TELUS International (Cda) (NYSE:TIXT) Releases FY 2024 Earnings Guidance

TELUS International (Cda) (NYSE:TIXT) updated its FY 2024 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 0.930-0.980 for the period, compared to the consensus estimate of 0.950. The company issued revenue guidance of $2.8 billion-$2.9 billion, compared to the consensus revenue estimate of $2.8 billion. TELUS International (Cda) also updated its FY24 guidance to $0.93-0.98 EPS.

TELUS International (Cda) Price Performance

Shares of TIXT stock traded down $0.09 during midday trading on Friday, reaching $6.27. 251,703 shares of the company traded hands, compared to its average volume of 217,034. The firm has a market cap of $669.82 million, a PE ratio of 42.34, a price-to-earnings-growth ratio of 1.00 and a beta of 0.86. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.14 and a quick ratio of 1.14. The firm’s 50 day simple moving average is $8.45 and its two-hundred day simple moving average is $8.36. TELUS International has a 1-year low of $6.03 and a 1-year high of $17.56.

TELUS International (Cda) (NYSE:TIXT) last issued its quarterly earnings data on Thursday, May 9th. The company reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.03. TELUS International (Cda) had a net margin of 1.99% and a return on equity of 11.74%. The firm had revenue of $657.00 million for the quarter, compared to analysts’ expectations of $675.33 million. During the same period in the prior year, the company earned $0.24 EPS. The firm’s revenue was down 4.2% on a year-over-year basis. On average, equities research analysts expect that TELUS International will post 0.89 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on TIXT. Citigroup reduced their target price on shares of TELUS International (Cda) from $10.00 to $8.50 and set a neutral rating on the stock in a research report on Monday, April 22nd. TD Securities raised their price target on shares of TELUS International (Cda) from $10.50 to $11.50 and gave the stock a buy rating in a research report on Monday, February 12th. Scotiabank downgraded shares of TELUS International (Cda) from a sector outperform rating to a sector perform rating and set a $10.00 price objective for the company. in a research report on Friday. Canaccord Genuity Group cut their target price on shares of TELUS International (Cda) from $16.50 to $16.00 and set a buy rating on the stock in a report on Tuesday. Finally, Barclays cut their price target on TELUS International (Cda) from $12.00 to $9.00 and set an equal weight rating on the stock in a report on Friday, April 26th. Nine analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, TELUS International (Cda) presently has a consensus rating of Hold and an average price target of $13.10.

About TELUS International (Cda)

TELUS International (Cda) Inc design, builds, and delivers digital solutions for customer experience (CX) in the Asia-Pacific, the Central America, Europe, Africa, North America, and internationally. The company provides digital experience solutions, such as AI and bots, omnichannel CX, enterprise mobility solutions, cloud contact center, big data analytics, platform transformation, and UX/UI design; and customer experience solutions, including work anywhere/work from home, contact center outsourcing, technical support, sales growth and customer retention, healthcare/patient experience, and debt collection.