TELUS International (Cda) (NYSE:TIXT) Posts Earnings Results, Beats Estimates By $0.03 EPS

TELUS International (Cda) (NYSE:TIXT - Get Free Report) issued its quarterly earnings data on Thursday. The company reported $0.22 EPS for the quarter, topping analysts' consensus estimates of $0.19 by $0.03, Briefing.com reports. TELUS International (Cda) had a net margin of 1.99% and a return on equity of 11.74%. The business had revenue of $657.00 million for the quarter, compared to analyst estimates of $675.33 million. During the same period last year, the business posted $0.24 earnings per share. The firm's quarterly revenue was down 4.2% on a year-over-year basis. TELUS International (Cda) updated its FY24 guidance to $0.93-0.98 EPS and its FY 2024 guidance to 0.930-0.980 EPS.

TELUS International (Cda) Stock Performance

NYSE TIXT traded up $0.01 during trading on Friday, reaching $6.37. The company's stock had a trading volume of 829,754 shares, compared to its average volume of 181,474. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.80. The firm has a market capitalization of $680.51 million, a price-to-earnings ratio of 42.47, a price-to-earnings-growth ratio of 0.99 and a beta of 0.86. TELUS International has a 12 month low of $6.03 and a 12 month high of $17.56. The firm has a 50 day moving average price of $8.45 and a 200 day moving average price of $8.36.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Barclays dropped their price objective on shares of TELUS International (Cda) from $12.00 to $9.00 and set an "equal weight" rating on the stock in a report on Friday, April 26th. TheStreet upgraded shares of TELUS International (Cda) from a "d" rating to a "c-" rating in a research note on Monday, February 12th. Scotiabank lowered shares of TELUS International (Cda) from a "sector outperform" rating to a "sector perform" rating and lowered their price target for the company from $13.00 to $10.00 in a research note on Friday. Guggenheim started coverage on shares of TELUS International (Cda) in a research note on Tuesday, March 19th. They issued a "neutral" rating and a $9.00 price target on the stock. Finally, Robert W. Baird lowered their price target on shares of TELUS International (Cda) from $10.00 to $9.00 and set a "neutral" rating on the stock in a research note on Friday, April 19th. Nine investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, TELUS International (Cda) currently has an average rating of "Hold" and an average target price of $12.97.

TELUS International (Cda) Company Profile

TELUS International (Cda) 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.