving average is $29.30. TeleTech Holdings has a one year low of $24.45 and a one year high of $31.97.
TeleTech Holdings (NASDAQ:TTEC) last released its quarterly earnings data on Wednesday, March 8th. The company reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.46 by $0.04. The company earned $344.90 million during the quarter, compared to the consensus estimate of $340.06 million. TeleTech Holdings had a net margin of 4.01% and a return on equity of 15.62%. The business’s revenue was up .9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.47 EPS. Equities analysts anticipate that TeleTech Holdings will post $1.64 earnings per share for the current year.
The firm also recently declared a semiannual dividend, which will be paid on Friday, April 14th. Investors of record on Friday, March 31st will be given a $0.22 dividend. The ex-dividend date of this dividend is Wednesday, March 29th. This represents a yield of 1.41%. This is an increase from TeleTech Holdings’s previous semiannual dividend of $0.20. TeleTech Holdings’s dividend payout ratio (DPR) is presently 37.74%.
A number of hedge funds have recently bought and sold shares of the stock. 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 valued at $105,000 after buying an additional 60 shares during the last quarter. Victory Capital Management Inc. increased its stake in TeleTech Holdings by 25.1% in the third quarter. Victory Capital Management Inc. now owns 4,789 shares of the company’s stock valued at $139,000 after buying an additional 962 shares during the last quarter. Louisiana State Employees Retirement System acquired a new stake in TeleTech Holdings during the third quarter valued at about $206,000. Eqis Capital Management Inc. increased its stake in TeleTech Holdings by 1.4% in the third quarter. Eqis Capital Management Inc. now owns 7,636 shares of the company’s stock valued at $221,000 after buying an additional 107 shares during the last quarter. Finally, Aperio Group LLC increased its stake in TeleTech Holdings by 2.1% in the third quarter. Aperio Group LLC now owns 7,953 shares of the company’s stock valued at $231,000 after buying an additional 164 shares during the last quarter. 26.96% of the stock is owned by institutional investors and hedge funds.
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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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