TeleTech (NASDAQ:TTEC) Posts Earnings Results, Misses Expectations By $0.13 EPS

TeleTech (NASDAQ:TTEC) announced its quarterly earnings results on Thursday. The business services provider reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.13), FiscalAI reports. TeleTech had a negative net margin of 1.20% and a positive return on equity of 8.23%. The business had revenue of $519.14 million during the quarter, compared to the consensus estimate of $497.92 million. TeleTech updated its FY 2025 guidance to 0.950-1.200 EPS.

TeleTech Trading Down 14.4%

Shares of NASDAQ:TTEC traded down $0.46 during trading on Friday, reaching $2.70. 1,305,538 shares of the company were exchanged, compared to its average volume of 424,599. The business’s fifty day simple moving average is $3.56 and its 200-day simple moving average is $4.23. The company has a debt-to-equity ratio of 2.99, a current ratio of 1.77 and a quick ratio of 1.77. TeleTech has a 12-month low of $2.49 and a 12-month high of $5.86. The firm has a market capitalization of $130.61 million, a PE ratio of -4.99, a P/E/G ratio of 0.36 and a beta of 1.22.

Analyst Ratings Changes

A number of equities analysts have recently commented on TTEC shares. Wall Street Zen upgraded TeleTech from a “hold” rating to a “buy” rating in a report on Saturday, August 9th. Barrington Research reaffirmed a “market perform” rating on shares of TeleTech in a research note on Monday, August 18th. Weiss Ratings reissued a “sell (e+)” rating on shares of TeleTech in a research note on Wednesday, October 8th. Finally, Zacks Research raised shares of TeleTech to a “hold” rating in a research note on Friday, August 8th. Three equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average target price of $3.50.

Hedge Funds Weigh In On TeleTech

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC increased its position in TeleTech by 8.0% during the 2nd quarter. Geode Capital Management LLC now owns 503,241 shares of the business services provider’s stock valued at $2,421,000 after purchasing an additional 37,252 shares during the period. Goldman Sachs Group Inc. boosted its position in TeleTech by 4.1% during the first quarter. Goldman Sachs Group Inc. now owns 565,274 shares of the business services provider’s stock valued at $1,860,000 after purchasing an additional 22,247 shares in the last quarter. Engineers Gate Manager LP grew its stake in TeleTech by 8.7% in the second quarter. Engineers Gate Manager LP now owns 56,826 shares of the business services provider’s stock valued at $273,000 after purchasing an additional 4,532 shares during the last quarter. Finally, Cetera Investment Advisers bought a new position in TeleTech in the second quarter worth about $124,000. Institutional investors own 38.03% of the company’s stock.

About TeleTech

TTEC Holdings, Inc operates as a customer experience (CX) company that designs, builds, and operates technology-enabled customer experiences across digital and live interaction channels. It operates through two segments, TTEC Digital and TTEC Engage. The TTEC Digital segment provides CX technologies for contact center as a service, customer relationship management, and artificial intelligence (AI) and analytics; creates and implements strategic CX transformation roadmaps; sells, operates, and provides managed services for cloud platforms and premise based CX technologies; creates proprietary IP to support industry specific and custom client needs; and offers CX consulting services.