FY2025 EPS Forecast for TELUS Digital Increased by Analyst

TELUS Digital (NYSE:TIXT - Free Report) - Research analysts at Desjardins boosted their FY2025 earnings per share (EPS) estimates for TELUS Digital in a report issued on Monday, May 12th. Desjardins analyst J. Dubreuil now anticipates that the company will post earnings per share of $0.32 for the year, up from their previous estimate of $0.30. The consensus estimate for TELUS Digital's current full-year earnings is $0.32 per share.

TELUS Digital (NYSE:TIXT - Get Free Report) last issued its earnings results on Friday, May 9th. The company reported $0.06 EPS for the quarter, meeting the consensus estimate of $0.06. TELUS Digital had a positive return on equity of 5.73% and a negative net margin of 2.30%. The business had revenue of $647.04 million for the quarter, compared to the consensus estimate of $650.18 million.

Other analysts also recently issued reports about the company. National Bank Financial upgraded TELUS Digital from a "sector perform" rating to an "outperform" rating in a research note on Friday, May 9th. National Bankshares cut their target price on TELUS Digital from $4.25 to $3.00 and set a "sector perform" rating on the stock in a research note on Friday, April 25th. TD Securities raised their price target on TELUS Digital from $3.75 to $4.00 and gave the stock a "hold" rating in a research note on Friday, February 14th. Barclays dropped their price target on TELUS Digital from $5.00 to $3.00 and set an "equal weight" rating on the stock in a research note on Friday, April 25th. Finally, BMO Capital Markets decreased their price target on TELUS Digital from $4.50 to $3.00 and set a "market perform" rating on the stock in a report on Monday, May 12th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, TELUS Digital currently has an average rating of "Hold" and an average target price of $4.07.

TELUS Digital Stock Down 0.2%

TIXT traded down $0.01 during trading on Wednesday, hitting $2.86. 24,814 shares of the company's stock traded hands, compared to its average volume of 396,661. The company's 50 day simple moving average is $2.59 and its two-hundred day simple moving average is $3.28. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.72. TELUS Digital has a 12-month low of $2.13 and a 12-month high of $6.86. The stock has a market capitalization of $786.98 million, a price-to-earnings ratio of -8.16, a PEG ratio of 4.71 and a beta of 0.72.

Hedge Funds Weigh In On TELUS Digital

Several institutional investors have recently modified their holdings of the business. Aquatic Capital Management LLC acquired a new position in shares of TELUS Digital during the fourth quarter worth $37,000. Two Sigma Securities LLC purchased a new stake in shares of TELUS Digital in the fourth quarter valued at about $42,000. Bayesian Capital Management LP purchased a new stake in shares of TELUS Digital in the fourth quarter valued at about $45,000. PDT Partners LLC purchased a new stake in shares of TELUS Digital in the fourth quarter valued at about $61,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of TELUS Digital in the first quarter valued at about $58,000. Institutional investors and hedge funds own 59.55% of the company's stock.

TELUS Digital Company Profile

TELUS Digital Inc design, builds, and delivers digital solutions for customer experience (CX) in the Asia-Pacific, the Central America, Europe, Africa, North America, and internationally. The company provides digital experience solutions, such as AI and bots, omnichannel CX, enterprise mobility solutions, cloud contact center, big data analytics, platform transformation, and UX/UI design; and customer experience solutions, including work anywhere/work from home, contact center outsourcing, technical support, sales growth and customer retention, healthcare/patient experience, and debt collection.