Zacks: Brokerages Anticipate TeleTech Holdings, Inc. (NASDAQ:TTEC) Will Announce Quarterly Sales of $330.80 Million
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.
COPYRIGHT VIOLATION WARNING: “Zacks: Brokerages Anticipate TeleTech Holdings, Inc. (NASDAQ:TTEC) Will Announce Quarterly Sales of $330.80 Million” was first published by American Banking News and is owned by of American Banking News. If you are reading this piece on another domain, it was illegally copied and republished in violation of international trademark and copyright legislation. The legal version of this piece can be viewed at https://www.americanbankingnews.com/2017/07/06/zacks-brokerages-anticipate-teletech-holdings-inc-nasdaqttec-will-announce-quarterly-sales-of-330-80-million.html.
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).
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for TeleTech Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TeleTech Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.