TeleTech Holdings, Inc. (NASDAQ:TTEC) – Research analysts at SunTrust Banks boosted their Q3 2017 earnings per share estimates for shares of TeleTech Holdings in a report released on Wednesday. SunTrust Banks analyst F. Atkins now expects that the firm will earn $0.45 per share for the quarter, up from their previous forecast of $0.42.
TeleTech Holdings (NASDAQ:TTEC) last issued its quarterly earnings results on Wednesday, March 8th. The company reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by $0.04. The company earned $344.90 million during the quarter, compared to the consensus estimate of $340.06 million. TeleTech Holdings had a return on equity of 15.62% and a net margin of 4.01%. The firm’s quarterly revenue was up .9% on a year-over-year basis. During the same quarter last year, the firm posted $0.47 EPS.
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A number of other research firms also recently commented on TTEC. TheStreet downgraded TeleTech Holdings from a “b” rating to a “c+” rating in a report on Wednesday, March 8th. Zacks Investment Research downgraded TeleTech Holdings from a “hold” rating to a “sell” rating in a report on Wednesday, January 11th.
Shares of TeleTech Holdings (NASDAQ:TTEC) opened at 30.75 on Monday. The company has a market cap of $1.43 billion, a price-to-earnings ratio of 43.31 and a beta of 0.80. TeleTech Holdings has a 52 week low of $24.45 and a 52 week high of $31.97. The company has a 50 day moving average of $30.18 and a 200-day moving average of $29.30.
A number of institutional investors have recently added to or reduced their stakes in TTEC. Dimensional Fund Advisors LP increased its position in shares of TeleTech Holdings by 0.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,380,203 shares of the company’s stock worth $42,097,000 after buying an additional 9,762 shares in the last quarter. Boston Partners increased its position in shares of TeleTech Holdings by 6.7% in the third quarter. Boston Partners now owns 1,274,227 shares of the company’s stock worth $36,939,000 after buying an additional 79,803 shares in the last quarter. BlackRock Fund Advisors increased its position in shares of TeleTech Holdings by 7.9% in the third quarter. BlackRock Fund Advisors now owns 1,136,697 shares of the company’s stock worth $32,953,000 after buying an additional 83,514 shares in the last quarter. Macquarie Group Ltd. increased its position in shares of TeleTech Holdings by 27.7% in the second quarter. Macquarie Group Ltd. now owns 551,580 shares of the company’s stock worth $14,964,000 after buying an additional 119,756 shares in the last quarter. Finally, State Street Corp increased its position in shares of TeleTech Holdings by 3.8% in the fourth quarter. State Street Corp now owns 375,056 shares of the company’s stock worth $11,440,000 after buying an additional 13,666 shares in the last quarter. Hedge funds and other institutional investors own 26.96% of the company’s stock.
The company also recently disclosed a semiannual dividend, which will be paid on Friday, April 14th. Investors of record on Friday, March 31st will be issued a $0.22 dividend. The ex-dividend date is Wednesday, March 29th. This represents a yield of 1.41%. This is an increase from TeleTech Holdings’s previous semiannual dividend of $0.20. TeleTech Holdings’s dividend payout ratio is currently 37.74%.
TeleTech Holdings Company Profile
TeleTech Holdings, Inc (TeleTech) is a customer engagement management service provider that delivers integrated consulting, technology, growth and customer care solutions. 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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