Brokers Offer Predictions for TELUS International (Cda) Inc.’s Q1 2024 Earnings (NYSE:TIXT)

TELUS International (Cda) Inc. (NYSE:TIXT) – Equities researchers at National Bank Financial cut their Q1 2024 earnings per share estimates for shares of TELUS International (Cda) in a research note issued to investors on Wednesday, April 17th. National Bank Financial analyst R. Tse now expects that the company will post earnings of $0.18 per share for the quarter, down from their previous estimate of $0.19. The consensus estimate for TELUS International (Cda)’s current full-year earnings is $0.89 per share.

A number of other research firms have also weighed in on TIXT. BMO Capital Markets boosted their target price on TELUS International (Cda) from $8.00 to $10.50 and gave the stock a “market perform” rating in a report on Monday, February 12th. TD Securities upped their price objective on TELUS International (Cda) from $10.50 to $11.50 and gave the company a “buy” rating in a report on Monday, February 12th. TheStreet raised TELUS International (Cda) from a “d” rating to a “c-” rating in a report on Monday, February 12th. Citigroup upped their price objective on TELUS International (Cda) from $9.00 to $10.00 and gave the company a “neutral” rating in a report on Monday, February 12th. Finally, Guggenheim began coverage on TELUS International (Cda) in a report on Tuesday, March 19th. They issued a “neutral” rating and a $9.00 price objective on the stock. Eight analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $13.83.

TELUS International (Cda) Stock Down 1.6 %

NYSE:TIXT opened at $7.82 on Friday. The firm has a market capitalization of $834.88 million, a price-to-earnings ratio of 52.10, a price-to-earnings-growth ratio of 8.37 and a beta of 0.90. TELUS International has a twelve month low of $6.03 and a twelve month high of $21.75. The stock’s 50 day moving average price is $9.29 and its two-hundred day moving average price is $8.28. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.80.

TELUS International (Cda) (NYSE:TIXT) last posted its quarterly earnings results on Friday, February 9th. The company reported $0.26 earnings per share for the quarter, hitting the consensus estimate of $0.26. The firm had revenue of $692.00 million for the quarter, compared to analyst estimates of $691.00 million. TELUS International (Cda) had a return on equity of 11.74% and a net margin of 1.99%. The business’s quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.34 EPS.

Institutional Investors Weigh In On TELUS International (Cda)

Several institutional investors and hedge funds have recently made changes to their positions in TIXT. Clearbridge Investments LLC acquired a new stake in TELUS International (Cda) during the fourth quarter worth approximately $26,554,000. Capital International Investors boosted its holdings in TELUS International (Cda) by 14.5% in the first quarter. Capital International Investors now owns 5,536,117 shares of the company’s stock worth $136,798,000 after acquiring an additional 699,567 shares in the last quarter. Capital Research Global Investors boosted its holdings in TELUS International (Cda) by 5.2% in the fourth quarter. Capital Research Global Investors now owns 13,941,858 shares of the company’s stock worth $119,621,000 after acquiring an additional 689,468 shares in the last quarter. Bank of America Corp DE boosted its holdings in TELUS International (Cda) by 451.6% in the fourth quarter. Bank of America Corp DE now owns 458,696 shares of the company’s stock worth $9,078,000 after acquiring an additional 375,544 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in TELUS International (Cda) by 203.3% in the first quarter. Arrowstreet Capital Limited Partnership now owns 500,783 shares of the company’s stock worth $10,124,000 after acquiring an additional 335,698 shares in the last quarter. Institutional investors and hedge funds own 59.55% of the company’s stock.

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.