TeleTech Holdings, Inc. (NASDAQ:TTEC) Posts Earnings Results, Beats Expectations By $0.05 EPS

TeleTech Holdings, Inc. (NASDAQ:TTEC) released its quarterly earnings data on Monday, August 7th. The business services provider reported $0.38 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.05, Bloomberg Earnings reports. The firm had revenue of $353.42 million for the quarter, compared to analyst estimates of $332.52 million. TeleTech Holdings had a net margin of 3.30% and a return on equity of 19.49%. The company’s revenue for the quarter was up 15.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.28 EPS.

TeleTech Holdings (TTEC) traded down 1.60% on Friday, reaching $39.95. 153,973 shares of the company’s stock traded hands. The stock’s 50 day moving average is $41.19 and its 200 day moving average is $35.56. TeleTech Holdings has a 52-week low of $24.45 and a 52-week high of $43.45. The firm has a market cap of $1.83 billion, a price-to-earnings ratio of 41.53 and a beta of 0.90.

TTEC has been the topic of several research reports. Zacks Investment Research upgraded shares of TeleTech Holdings from a “sell” rating to a “hold” rating in a research note on Thursday, May 11th. TheStreet upgraded shares of TeleTech Holdings from a “c+” rating to a “b” rating in a research note on Thursday, May 11th. Finally, BidaskClub lowered shares of TeleTech Holdings from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 5th.

COPYRIGHT VIOLATION NOTICE: This piece of content was originally reported by BNB Daily and is the sole property of of BNB Daily. If you are accessing this piece of content on another website, it was copied illegally and reposted in violation of United States & international copyright legislation. The legal version of this piece of content can be read at https://www.baseball-news-blog.com/2017/08/19/teletech-holdings-inc-nasdaqttec-releases-earnings-results-beats-expectations-by-0-05-eps-updated.html.

In other TeleTech Holdings news, EVP Robert N. Jimenez sold 6,500 shares of TeleTech Holdings stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $42.58, for a total value of $276,770.00. Following the transaction, the executive vice president now owns 9,390 shares of the company’s stock, valued at $399,826.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Steven C. Pollema sold 1,317 shares of TeleTech Holdings stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $42.01, for a total transaction of $55,327.17. Following the completion of the transaction, the senior vice president now directly owns 6,880 shares in the company, valued at approximately $289,028.80. The disclosure for this sale can be found here. Insiders own 70.00% of the company’s stock.

About TeleTech Holdings

TeleTech Holdings, Inc (TeleTech) is a customer service provider that delivers consulting, technology, growth and customer care solutions on a global scale. The Company operates through four segments: Customer Management Services (CMS), Customer Growth Services (CGS), Customer Technology Services (CTS) and Customer Strategy Services (CSS).

Earnings History for TeleTech Holdings (NASDAQ:TTEC)

Receive News & Ratings for TeleTech Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TeleTech Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply