SunTrust Banks Weighs in on TeleTech Holdings, Inc.’s Q4 2017 Earnings (TTEC)
TeleTech Holdings, Inc. (NASDAQ:TTEC) – Research analysts at SunTrust Banks lowered their Q4 2017 earnings estimates for shares of TeleTech Holdings in a research report issued to clients and investors on Wednesday. SunTrust Banks analyst F. Atkins now expects that the business services provider will earn $0.53 per share for the quarter, down from their previous forecast of $0.55. SunTrust Banks also issued estimates for TeleTech Holdings’ Q2 2018 earnings at $0.48 EPS, Q3 2018 earnings at $0.49 EPS and Q4 2018 earnings at $0.55 EPS.
TeleTech Holdings (NASDAQ:TTEC) last posted its earnings results on Monday, August 7th. The business services provider reported $0.38 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.05. The business had revenue of $353.42 million during the quarter, compared to analyst estimates of $332.52 million. TeleTech Holdings had a return on equity of 19.49% and a net margin of 3.30%. The company’s quarterly revenue was up 15.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.28 EPS. ILLEGAL ACTIVITY NOTICE: “SunTrust Banks Weighs in on TeleTech Holdings, Inc.’s Q4 2017 Earnings (TTEC)” was posted by American Banking News and is owned by of American Banking News. If you are viewing this article on another domain, it was illegally stolen and reposted in violation of U.S. and international copyright & trademark law. The correct version of this article can be accessed at https://www.americanbankingnews.com/2017/08/14/suntrust-banks-weighs-in-on-teletech-holdings-inc-s-q4-2017-earnings-ttec.html.
Several other research firms also recently commented on TTEC. Zacks Investment Research downgraded TeleTech Holdings from a “buy” rating to a “hold” rating in a research note on Thursday, July 13th. TheStreet raised TeleTech Holdings from a “c+” rating to a “b” rating in a research note on Thursday, May 11th. Finally, BidaskClub downgraded TeleTech Holdings from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 5th.
TeleTech Holdings (NASDAQ TTEC) opened at 41.40 on Monday. TeleTech Holdings has a 12-month low of $24.45 and a 12-month high of $43.45. The stock has a market cap of $1.90 billion, a price-to-earnings ratio of 43.04 and a beta of 0.90. The firm’s 50-day moving average price is $41.20 and its 200-day moving average price is $35.18.
In other news, Director Shrikant Mehta sold 15,000 shares of the firm’s stock in a transaction dated Thursday, May 18th. The stock was sold at an average price of $39.61, for a total value of $594,150.00. Following the transaction, the director now owns 76,509 shares of the company’s stock, valued at $3,030,521.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Steven C. Pollema sold 1,317 shares of the firm’s stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $42.01, for a total value of $55,327.17. Following the completion of the transaction, the senior vice president now directly owns 6,880 shares in the company, valued at approximately $289,028.80. The disclosure for this sale can be found here. Insiders sold 22,817 shares of company stock worth $926,247 in the last ninety days. Corporate insiders own 70.00% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Martingale Asset Management L P increased its position in TeleTech Holdings by 3.0% in the first quarter. Martingale Asset Management L P now owns 78,709 shares of the business services provider’s stock valued at $2,330,000 after buying an additional 2,300 shares during the period. Alambic Investment Management L.P. acquired a new stake in TeleTech Holdings during the first quarter valued at about $519,000. State of Tennessee Treasury Department boosted its stake in TeleTech Holdings by 17.8% in the first quarter. State of Tennessee Treasury Department now owns 15,439 shares of the business services provider’s stock valued at $457,000 after buying an additional 2,330 shares in the last quarter. TD Asset Management Inc. boosted its stake in TeleTech Holdings by 97.4% in the first quarter. TD Asset Management Inc. now owns 23,100 shares of the business services provider’s stock valued at $684,000 after buying an additional 11,400 shares in the last quarter. Finally, Karp Capital Management Corp acquired a new stake in TeleTech Holdings during the first quarter valued at about $290,000. 27.03% of the stock is currently owned by hedge funds and other institutional investors.
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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