Analysts expect TTEC Holdings Inc (NASDAQ:TTEC) to report $384.09 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for TTEC’s earnings, with estimates ranging from $382.90 million to $385.28 million. TTEC reported sales of $375.25 million during the same quarter last year, which indicates a positive year over year growth rate of 2.4%. The business is scheduled to issue its next quarterly earnings results on Tuesday, May 14th.
According to Zacks, analysts expect that TTEC will report full year sales of $1.62 billion for the current year, with estimates ranging from $1.62 billion to $1.63 billion. For the next year, analysts forecast that the company will post sales of $1.71 billion, with estimates ranging from $1.69 billion to $1.73 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that cover TTEC.
TTEC (NASDAQ:TTEC) last announced its quarterly earnings results on Wednesday, March 6th. The business services provider reported $0.63 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.76 by ($0.13). The business had revenue of $419.13 million for the quarter, compared to analysts’ expectations of $410.19 million. TTEC had a return on equity of 20.37% and a net margin of 2.37%.
Shares of NASDAQ TTEC opened at $35.22 on Tuesday. The stock has a market cap of $1.64 billion, a price-to-earnings ratio of 23.64, a price-to-earnings-growth ratio of 2.71 and a beta of 0.78. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 0.80. TTEC has a 1 year low of $23.01 and a 1 year high of $37.55.
The company also recently announced a semiannual dividend, which will be paid on Thursday, April 18th. Stockholders of record on Thursday, March 28th will be given a dividend of $0.30 per share. The ex-dividend date is Wednesday, March 27th. This represents a dividend yield of 1.69%. This is a boost from TTEC’s previous semiannual dividend of $0.28. TTEC’s payout ratio is 40.27%.
In other news, Director Gregory A. Conley sold 1,500 shares of TTEC stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $34.67, for a total transaction of $52,005.00. Following the sale, the director now owns 10,286 shares in the company, valued at $356,615.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 69.60% of the stock is currently owned by insiders.
Several institutional investors and hedge funds have recently bought and sold shares of the company. PNC Financial Services Group Inc. increased its position in TTEC by 481.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,721 shares of the business services provider’s stock valued at $50,000 after acquiring an additional 1,425 shares during the period. Bank of Montreal Can increased its position in TTEC by 88.7% in the 4th quarter. Bank of Montreal Can now owns 2,155 shares of the business services provider’s stock valued at $62,000 after acquiring an additional 1,013 shares during the period. Municipal Employees Retirement System of Michigan acquired a new position in TTEC in the 4th quarter valued at about $115,000. Metropolitan Life Insurance Co. NY increased its position in TTEC by 322.7% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 4,781 shares of the business services provider’s stock valued at $137,000 after acquiring an additional 3,650 shares during the period. Finally, Oregon Public Employees Retirement Fund acquired a new position in TTEC in the 4th quarter valued at about $151,000. Institutional investors and hedge funds own 26.86% of the company’s stock.
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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