Wall Street analysts expect TeleTech Holdings, Inc. (NASDAQ:TTEC) to announce $349.27 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for TeleTech Holdings’ earnings, with the highest sales estimate coming in at $352.84 million and the lowest estimate coming in at $347.46 million. TeleTech Holdings reported sales of $312.80 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 11.7%. The company is scheduled to issue its next earnings results on Wednesday, November 8th.
On average, analysts expect that TeleTech Holdings will report full-year sales of $349.27 million for the current financial year, with estimates ranging from $1.41 billion to $1.43 billion. For the next fiscal year, analysts anticipate that the company will post sales of $1.50 billion per share, with estimates ranging from $1.49 billion to $1.52 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow TeleTech Holdings.
TeleTech Holdings (NASDAQ:TTEC) last posted its earnings results on Monday, August 7th. The business services provider reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.05. The company had revenue of $353.42 million during the quarter, compared to analysts’ expectations of $332.52 million. TeleTech Holdings had a return on equity of 19.49% and a net margin of 3.30%. The firm’s quarterly revenue was up 15.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.28 earnings per share.
TTEC has been the topic of several research reports. Zacks Investment Research lowered TeleTech Holdings from a “buy” rating to a “hold” rating in a research report on Thursday, July 13th. TheStreet raised TeleTech Holdings from a “c+” rating to a “b” rating in a research report on Thursday, May 11th. Finally, BidaskClub lowered TeleTech Holdings from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 5th.
In related news, EVP Robert N. Jimenez sold 6,500 shares of the stock in a transaction on Thursday, June 1st. The stock was sold at an average price of $42.58, for a total value of $276,770.00. Following the completion of the sale, the executive vice president now directly owns 9,390 shares in the company, valued at approximately $399,826.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Steven C. Pollema sold 1,317 shares of the stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $42.01, for a total value of $55,327.17. Following the completion of the sale, the senior vice president now owns 6,880 shares of the company’s stock, valued at $289,028.80. The disclosure for this sale can be found here. Company insiders own 70.00% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. State of Alaska Department of Revenue increased its stake in shares of TeleTech Holdings by 78.2% in the second quarter. State of Alaska Department of Revenue now owns 3,100 shares of the business services provider’s stock valued at $126,000 after buying an additional 1,360 shares in the last quarter. Simplex Trading LLC bought a new stake in shares of TeleTech Holdings during the second quarter valued at about $145,000. Mason Street Advisors LLC increased its stake in shares of TeleTech Holdings by 7.0% in the first quarter. Mason Street Advisors LLC now owns 3,695 shares of the business services provider’s stock valued at $109,000 after buying an additional 242 shares in the last quarter. Municipal Employees Retirement System of Michigan increased its stake in shares of TeleTech Holdings by 4.5% in the second quarter. Municipal Employees Retirement System of Michigan now owns 3,730 shares of the business services provider’s stock valued at $152,000 after buying an additional 160 shares in the last quarter. Finally, Stevens Capital Management LP acquired a new stake in shares of TeleTech Holdings during the second quarter valued at $201,000. Hedge funds and other institutional investors own 27.03% of the company’s stock.
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TeleTech Holdings (NASDAQ:TTEC) traded down 1.60% during midday trading on Thursday, reaching $39.95. The company’s stock had a trading volume of 153,973 shares. The firm’s 50-day moving average price is $41.19 and its 200-day moving average price is $35.56. TeleTech Holdings has a 52 week low of $24.45 and a 52 week high of $43.45. The stock has a market capitalization of $1.83 billion, a PE ratio of 41.53 and a beta of 0.90.
About TeleTech Holdings
TeleTech Holdings, Inc (TeleTech) is a customer service provider that delivers consulting, technology, growth and customer care solutions on a global scale. 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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