TeleTech (NASDAQ:TTEC) Announces Quarterly Earnings Results

by · The Markets Daily

TeleTech (NASDAQ:TTEC – Get Free Report) posted its earnings results on Monday. The business services provider reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.02, FiscalAI reports. The business had revenue of $492.25 million for the quarter, compared to analysts’ expectations of $480.20 million. TeleTech had a negative net margin of 10.23% and a positive return on equity of 16.25%.

TeleTech Stock Up 1.1%

TeleTech stock opened at $1.40 on Tuesday. TeleTech has a one year low of $1.18 and a one year high of $3.98. The stock has a fifty day moving average of $1.41 and a 200 day moving average of $2.20. The company has a debt-to-equity ratio of 9.41, a quick ratio of 1.87 and a current ratio of 1.87. The stock has a market cap of $68.77 million, a PE ratio of -0.32, a price-to-earnings-growth ratio of 0.51 and a beta of 0.90.

Analysts Set New Price Targets

TTEC has been the subject of several research reports. Weiss Ratings reissued a “sell (e+)” rating on shares of TeleTech in a report on Thursday, October 15th. Zacks Research upgraded shares of TeleTech from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 4th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, TeleTech currently has a consensus rating of “Reduce”.

Read Our Latest Stock Analysis on TeleTech

TeleTech Company Profile

(Get Free Report)

TeleTech, now known as TTEC Holdings, Inc (NASDAQ:TTEC), is a global customer experience technology and services company. Founded in 1982 by Kenneth Tuchman, the company helps organizations design, build and manage customer interactions across digital and traditional channels.

TTEC’s services include customer care, technical support, sales and marketing, trust and safety, consulting, artificial intelligence, automation, analytics, cloud technologies and customer experience strategy. Its offerings are delivered through a combination of customer experience software, technology platforms and outsourced business-process services.

The company serves clients across industries including financial services, healthcare, communications, retail, travel and hospitality, automotive, and the public sector.

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