TeleTech Holdings, Inc. (TTEC) Expected to Post Quarterly Sales of $349.27 Million
Analysts expect TeleTech Holdings, Inc. (NASDAQ:TTEC) to announce $349.27 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for TeleTech Holdings’ earnings. The highest sales estimate is $352.84 million and the lowest is $347.46 million. TeleTech Holdings posted sales of $312.80 million during the same quarter last year, which suggests a positive year over year growth rate of 11.7%. The company is scheduled to issue its next earnings results on Wednesday, November 8th.
According to Zacks, analysts expect that TeleTech Holdings will report full-year sales of $349.27 million for the current year, with estimates ranging from $1.41 billion to $1.43 billion. For the next year, analysts expect that the business will post sales of $1.50 billion per share, with estimates ranging from $1.49 billion to $1.52 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for TeleTech Holdings.
TeleTech Holdings (NASDAQ:TTEC) last posted its quarterly earnings results on Monday, August 7th. The business services provider reported $0.38 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.05. The firm had revenue of $353.42 million during the quarter, compared to the consensus estimate of $332.52 million. TeleTech Holdings had a return on equity of 19.49% and a net margin of 3.30%. The business’s revenue was up 15.8% compared to the same quarter last year. During the same period last year, the company earned $0.28 earnings per share.
TTEC has been the subject of a number of research analyst reports. Zacks Investment Research raised TeleTech Holdings from a “hold” rating to a “buy” rating and set a $46.00 price target for the company in a research report on Friday, August 11th. TheStreet raised TeleTech Holdings from a “c+” rating to a “b” rating in a research report on Thursday, May 11th. Finally, BidaskClub downgraded TeleTech Holdings from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 5th.
TeleTech Holdings (NASDAQ:TTEC) opened at 40.15 on Monday. TeleTech Holdings has a 52 week low of $24.45 and a 52 week high of $43.45. The company has a market capitalization of $1.84 billion, a P/E ratio of 41.74 and a beta of 0.92. The stock’s 50 day moving average price is $40.78 and its 200 day moving average price is $36.28.
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In other TeleTech Holdings news, SVP Steven C. Pollema sold 1,317 shares of the stock in a transaction on Thursday, June 15th. The stock was sold at an average price of $42.01, for a total transaction of $55,327.17. Following the completion of the transaction, the senior vice president now directly owns 6,880 shares of the company’s stock, valued at $289,028.80. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 70.00% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Dynamic Technology Lab Private Ltd bought a new position in TeleTech Holdings during the second quarter valued at $263,000. Susquehanna International Group LLP bought a new position in TeleTech Holdings during the second quarter valued at $1,386,000. Arrowstreet Capital Limited Partnership bought a new position in TeleTech Holdings during the second quarter valued at $1,898,000. Gotham Asset Management LLC bought a new position in TeleTech Holdings during the second quarter valued at $807,000. Finally, Cornerstone Capital Management Holdings LLC. bought a new position in TeleTech Holdings during the second quarter valued at $1,051,000. 25.74% of the stock is owned by institutional investors and hedge funds.
TeleTech Holdings Company Profile
TeleTech Holdings, Inc (TeleTech) is a customer service provider that delivers consulting, technology, growth and customer care solutions on a global scale. 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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