Desjardins Has Positive Outlook for TIXT FY2024 Earnings

TELUS International (Cda) Inc. (NYSE:TIXT - Free Report) - Equities research analysts at Desjardins upped their FY2024 earnings per share (EPS) estimates for TELUS International (Cda) in a research report issued to clients and investors on Sunday, November 10th. Desjardins analyst J. Dubreuil now forecasts that the company will post earnings per share of $0.45 for the year, up from their previous estimate of $0.44. Desjardins has a "Hold" rating on the stock. The consensus estimate for TELUS International (Cda)'s current full-year earnings is $0.43 per share. Desjardins also issued estimates for TELUS International (Cda)'s FY2025 earnings at $0.37 EPS and FY2026 earnings at $0.49 EPS.

Several other equities research analysts have also commented on the company. JPMorgan Chase & Co. lowered TELUS International (Cda) from a "neutral" rating to an "underweight" rating and set a $7.00 price objective on the stock. in a research report on Wednesday, July 17th. Robert W. Baird decreased their price objective on shares of 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 lowered TELUS International (Cda) from a "sector outperform" rating to a "neutral" rating in a research note on Tuesday, August 6th. Bank of America cut TELUS International (Cda) from a "buy" rating to an "underperform" rating and reduced their price target for the stock from $11.00 to $4.00 in a report on Monday, August 5th. Finally, Scotiabank reduced their target price on TELUS International (Cda) from $10.00 to $5.00 and set a "sector perform" rating for the company in a research note on Wednesday, August 7th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $7.37.

TELUS International (Cda) Stock Performance

NYSE:TIXT traded down $0.30 during mid-day trading on Tuesday, hitting $4.14. The company's stock had a trading volume of 250,891 shares, compared to its average volume of 328,989. The business's fifty day moving average is $3.74 and its two-hundred day moving average is $4.96. The stock has a market cap of $442.28 million, a price-to-earnings ratio of -89.20, a PEG ratio of 1.22 and a beta of 0.68. TELUS International has a 1 year low of $2.83 and a 1 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.

TELUS International (Cda) (NYSE:TIXT - Get Free Report) last issued its earnings results on Friday, November 8th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.02 by $0.03. The company had revenue of $658.00 million during 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 last year, the business posted $0.19 EPS.

Hedge Funds Weigh In On TELUS International (Cda)

Several institutional investors have recently bought and sold shares of the company. Swiss National Bank lifted its position in shares of TELUS International (Cda) by 2.1% during the first quarter. Swiss National Bank now owns 149,000 shares of the company's stock worth $1,261,000 after purchasing an additional 3,000 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in TELUS International (Cda) by 12.4% in the first quarter. Russell Investments Group Ltd. now owns 95,390 shares of the company's stock valued at $809,000 after purchasing an additional 10,501 shares during the period. Forge First Asset Management Inc. acquired a new position in shares of TELUS International (Cda) during the first quarter worth about $2,758,000. 1832 Asset Management L.P. increased its stake in shares of TELUS International (Cda) by 5.3% during the first quarter. 1832 Asset Management L.P. now owns 1,285,270 shares of the company's stock worth $10,873,000 after buying an additional 64,570 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in TELUS International (Cda) by 32.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 20,322 shares of the company's stock valued at $117,000 after acquiring an additional 4,973 shares in the last quarter. 59.55% of the stock is owned by institutional investors and hedge funds.

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.