TeleTech (NASDAQ:TTEC) Issues Quarterly Earnings Results, Misses Expectations By $0.30 EPS

TeleTech (NASDAQ:TTEC) released its earnings results on Monday. The business services provider reported ($0.10) EPS for the quarter, missing the consensus estimate of $0.20 by ($0.30), FiscalAI reports. The business had revenue of $492.25 million for the quarter, compared to analyst estimates of $480.20 million. TeleTech had a negative net margin of 10.23% and a positive return on equity of 16.25%.

TeleTech Trading Up 1.1%

Shares of TTEC stock traded up $0.01 during trading hours on Monday, reaching $1.40. 181,013 shares of the stock traded hands, compared to its average volume of 505,430. The company has a quick ratio of 1.87, a current ratio of 1.87 and a debt-to-equity ratio of 9.41. The firm has a market capitalization of $68.77 million, a PE ratio of -0.32, a PEG ratio of 0.46 and a beta of 0.90. TeleTech has a 1-year low of $1.18 and a 1-year high of $3.98. The business has a fifty day moving average price of $1.41 and a 200 day moving average price of $2.21.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on TTEC. Zacks Research upgraded shares of TeleTech from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 4th. Weiss Ratings reiterated a “sell (e+)” rating on shares of TeleTech in a research report on Thursday, October 15th. Two analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, TeleTech has an average rating of “Reduce”.

About TeleTech

TeleTech, now known as TTEC Holdings, Inc (NASDAQ:TTEC), is a global customer experience technology and services company. Founded in 1982 by Kenneth Tuchman, the company helps organizations design, build and manage customer interactions across digital and traditional channels.

TTEC’s services include customer care, technical support, sales and marketing, trust and safety, consulting, artificial intelligence, automation, analytics, cloud technologies and customer experience strategy. Its offerings are delivered through a combination of customer experience software, technology platforms and outsourced business-process services.

The company serves clients across industries including financial services, healthcare, communications, retail, travel and hospitality, automotive, and the public sector.