Brokerages Expect TeleTech Holdings, Inc. (TTEC) Will Post Quarterly Sales of $384.87 Million

Wall Street brokerages expect TeleTech Holdings, Inc. (NASDAQ:TTEC) to announce $384.87 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for TeleTech’s earnings, with the highest sales estimate coming in at $387.11 million and the lowest estimate coming in at $383.30 million. TeleTech posted sales of $344.95 million in the same quarter last year, which suggests a positive year over year growth rate of 11.6%. The firm is expected to report its next quarterly earnings report on Wednesday, March 14th.

On average, analysts expect that TeleTech will report full year sales of $384.87 million for the current financial year, with estimates ranging from $1.43 billion to $1.44 billion. For the next financial year, analysts expect that the business will report sales of $1.56 billion per share, with estimates ranging from $1.52 billion to $1.61 billion. Zacks’ sales averages are an average based on a survey of analysts that cover TeleTech.

TeleTech (NASDAQ:TTEC) last issued its earnings results on Wednesday, November 8th. The business services provider reported $0.38 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ 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 analysts’ expectations of $348.94 million. During the same period in the prior year, the business earned $0.39 EPS. The firm’s quarterly revenue was up 14.8% on a year-over-year basis.

Several research analysts have issued reports on TTEC shares. BidaskClub cut shares of TeleTech from a “hold” rating to a “sell” rating in a report on Saturday, December 30th. Zacks Investment Research upgraded shares of TeleTech from a “hold” rating to a “buy” rating and set a $45.00 target price on the stock in a report on Saturday, January 6th. ValuEngine cut shares of TeleTech from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, SunTrust Banks reiterated a “hold” rating and set a $43.00 target price on shares of TeleTech in a report on Monday, October 9th. One investment analyst has rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $44.00.

In other news, SVP Steven C. Pollema sold 9,000 shares of the firm’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $40.00, for a total value of $360,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 70.00% of the stock is currently owned by company insiders.

Several large investors have recently added to or reduced their stakes in TTEC. Legal & General Group Plc boosted its holdings in shares of TeleTech by 5.9% in the 2nd quarter. Legal & General Group Plc now owns 27,926 shares of the business services provider’s stock valued at $1,139,000 after buying an additional 1,560 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of TeleTech by 64.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 96,962 shares of the business services provider’s stock valued at $3,956,000 after buying an additional 37,840 shares in the last quarter. Alliancebernstein L.P. boosted its holdings in shares of TeleTech by 148.2% in the 2nd quarter. Alliancebernstein L.P. now owns 64,975 shares of the business services provider’s stock valued at $2,651,000 after buying an additional 38,800 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of TeleTech by 6.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 306,266 shares of the business services provider’s stock valued at $12,495,000 after buying an additional 18,755 shares in the last quarter. Finally, Stevens Capital Management LP bought a new stake in shares of TeleTech in the 2nd quarter valued at about $201,000. Institutional investors and hedge funds own 24.80% of the company’s stock.

TeleTech (NASDAQ:TTEC) opened at $41.05 on Friday. The company has a current ratio of 2.13, a quick ratio of 2.13 and a debt-to-equity ratio of 0.64. TeleTech has a 1-year low of $28.20 and a 1-year high of $43.75. The stock has a market cap of $1,872.94, a PE ratio of 39.10, a price-to-earnings-growth ratio of 2.02 and a beta of 0.89.

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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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