TELUS International (Cda) (NYSE:TIXT) Releases Earnings Results, Hits Expectations

TELUS International (Cda) (NYSE:TIXTGet Free Report) issued its quarterly earnings results on Friday. The company reported $0.26 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.26, MarketWatch Earnings reports. TELUS International (Cda) had a return on equity of 11.80% and a net margin of 1.99%. The business had revenue of $692.00 million during the quarter, compared to analyst estimates of $691.00 million. During the same quarter in the prior year, the business posted $0.34 EPS. TELUS International (Cda)’s revenue for the quarter was up 9.8% compared to the same quarter last year. TELUS International (Cda) updated its FY24 guidance to $0.93-0.98 EPS and its FY 2024 guidance to 0.930-0.980 EPS.

TELUS International (Cda) Stock Performance

TIXT stock opened at $9.40 on Monday. TELUS International has a twelve month low of $6.03 and a twelve month high of $22.52. The firm has a market cap of $686.95 million, a price-to-earnings ratio of 62.67, a PEG ratio of 8.66 and a beta of 0.85. The business’s fifty day simple moving average is $8.49 and its two-hundred day simple moving average is $8.02. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.84.

Hedge Funds Weigh In On TELUS International (Cda)

A number of hedge funds have recently added to or reduced their stakes in TIXT. Qube Research & Technologies Ltd bought a new stake in shares of TELUS International (Cda) in the 3rd quarter valued at about $25,000. Lazard Asset Management LLC acquired a new position in shares of TELUS International (Cda) in the 1st quarter valued at $46,000. Citigroup Inc. raised its stake in TELUS International (Cda) by 18.8% in the 1st quarter. Citigroup Inc. now owns 4,781 shares of the company’s stock worth $96,000 after acquiring an additional 755 shares during the last quarter. BNP Paribas Arbitrage SNC acquired a new stake in TELUS International (Cda) during the 3rd quarter worth about $101,000. Finally, Tower Research Capital LLC TRC grew its stake in TELUS International (Cda) by 388.5% during the 3rd quarter. Tower Research Capital LLC TRC now owns 5,154 shares of the company’s stock valued at $135,000 after purchasing an additional 4,099 shares during the last quarter. 59.55% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

TIXT has been the subject of several recent analyst reports. Citigroup upped their price target on TELUS International (Cda) from $7.00 to $9.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 17th. TD Securities cut their target price on shares of TELUS International (Cda) from $12.00 to $10.50 and set a “buy” rating for the company in a research note on Monday, November 6th. Barclays reduced their price target on shares of TELUS International (Cda) from $11.00 to $9.00 and set an “equal weight” rating on the stock in a report on Monday, October 23rd. BMO Capital Markets lowered their target price on TELUS International (Cda) from $11.00 to $8.00 and set an “outperform” rating for the company in a research report on Monday, November 6th. Finally, National Bankshares decreased their target price on shares of TELUS International (Cda) from $16.00 to $10.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 26th. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, TELUS International (Cda) has an average rating of “Moderate Buy” and an average price target of $13.54.

View Our Latest Research Report on TIXT

TELUS International (Cda) Company Profile

(Get Free Report)

TELUS International (Cda) Inc design, builds, and delivers digital solutions for customer experience (CX) in Europe, North America, the Asia-Pacific, and the Central America. 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.

See Also

Earnings History for TELUS International (Cda) (NYSE:TIXT)

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