Zacks: TTEC Holdings Inc (TTEC) Receives Consensus Rating of “Hold” from Brokerages
Shares of TTEC Holdings Inc (NASDAQ:TTEC) have earned an average broker rating score of 3.00 (Hold) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. Two equities research analysts have rated the stock with a hold rating.
Analysts have set a 1 year consensus price objective of $34.00 for the company and are expecting that the company will post $0.31 EPS for the current quarter, according to Zacks. Zacks has also given TTEC an industry rank of 160 out of 255 based on the ratings given to its competitors.
TTEC has been the topic of several recent analyst reports. BidaskClub upgraded TTEC from a “hold” rating to a “buy” rating in a research report on Friday, December 28th. Zacks Investment Research cut TTEC from a “hold” rating to a “sell” rating in a research report on Thursday, January 10th. TheStreet upgraded TTEC from a “c” rating to a “b” rating in a research report on Wednesday, March 20th. Finally, ValuEngine upgraded TTEC from a “hold” rating to a “buy” rating in a research report on Monday, April 1st.
Several large investors have recently made changes to their positions in the company. PNC Financial Services Group Inc. lifted its stake in TTEC by 481.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,721 shares of the business services provider’s stock valued at $50,000 after buying an additional 1,425 shares in the last quarter. Bank of Montreal Can lifted its stake in TTEC by 88.7% in the 4th quarter. Bank of Montreal Can now owns 2,155 shares of the business services provider’s stock valued at $62,000 after buying an additional 1,013 shares in the last quarter. Municipal Employees Retirement System of Michigan purchased a new stake in TTEC in the 4th quarter valued at approximately $115,000. Metropolitan Life Insurance Co. NY lifted its stake in TTEC by 322.7% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 4,781 shares of the business services provider’s stock valued at $137,000 after buying an additional 3,650 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund purchased a new stake in TTEC in the 4th quarter valued at approximately $151,000. 26.86% of the stock is currently owned by institutional investors and hedge funds.
TTEC stock traded down $0.18 during trading on Monday, hitting $35.22. The company had a trading volume of 25,100 shares, compared to its average volume of 56,943. The stock has a market capitalization of $1.64 billion, a PE ratio of 23.64, a price-to-earnings-growth ratio of 2.71 and a beta of 0.78. TTEC has a 1-year low of $23.01 and a 1-year high of $37.55. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 0.80.
TTEC (NASDAQ:TTEC) last released its earnings results on Wednesday, March 6th. The business services provider reported $0.63 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.76 by ($0.13). TTEC had a return on equity of 20.37% and a net margin of 2.37%. The business had revenue of $419.13 million for the quarter, compared to analyst estimates of $410.19 million. Analysts expect that TTEC will post 1.65 earnings per share for the current fiscal year.
The company also recently declared a semiannual dividend, which will be paid on Thursday, April 18th. Stockholders of record on Thursday, March 28th will be paid a dividend of $0.30 per share. This is a positive change from TTEC’s previous semiannual dividend of $0.28. The ex-dividend date is Wednesday, March 27th. This represents a dividend yield of 1.69%. TTEC’s payout ratio is 40.27%.
TTEC Holdings, Inc designs, builds, and operates omni-channel customer experiences. It operates through four segments: Customer Management Services (CMS), Customer Growth Services (CGS), Customer Technology Services (CTS), and Customer Strategy Services (CSS). The CMS segment offers customer experience delivery solutions, which integrate technology with customer experience professionals to optimize the customer experience across various channels and stages of the customer lifecycle from an onshore, offshore, or work-from-home environments.
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