TeleTech Holdings, Inc. (NASDAQ:TTEC) Posts Earnings Results
TeleTech Holdings, Inc. (NASDAQ:TTEC) issued its quarterly earnings data on Monday. The business services provider reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.05, Bloomberg Earnings reports. TeleTech Holdings had a net margin of 3.19% and a return on equity of 18.07%. The business had revenue of $353.42 million during the quarter, compared to analysts’ expectations of $332.52 million. During the same period last year, the company posted $0.28 EPS. The business’s revenue was up 15.8% on a year-over-year basis.
TeleTech Holdings (NASDAQ:TTEC) traded down 2.264% during trading on Tuesday, hitting $39.925. 32,715 shares of the company were exchanged. The company has a market capitalization of $1.82 billion, a price-to-earnings ratio of 44.809 and a beta of 0.90. TeleTech Holdings has a 12 month low of $24.45 and a 12 month high of $43.45. The stock’s 50-day moving average is $41.19 and its 200-day moving average is $34.65.
A number of equities analysts have commented on TTEC shares. BidaskClub cut shares of TeleTech Holdings from a “strong-buy” rating to a “buy” rating in a research note on Saturday. TheStreet raised shares of TeleTech Holdings from a “c+” rating to a “b” rating in a research note on Thursday, May 11th. Finally, Zacks Investment Research raised shares of TeleTech Holdings from a “sell” rating to a “hold” rating in a research note on Thursday, May 11th. Three analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $32.00.
In related news, SVP Steven C. Pollema sold 1,317 shares of the company’s stock in a transaction dated 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Shrikant Mehta sold 15,000 shares of the company’s stock in a transaction dated Thursday, May 18th. The shares were sold at an average price of $39.61, for a total transaction of $594,150.00. Following the completion of the sale, the director now directly owns 76,509 shares of the company’s stock, valued at approximately $3,030,521.49. The disclosure for this sale can be found here. Insiders sold 22,817 shares of company stock valued at $926,247 in the last three months. 70.00% of the stock is currently owned by insiders.
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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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