Wall Street brokerages expect TTEC Holdings Inc (NASDAQ:TTEC) to announce earnings of $0.54 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for TTEC’s earnings, with estimates ranging from $0.48 to $0.61. TTEC reported earnings per share of $0.40 during the same quarter last year, which would suggest a positive year-over-year growth rate of 35%. The business is scheduled to issue its next earnings report after the market closes on Wednesday, November 4th.

On average, analysts expect that TTEC will report full year earnings of $2.41 per share for the current year, with EPS estimates ranging from $2.39 to $2.44. For the next year, analysts anticipate that the company will report earnings of $2.39 per share, with EPS estimates ranging from $2.08 to $2.60. Zacks’ earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for TTEC.

TTEC (NASDAQ:TTEC) last announced its earnings results on Wednesday, August 5th. The business services provider reported $0.75 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.39. The company had revenue of $453.08 million during the quarter, compared to analyst estimates of $398.40 million. TTEC had a net margin of 5.70% and a return on equity of 26.60%.

Several research analysts have weighed in on the stock. Morgan Stanley increased their target price on shares of TTEC from $47.00 to $57.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 11th. Zacks Investment Research raised shares of TTEC from a “hold” rating to a “buy” rating and set a $52.00 price objective for the company in a research note on Tuesday, July 7th. Sidoti lowered shares of TTEC from a “buy” rating to a “neutral” rating in a research note on Monday, August 10th. Bank of America raised their price objective on shares of TTEC from $59.00 to $65.00 and gave the company a “buy” rating in a research note on Thursday, August 27th. Finally, Canaccord Genuity started coverage on shares of TTEC in a research note on Thursday. They issued a “buy” rating and a $71.00 price objective for the company. Three research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. TTEC has an average rating of “Buy” and a consensus target price of $59.17.

In other TTEC news, SVP Margaret B. Mclean sold 7,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $59.00, for a total transaction of $413,000.00. Following the sale, the senior vice president now owns 36,856 shares of the company’s stock, valued at $2,174,504. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Martin F. Deghetto sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $57.53, for a total transaction of $1,150,600.00. Following the sale, the executive vice president now directly owns 54,369 shares in the company, valued at approximately $3,127,848.57. The disclosure for this sale can be found here. Insiders sold 41,665 shares of company stock valued at $2,436,170 in the last quarter. 61.50% of the stock is owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in TTEC. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of TTEC by 48.4% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 8,888 shares of the business services provider’s stock valued at $326,000 after acquiring an additional 2,899 shares during the period. BNP Paribas Arbitrage SA grew its position in TTEC by 59.1% in the 1st quarter. BNP Paribas Arbitrage SA now owns 7,289 shares of the business services provider’s stock valued at $268,000 after buying an additional 2,707 shares during the last quarter. Two Sigma Advisers LP grew its position in TTEC by 34.5% in the 1st quarter. Two Sigma Advisers LP now owns 36,243 shares of the business services provider’s stock valued at $1,331,000 after buying an additional 9,300 shares during the last quarter. Wells Fargo & Company MN grew its position in TTEC by 16.9% in the 1st quarter. Wells Fargo & Company MN now owns 208,646 shares of the business services provider’s stock valued at $7,662,000 after buying an additional 30,221 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in TTEC by 11.1% in the 1st quarter. Geode Capital Management LLC now owns 280,080 shares of the business services provider’s stock valued at $10,284,000 after buying an additional 28,079 shares during the last quarter. 34.69% of the stock is currently owned by institutional investors.

TTEC stock traded up $0.86 during mid-day trading on Tuesday, hitting $59.57. 212,518 shares of the company were exchanged, compared to its average volume of 139,647. The company has a quick ratio of 2.78, a current ratio of 2.78 and a debt-to-equity ratio of 1.56. The firm has a market capitalization of $2.78 billion, a P/E ratio of 28.10, a PEG ratio of 2.84 and a beta of 0.64. The business has a fifty day simple moving average of $55.79 and a 200-day simple moving average of $46.96. TTEC has a 12-month low of $26.28 and a 12-month high of $61.54.

The company also recently declared a Semi-Annual dividend, which will be paid on Thursday, October 29th. Investors of record on Wednesday, October 14th will be paid a $0.40 dividend. The ex-dividend date is Tuesday, October 13th. This represents a yield of 1.3%. This is an increase from TTEC’s previous Semi-Annual dividend of $0.34. TTEC’s payout ratio is currently 42.33%.

About TTEC

TTEC Holdings, Inc designs and provides customer experience solutions in the United States, Latin America, Europe, the Middle East, Africa, the Asia Pacific, Canada, the United Kingdom, and internationally. It operates in four segments: Customer Management Services (CMS), Customer Growth Services (CGS), Customer Technology Services (CTS), and Customer Strategy Services (CSS).

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Earnings History and Estimates for TTEC (NASDAQ:TTEC)

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