Wall Street analysts expect TeleTech Holdings, Inc. (NASDAQ:TTEC) to post earnings of $0.60 per share for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for TeleTech’s earnings. The highest EPS estimate is $0.62 and the lowest is $0.57. TeleTech posted earnings per share of $0.42 in the same quarter last year, which would indicate a positive year-over-year growth rate of 42.9%. The company is scheduled to announce its next quarterly earnings results on Wednesday, March 14th.

On average, analysts expect that TeleTech will report full year earnings of $1.75 per share for the current year, with EPS estimates ranging from $1.71 to $1.79. For the next fiscal year, analysts anticipate that the business will report earnings of $2.02 per share, with EPS estimates ranging from $2.01 to $2.05. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that cover TeleTech.

TeleTech (NASDAQ:TTEC) last announced its quarterly earnings results on Wednesday, November 8th. The business services provider reported $0.38 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.38. TeleTech had a net margin of 3.45% and a return on equity of 19.24%. The company had revenue of $359.04 million for the quarter, compared to the consensus estimate of $348.94 million. During the same quarter in the prior year, the firm earned $0.39 earnings per share. The company’s revenue for the quarter was up 14.8% compared to the same quarter last year.

Several analysts have issued reports on TTEC shares. Zacks Investment Research downgraded shares of TeleTech from a “buy” rating to a “hold” rating in a report on Wednesday, November 15th. SunTrust Banks reaffirmed a “hold” rating and issued a $43.00 price target on shares of TeleTech in a report on Monday, October 9th. BidaskClub downgraded shares of TeleTech from a “buy” rating to a “hold” rating in a report on Wednesday, August 23rd. Finally, ValuEngine downgraded shares of TeleTech from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Four research analysts have rated the stock with a hold rating, TeleTech has an average rating of “Hold” and a consensus price target of $43.50.

Shares of TeleTech (NASDAQ TTEC) remained flat at $$40.15 during midday trading on Wednesday. 26,892 shares of the stock traded hands, compared to its average volume of 92,520. TeleTech has a twelve month low of $28.20 and a twelve month high of $43.75. The company has a market cap of $1,833.96, a PE ratio of 25.00, a P/E/G ratio of 2.29 and a beta of 0.89. The company has a quick ratio of 2.13, a current ratio of 2.13 and a debt-to-equity ratio of 0.64.

In related news, SVP Steven C. Pollema sold 9,000 shares of the company’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $40.00, for a total transaction of $360,000.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 70.00% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Municipal Employees Retirement System of Michigan lifted its stake in shares of TeleTech by 4.5% during the second quarter. Municipal Employees Retirement System of Michigan now owns 3,730 shares of the business services provider’s stock valued at $152,000 after buying an additional 160 shares during the period. Thrivent Financial For Lutherans lifted its stake in shares of TeleTech by 4.3% during the second quarter. Thrivent Financial For Lutherans now owns 9,360 shares of the business services provider’s stock valued at $382,000 after buying an additional 390 shares during the period. Bessemer Group Inc. lifted its stake in shares of TeleTech by 1.4% during the second quarter. Bessemer Group Inc. now owns 30,711 shares of the business services provider’s stock valued at $1,253,000 after buying an additional 411 shares during the period. TD Asset Management Inc. lifted its stake in shares of TeleTech by 2.2% during the second quarter. TD Asset Management Inc. now owns 23,600 shares of the business services provider’s stock valued at $963,000 after buying an additional 500 shares during the period. Finally, Voya Investment Management LLC lifted its stake in shares of TeleTech by 8.1% during the second quarter. Voya Investment Management LLC now owns 10,136 shares of the business services provider’s stock valued at $414,000 after buying an additional 759 shares during the period. 24.88% of the stock is currently owned by institutional investors and hedge funds.

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About TeleTech

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 (NASDAQ:TTEC)

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