TELUS International (Cda) (NYSE:TIXT) Announces Earnings Results

TELUS International (Cda) (NYSE:TIXT) posted its earnings results on Friday. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.03, Zacks reports. TELUS International (Cda) had a return on equity of 11.66% and a net margin of 2.70%. The firm had revenue of $658.00 million for the quarter, compared to the consensus estimate of $650.10 million. During the same quarter in the prior year, the business posted $0.19 earnings per share. TELUS International (Cda) updated its FY 2024 guidance to 0.390-0.440 EPS.

TELUS International (Cda) Trading Up 18.6 %

Shares of NYSE:TIXT traded up $0.70 on Monday, reaching $4.46. 875,394 shares of the company traded hands, compared to its average volume of 329,402. TELUS International has a 52 week low of $2.83 and a 52 week high of $11.51. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.75. The business’s 50-day simple moving average is $3.72 and its 200 day simple moving average is $4.99. The stock has a market capitalization of $476.46 million, a P/E ratio of -83.80, a price-to-earnings-growth ratio of 1.22 and a beta of 0.68.

Analysts Set New Price Targets

TIXT has been the subject of a number of recent analyst reports. Cibc World Mkts lowered TELUS International (Cda) from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 6th. Robert W. Baird decreased their target price on shares of TELUS International (Cda) from $8.00 to $4.00 and set a “neutral” rating on the stock in a report on Monday, August 5th. JPMorgan Chase & Co. downgraded shares of TELUS International (Cda) from a “neutral” rating to an “underweight” rating and set a $7.00 price target for the company. in a report on Wednesday, July 17th. BMO Capital Markets reduced their price target on shares of TELUS International (Cda) from $7.50 to $4.75 and set a “market perform” rating for the company in a research report on Monday, August 5th. Finally, Scotiabank lowered their price objective on TELUS International (Cda) from $10.00 to $5.00 and set a “sector perform” rating on the stock in a research report on Wednesday, August 7th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $7.37.

About TELUS International (Cda)

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.