Wall Street brokerages predict that TeleTech Holdings, Inc. (NASDAQ:TTEC) will post sales of $330.80 million for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for TeleTech Holdings’ earnings, with estimates ranging from $328.40 million to $333.66 million. TeleTech Holdings reported sales of $305.11 million during the same quarter last year, which suggests a positive year over year growth rate of 8.4%. The company is expected to issue its next earnings report on Wednesday, August 2nd.

On average, analysts expect that TeleTech Holdings will report full-year sales of $330.80 million for the current financial year, with estimates ranging from $1.41 billion to $1.42 billion. For the next financial year, analysts forecast that the firm will post sales of $1.49 billion per share, with estimates ranging from $1.48 billion to $1.50 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that that provide coverage for TeleTech Holdings.

TeleTech Holdings (NASDAQ:TTEC) last announced its earnings results on Tuesday, May 9th. The business services provider reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.07. TeleTech Holdings had a net margin of 3.19% and a return on equity of 18.07%. The firm had revenue of $338.28 million for the quarter, compared to the consensus estimate of $324.39 million. During the same period in the prior year, the firm earned $0.25 EPS. The firm’s revenue for the quarter was up 8.3% on a year-over-year basis.

A number of research analysts have recently commented on the stock. TheStreet raised shares of TeleTech Holdings from a “c+” rating to a “b” rating in a research report on Thursday, May 11th. Zacks Investment Research raised shares of TeleTech Holdings from a “sell” rating to a “hold” rating in a research report on Thursday, May 11th.

In related news, SVP Steven C. Pollema sold 1,317 shares of TeleTech Holdings 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 in the company, valued at $289,028.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Robert N. Jimenez sold 6,500 shares of TeleTech Holdings stock in a transaction on Thursday, June 1st. The stock was sold at an average price of $42.58, for a total transaction of $276,770.00. Following the completion of the sale, the executive vice president now owns 9,390 shares of the company’s stock, valued at approximately $399,826.20. The disclosure for this sale can be found here. In the last 90 days, insiders sold 22,817 shares of company stock valued at $926,247. Insiders own 70.00% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. Karp Capital Management Corp bought a new stake in shares of TeleTech Holdings during the first quarter worth about $290,000. Bank of New York Mellon Corp raised its stake in shares of TeleTech Holdings by 7.1% in the first quarter. Bank of New York Mellon Corp now owns 342,981 shares of the business services provider’s stock worth $10,152,000 after buying an additional 22,856 shares during the period. First Trust Advisors LP raised its stake in shares of TeleTech Holdings by 71.5% in the first quarter. First Trust Advisors LP now owns 50,270 shares of the business services provider’s stock worth $1,488,000 after buying an additional 20,961 shares during the period. Great West Life Assurance Co. Can raised its stake in shares of TeleTech Holdings by 8.1% in the first quarter. Great West Life Assurance Co. Can now owns 22,822 shares of the business services provider’s stock worth $674,000 after buying an additional 1,709 shares during the period. Finally, First Manhattan Co. raised its stake in shares of TeleTech Holdings by 273.2% in the first quarter. First Manhattan Co. now owns 234,196 shares of the business services provider’s stock worth $6,789,000 after buying an additional 171,438 shares during the period. Institutional investors and hedge funds own 27.30% of the company’s stock.

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Shares of TeleTech Holdings (NASDAQ TTEC) remained flat at $40.70 during midday trading on Thursday. The company had a trading volume of 37,070 shares. The company’s 50 day moving average price is $40.52 and its 200 day moving average price is $32.95. TeleTech Holdings has a one year low of $24.45 and a one year high of $42.90. The company has a market capitalization of $1.86 billion, a PE ratio of 45.68 and a beta of 0.90.

TeleTech Holdings Company Profile

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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Earnings History and Estimates for TeleTech Holdings (NASDAQ:TTEC)

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