TELUS Digital (NYSE:TIXT) Posts Quarterly Earnings Results, Hits Estimates

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

TELUS Digital Stock Performance

TIXT traded down $0.02 during midday trading on Thursday, hitting $2.84. 27,883 shares of the company were exchanged, compared to its average volume of 395,618. The firm has a market capitalization of $781.47 million, a price-to-earnings ratio of -8.07, a price-to-earnings-growth ratio of 4.71 and a beta of 0.72. The company's 50 day simple moving average is $2.59 and its 200 day simple moving average is $3.30. 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 1-year low of $2.13 and a 1-year high of $6.86.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on TIXT shares. TD Securities upped their target price on TELUS Digital from $3.75 to $4.00 and gave the company a "hold" rating in a research report on Friday, February 14th. Barclays cut their price objective on shares of TELUS Digital from $5.00 to $3.00 and set an "equal weight" rating on the stock in a report on Friday, April 25th. National Bankshares lowered 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 note on Friday, April 25th. Stifel Canada raised shares of TELUS Digital to a "strong-buy" rating in a report on Wednesday, January 15th. Finally, Stifel Nicolaus assumed coverage on shares of TELUS Digital in a report on Thursday, January 16th. They set a "buy" rating and a $5.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, TELUS Digital currently has an average rating of "Hold" and a consensus price target of $4.07.

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.