TELUS International (Cda) (NYSE:TIXT) Releases Quarterly Earnings Results, Misses Estimates By $0.03 EPS

TELUS International (Cda) (NYSE:TIXT) posted its quarterly earnings data on Friday. The company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.03), Briefing.com reports. TELUS International (Cda) had a return on equity of 11.67% and a net margin of 2.54%. The firm had revenue of $652.00 million for the quarter, compared to the consensus estimate of $682.32 million. During the same quarter in the previous year, the business posted $0.16 earnings per share. The firm’s quarterly revenue was down 2.2% compared to the same quarter last year. TELUS International (Cda) updated its FY24 guidance to $0.39-0.44 EPS and its FY 2024 guidance to 0.390-0.440 EPS.

TELUS International (Cda) Stock Down 36.0 %

TIXT traded down $2.33 during trading on Friday, hitting $4.15. 2,731,030 shares of the company’s stock were exchanged, compared to its average volume of 259,603. TELUS International has a fifty-two week low of $4.14 and a fifty-two week high of $11.51. The stock has a market cap of $443.34 million, a P/E ratio of 27.67, a PEG ratio of 0.95 and a beta of 0.74. The business’s 50 day moving average is $5.97 and its two-hundred day moving average is $7.71. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.78.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on TIXT. Canaccord Genuity Group decreased their price target on shares of TELUS International (Cda) from $16.50 to $16.00 and set a “buy” rating for the company in a research note on Tuesday, May 7th. JPMorgan Chase & Co. cut TELUS International (Cda) from a “neutral” rating to an “underweight” rating and set a $7.00 price objective for the company. in a report on Wednesday, July 17th. Citigroup lowered their target price on TELUS International (Cda) from $10.00 to $8.50 and set a “neutral” rating on the stock in a research report on Monday, April 22nd. Scotiabank downgraded TELUS International (Cda) from a “sector outperform” rating to a “sector perform” rating and decreased their price target for the company from $13.00 to $10.00 in a research note on Friday, May 10th. Finally, Barclays lowered their price target on TELUS International (Cda) from $9.00 to $7.00 and set an “equal weight” rating on the stock in a research report on Monday, May 13th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $11.21.

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.