TELUS International (Cda) (NYSE:TIXT) Announces Quarterly Earnings Results, Beats Expectations By $0.03 EPS

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

TELUS International (Cda) Trading Up 18.6 %

Shares of TIXT stock traded up $0.70 on Monday, reaching $4.46. 875,394 shares of the stock were exchanged, compared to its average volume of 329,402. The stock has a market cap of $476.46 million, a PE ratio of -89.20, a P/E/G ratio of 1.22 and a beta of 0.68. TELUS International has a one year low of $2.83 and a one year high of $11.51. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.09 and a quick ratio of 1.09. The stock has a 50 day moving average price of $3.74 and a 200 day moving average price of $4.96.

Analyst Ratings Changes

Several brokerages recently commented on TIXT. Scotiabank decreased their price target on TELUS International (Cda) from $10.00 to $5.00 and set a “sector perform” rating on the stock in a research note on Wednesday, August 7th. BMO Capital Markets cut their price objective on 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. Robert W. Baird cut their price objective on TELUS International (Cda) from $8.00 to $4.00 and set a “neutral” rating for the company in a research report on Monday, August 5th. CIBC downgraded TELUS International (Cda) from a “sector outperform” rating to a “neutral” rating in a research report on Tuesday, August 6th. Finally, Bank of America downgraded TELUS International (Cda) from a “buy” rating to an “underperform” rating and cut their price objective for the company from $11.00 to $4.00 in a research report on Monday, August 5th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $7.37.

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.