Zacks: TTEC Holdings Inc (TTEC) Given $30.00 Average Price Target by Brokerages

Shares of TTEC Holdings Inc (NASDAQ:TTEC) have been given a consensus broker rating score of 3.00 (Hold) from the two brokers that cover the stock, Zacks Investment Research reports. Two analysts have rated the stock with a hold rating.

Brokers have set a twelve-month consensus target price of $30.00 for the company and are forecasting that the company will post $0.79 earnings per share for the current quarter, according to Zacks. Zacks has also given TTEC an industry rank of 103 out of 257 based on the ratings given to related companies.

A number of brokerages have weighed in on TTEC. ValuEngine cut shares of TTEC from a “hold” rating to a “sell” rating in a report on Thursday, July 19th. BidaskClub upgraded shares of TTEC from a “strong sell” rating to a “sell” rating in a research note on Saturday, September 22nd. Finally, Zacks Investment Research downgraded shares of TTEC from a “hold” rating to a “sell” rating in a research note on Saturday, August 11th.

Shares of TTEC opened at $28.57 on Wednesday. The stock has a market capitalization of $1.17 billion, a price-to-earnings ratio of 16.62, a price-to-earnings-growth ratio of 1.97 and a beta of 0.73. The company has a debt-to-equity ratio of 0.87, a quick ratio of 2.38 and a current ratio of 2.38. TTEC has a fifty-two week low of $23.01 and a fifty-two week high of $42.30.

TTEC (NASDAQ:TTEC) last announced its quarterly earnings data on Wednesday, November 7th. The business services provider reported $0.22 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.04. The business had revenue of $364.94 million for the quarter, compared to analysts’ expectations of $356.49 million. TTEC had a negative net margin of 1.71% and a positive return on equity of 20.49%. As a group, equities analysts predict that TTEC will post 1.61 earnings per share for the current year.

The company also recently announced a semiannual dividend, which was paid on Friday, October 19th. Stockholders of record on Tuesday, October 9th were paid a $0.28 dividend. This represents a dividend yield of 2.16%. The ex-dividend date of this dividend was Friday, October 5th. This is an increase from TTEC’s previous semiannual dividend of $0.27. TTEC’s dividend payout ratio is currently 31.11%.

Hedge funds and other institutional investors have recently modified their holdings of the company. Itau Unibanco Holding S.A. bought a new position in shares of TTEC in the second quarter worth approximately $143,000. Capital Impact Advisors LLC lifted its stake in shares of TTEC by 28.4% in the second quarter. Capital Impact Advisors LLC now owns 50,444 shares of the business services provider’s stock worth $1,766,000 after buying an additional 11,154 shares in the last quarter. TD Asset Management Inc. lifted its stake in shares of TTEC by 195.0% in the second quarter. TD Asset Management Inc. now owns 65,500 shares of the business services provider’s stock worth $2,263,000 after buying an additional 43,300 shares in the last quarter. Piedmont Investment Advisors LLC bought a new position in shares of TTEC in the second quarter worth approximately $115,000. Finally, BlackRock Inc. lifted its stake in shares of TTEC by 9.0% in the second quarter. BlackRock Inc. now owns 2,067,328 shares of the business services provider’s stock worth $71,427,000 after buying an additional 171,139 shares in the last quarter. Hedge funds and other institutional investors own 24.77% of the company’s stock.

TTEC Company Profile

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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