Analysts forecast that TTEC Holdings Inc (NASDAQ:TTEC) will post $383.75 million in sales for the current fiscal quarter, according to Zacks. Two analysts have made estimates for TTEC’s earnings, with the highest sales estimate coming in at $384.20 million and the lowest estimate coming in at $383.30 million. TTEC posted sales of $344.95 million during the same quarter last year, which suggests a positive year-over-year growth rate of 11.2%. The company is scheduled to report its next earnings results on Wednesday, March 14th.
According to Zacks, analysts expect that TTEC will report full year sales of $383.75 million for the current year, with estimates ranging from $1.43 billion to $1.44 billion. For the next year, analysts expect that the company will report sales of $1.58 billion per share, with estimates ranging from $1.54 billion to $1.61 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that follow TTEC.
Several analysts have commented on TTEC shares. BidaskClub downgraded TTEC from a “hold” rating to a “sell” rating in a research note on Saturday, December 30th. Zacks Investment Research upgraded TTEC from a “hold” rating to a “buy” rating and set a $45.00 target price on the stock in a research note on Saturday, January 6th. Finally, ValuEngine downgraded TTEC from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. One equities research analyst has rated the stock with a sell rating and three have given a hold rating to the stock. TTEC has a consensus rating of “Hold” and a consensus price target of $44.00.
In other news, SVP Steven C. Pollema sold 9,000 shares of the stock in a transaction on Monday, November 20th. The stock was sold at an average price of $40.00, for a total transaction of $360,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 70.00% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in TTEC. Thrivent Financial For Lutherans lifted its holdings in shares of TTEC by 4.3% during the 2nd 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. UBS Asset Management Americas Inc. bought a new position in shares of TTEC during the 2nd quarter valued at $245,000. Vanguard Group Inc. lifted its holdings in shares of TTEC by 2.9% during the 2nd quarter. Vanguard Group Inc. now owns 2,083,206 shares of the business services provider’s stock valued at $84,995,000 after buying an additional 57,907 shares during the period. California Public Employees Retirement System lifted its holdings in shares of TTEC by 2.7% during the 2nd quarter. California Public Employees Retirement System now owns 49,100 shares of the business services provider’s stock valued at $2,003,000 after buying an additional 1,300 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of TTEC by 0.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,391,207 shares of the business services provider’s stock valued at $56,761,000 after buying an additional 3,759 shares during the period. 24.82% of the stock is currently owned by hedge funds and other institutional investors.
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TTEC Holdings, Inc, formerly TeleTech Holdings, Inc, 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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