TELUS Digital (NYSE:TIXT) Posts Quarterly Earnings Results, Meets Expectations

TELUS Digital (NYSE:TIXT - Get Free Report) released its quarterly earnings data on Friday. The company reported $0.06 earnings per share for the quarter, meeting the consensus estimate of $0.06, Zacks reports. The company had revenue of $647.04 million for the quarter, compared to analyst estimates of $650.18 million. TELUS Digital had a positive return on equity of 5.73% and a negative net margin of 2.30%. TELUS Digital updated its FY 2025 guidance to 0.320-0.320 EPS.

TELUS Digital Stock Up 10.1%

Shares of NYSE TIXT traded up $0.28 during mid-day trading on Monday, hitting $2.99. The company had a trading volume of 327,962 shares, compared to its average volume of 396,047. The business's 50-day simple moving average is $2.59 and its 200 day simple moving average is $3.31. The company has a market capitalization of $822.82 million, a PE ratio of -8.53, a price-to-earnings-growth ratio of 4.71 and a beta of 0.72. TELUS Digital has a 1-year low of $2.13 and a 1-year high of $6.86. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.95 and a quick ratio of 0.95.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on TIXT. National Bankshares reduced their target price on shares of TELUS Digital from $4.25 to $3.00 and set a "sector perform" rating for the company in a research report on Friday, April 25th. Barclays decreased their target price on TELUS Digital from $5.00 to $3.00 and set an "equal weight" rating for the company in a research note on Friday, April 25th. Stifel Canada raised TELUS Digital to a "strong-buy" rating in a research note on Wednesday, January 15th. Stifel Nicolaus assumed coverage on TELUS Digital in a research report on Thursday, January 16th. They issued a "buy" rating and a $5.00 price target for the company. Finally, TD Securities lifted their price target on shares of TELUS Digital from $3.75 to $4.00 and gave the stock a "hold" rating in a research note on Friday, February 14th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $4.23.

About TELUS Digital

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.