TELUS International (Cda) (NYSE:TIXT) Issues FY24 Earnings Guidance

TELUS International (Cda) (NYSE:TIXT) issued an update on its FY24 earnings guidance on Friday morning. The company provided earnings per share guidance of $0.39-0.44 for the period, compared to the consensus earnings per share estimate of $0.95. The company issued revenue guidance of $2.61-2.665 billion, compared to the consensus revenue estimate of $2.79 billion. TELUS International (Cda) also updated its FY 2024 guidance to 0.390-0.440 EPS.

TELUS International (Cda) Stock Down 36.0 %

Shares of TELUS International (Cda) stock traded down $2.33 on Friday, reaching $4.15. 2,731,030 shares of the company were exchanged, compared to its average volume of 259,603. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.78. The company has a market capitalization of $443.34 million, a price-to-earnings ratio of 27.63, a PEG ratio of 0.95 and a beta of 0.74. TELUS International has a one year low of $4.14 and a one year high of $11.51. The company has a 50-day moving average of $5.97 and a 200 day moving average of $7.71.

TELUS International (Cda) (NYSE:TIXT) last issued its quarterly earnings data on Friday, August 2nd. The company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.03). The firm had revenue of $652.00 million during the quarter, compared to analyst estimates of $682.32 million. TELUS International (Cda) had a net margin of 2.54% and a return on equity of 11.67%. The business’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.16 earnings per share. On average, equities research analysts forecast that TELUS International will post 0.95 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on TIXT shares. Barclays lowered their price objective on TELUS International (Cda) from $9.00 to $7.00 and set an equal weight rating for the company in a research report on Monday, May 13th. Citigroup dropped their target price on TELUS International (Cda) from $10.00 to $8.50 and set a neutral rating on the stock in a report on Monday, April 22nd. JPMorgan Chase & Co. lowered TELUS International (Cda) from a neutral rating to an underweight rating and set a $7.00 price target on the stock. in a report on Wednesday, July 17th. BMO Capital Markets lowered their target price on TELUS International (Cda) from $9.50 to $7.50 and set a market perform rating on the stock in a research note on Friday, May 10th. Finally, Robert W. Baird reduced their price target on TELUS International (Cda) from $10.00 to $9.00 and set a neutral rating for the company in a research report on Friday, April 19th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of Hold and an average target price of $11.21.

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.