TeleTech (NASDAQ:TTEC) Releases Quarterly Earnings Results, Misses Estimates By $0.30 EPS

TeleTech (NASDAQ:TTEC) posted its quarterly earnings data on Monday. The business services provider reported ($0.10) earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.30), FiscalAI reports. The firm had revenue of $492.25 million for the quarter, compared to analyst estimates of $480.20 million. TeleTech had a positive return on equity of 16.25% and a negative net margin of 10.23%.

TeleTech Stock Up 1.1%

NASDAQ:TTEC traded up $0.01 on Monday, hitting $1.40. 180,412 shares of the company’s stock were exchanged, compared to its average volume of 505,429. The firm has a 50-day moving average price of $1.41 and a 200-day moving average price of $2.21. The company has a debt-to-equity ratio of 9.41, a current ratio of 1.87 and a quick ratio of 1.87. TeleTech has a 52 week low of $1.18 and a 52 week high of $3.98. The company has a market cap of $68.77 million, a P/E ratio of -0.32, a price-to-earnings-growth ratio of 0.46 and a beta of 0.90.

Analysts Set New Price Targets

Several research firms have commented on TTEC. Weiss Ratings restated a “sell (e+)” rating on shares of TeleTech in a research note on Thursday, October 15th. Zacks Research raised TeleTech from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 4th. Two research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, TeleTech presently has an average rating of “Reduce”.

About TeleTech

TeleTech, now known as TTEC Holdings, Inc (NASDAQ:TTEC), is a global customer experience technology and services company. Founded in 1982 by Kenneth Tuchman, the company helps organizations design, build and manage customer interactions across digital and traditional channels.

TTEC’s services include customer care, technical support, sales and marketing, trust and safety, consulting, artificial intelligence, automation, analytics, cloud technologies and customer experience strategy. Its offerings are delivered through a combination of customer experience software, technology platforms and outsourced business-process services.

The company serves clients across industries including financial services, healthcare, communications, retail, travel and hospitality, automotive, and the public sector.