$535.22 Million in Sales Expected for TTEC Holdings, Inc. (NASDAQ:TTEC) This Quarter

Last updated on Sunday, June 13, 2021 | 2021 MarketBeat

Equities analysts expect TTEC Holdings, Inc. (NASDAQ:TTEC) to report $535.22 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for TTEC's earnings, with the lowest sales estimate coming in at $530.40 million and the highest estimate coming in at $540.04 million. TTEC reported sales of $453.08 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 18.1%. The firm is scheduled to announce its next quarterly earnings results on Wednesday, August 4th.

On average, analysts expect that TTEC will report full year sales of $2.21 billion for the current financial year. For the next year, analysts expect that the business will report sales of $2.39 billion, with estimates ranging from $2.37 billion to $2.42 billion. Zacks' sales calculations are a mean average based on a survey of research analysts that cover TTEC.

TTEC (NASDAQ:TTEC) last issued its earnings results on Tuesday, May 4th. The business services provider reported $1.26 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.00 by $0.26. TTEC had a return on equity of 39.80% and a net margin of 7.17%. The company had revenue of $539.20 million for the quarter, compared to analysts' expectations of $530.74 million. During the same period last year, the business earned $0.74 EPS. TTEC's quarterly revenue was up 24.8% compared to the same quarter last year.

TTEC has been the topic of a number of recent research reports. Canaccord Genuity increased their target price on TTEC from $110.00 to $125.00 and gave the stock a "buy" rating in a report on Monday, April 12th. Morgan Stanley increased their price target on TTEC from $87.00 to $95.00 and gave the company an "equal weight" rating in a research report on Thursday, May 6th. Craig Hallum increased their price target on TTEC from $110.00 to $130.00 and gave the company a "buy" rating in a research report on Thursday, May 6th. Cowen lowered TTEC from an "outperform" rating to a "market perform" rating and increased their price target for the company from $85.00 to $90.00 in a research report on Friday, March 5th. Finally, Zacks Investment Research lowered TTEC from a "buy" rating to a "strong sell" rating in a research report on Tuesday, May 11th. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company's stock. TTEC has an average rating of "Hold" and an average price target of $94.86.

Shares of TTEC opened at $102.52 on Friday. TTEC has a 12-month low of $41.49 and a 12-month high of $113.15. The stock has a fifty day moving average price of $105.08. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 0.71. The company has a market cap of $4.80 billion, a PE ratio of 32.86, a P/E/G ratio of 1.73 and a beta of 0.82.

In other news, Director Gregory A. Conley sold 2,000 shares of the firm's stock in a transaction on Monday, May 10th. The stock was sold at an average price of $102.50, for a total transaction of $205,000.00. Following the completion of the sale, the director now directly owns 13,346 shares of the company's stock, valued at approximately $1,367,965. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Judi Hand sold 14,948 shares of the firm's stock in a transaction on Wednesday, May 26th. The shares were sold at an average price of $110.01, for a total value of $1,644,429.48. Following the sale, the executive vice president now directly owns 121,054 shares of the company's stock, valued at $13,317,150.54. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 31,948 shares of company stock valued at $3,499,429. Insiders own 60.90% of the company's stock.

Institutional investors have recently made changes to their positions in the company. Amundi Pioneer Asset Management Inc. grew its stake in shares of TTEC by 0.4% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 143,099 shares of the business services provider's stock worth $5,185,000 after acquiring an additional 561 shares during the period. Strs Ohio bought a new position in shares of TTEC during the 4th quarter worth $233,000. First Trust Advisors LP grew its stake in shares of TTEC by 4.5% during the 4th quarter. First Trust Advisors LP now owns 43,512 shares of the business services provider's stock worth $3,173,000 after acquiring an additional 1,875 shares during the period. US Bancorp DE grew its stake in shares of TTEC by 8.5% during the 4th quarter. US Bancorp DE now owns 1,922 shares of the business services provider's stock worth $140,000 after acquiring an additional 151 shares during the period. Finally, Aperio Group LLC grew its stake in shares of TTEC by 2.4% during the 4th quarter. Aperio Group LLC now owns 17,047 shares of the business services provider's stock worth $1,243,000 after acquiring an additional 395 shares during the period. 34.75% of the stock is owned by hedge funds and other institutional investors.

TTEC Company Profile

TTEC Holdings, Inc, a customer experience technology and services company, focuses on the design, implementation, and delivery of transformative customer experience for various brands. It operates through TTEC Digital and TTEC Engage segments. The TTEC Digital segments designs, builds, and delivers tech-enabled customer experience solutions through its professional services and suite of technology offerings to enabling and accelerating digital transformation for clients.

Featured Story: What economic reports are most valuable to investors?

Get a free copy of the Zacks research report on TTEC (TTEC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for TTEC (NASDAQ:TTEC)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Featured Article: What is a Call Option?

7 Outdoor Recreation Stocks For Growth And Dividends

If American’s liked outdoor activities before, they love them even more now. The COVID-19 pandemic has done many things, and one of them is reinvigorating American’s love of the outdoors. Data from across the industry shows a sustained uptick in revenue that has the entire complex moving higher.

The RV Industry Association, for example, reports shipments of RVs are up greater than 30% in 2020 and are expected to grow another 20% or more in 2021. If data from the two of the industry’s largest manufacturers are any indication, that forecast is very conservative.

And the gains aren’t limited to RVs. Everything that has anything to do with outdoor recreation is booming. Sales at Dicks Sporting Goods, an iconic brand for retail and the outdoors, has seen a sustained 20% increase in revenue since the 2nd quarter shutdowns. If anything, revenue in this sector is being held back by rapidly declining inventory and tight shipping conditions.

The stocks we are about to show all have something in common; the outdoors. Within the group, you will find everything from RVs to Radios and everything in between an outdoor enthusiast could need or want. Some pay dividends and some don’t, but all will deliver solid returns to investors in 2021.

View the "7 Outdoor Recreation Stocks For Growth And Dividends".

MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

MarketBeat is accredited by the Better Business Bureau

© American Consumer News, LLC dba MarketBeat® 2010-2021. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | U.S. Based Support Team at [email protected] | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Do Not Sell My Information

© 2021 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see disclaimer. Fundamental company data provided by Zacks Investment Research. As a bonus to opt-ing into our email newsletters, you will also get a free subscription to the Liberty Through Wealth e-newsletter. You can opt out at any time.