National Bank Financial Forecasts TIXT FY2024 Earnings

TELUS International (Cda) Inc. (NYSE:TIXT - Free Report) - National Bank Financial increased their FY2024 earnings estimates for shares of TELUS International (Cda) in a note issued to investors on Sunday, November 10th. National Bank Financial analyst R. Tse now anticipates that the company will post earnings per share of $0.44 for the year, up from their previous estimate of $0.43. The consensus estimate for TELUS International (Cda)'s current full-year earnings is $0.44 per share. National Bank Financial also issued estimates for TELUS International (Cda)'s FY2025 earnings at $0.36 EPS.

TELUS International (Cda) (NYSE:TIXT - Get Free Report) last issued its quarterly earnings data on Friday, November 8th. The company reported $0.05 EPS for the quarter, topping analysts' consensus estimates of $0.02 by $0.03. The business had revenue of $658.00 million for the quarter, compared to analyst estimates of $650.10 million. TELUS International (Cda) had a net margin of 1.17% and a return on equity of 9.67%. During the same period last year, the business posted $0.19 earnings per share.

Other equities research analysts have also issued research reports about the company. Bank of America lowered TELUS International (Cda) from a "buy" rating to an "underperform" rating and dropped their target price for the company from $11.00 to $4.00 in a research report on Monday, August 5th. Desjardins upgraded shares of TELUS International (Cda) to a "hold" rating in a report on Thursday, September 26th. Cibc World Mkts lowered shares of TELUS International (Cda) from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 6th. BMO Capital Markets reduced their price objective on shares of TELUS International (Cda) from $7.50 to $4.75 and set a "market perform" rating for the company in a research note on Monday, August 5th. Finally, TD Securities restated a "hold" rating and issued a $3.75 price objective (down previously from $10.00) on shares of TELUS International (Cda) in a report on Tuesday, August 6th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $7.37.

TELUS International (Cda) Trading Down 3.8 %

Shares of TIXT traded down $0.15 during midday trading on Wednesday, hitting $3.75. The stock had a trading volume of 367,951 shares, compared to its average volume of 330,928. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.09 and a current ratio of 1.02. The company has a 50 day simple moving average of $3.74 and a two-hundred day simple moving average of $4.93. TELUS International has a twelve month low of $2.83 and a twelve month high of $11.51.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Blue Trust Inc. increased its position in TELUS International (Cda) by 15.1% during the 3rd quarter. Blue Trust Inc. now owns 22,428 shares of the company's stock worth $88,000 after buying an additional 2,948 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in TELUS International (Cda) by 32.4% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 20,322 shares of the company's stock worth $117,000 after acquiring an additional 4,973 shares during the period. XTX Topco Ltd acquired a new stake in TELUS International (Cda) in the 2nd quarter worth about $191,000. National Bank of Canada FI grew its position in shares of TELUS International (Cda) by 971.6% during the 2nd quarter. National Bank of Canada FI now owns 75,443 shares of the company's stock worth $441,000 after purchasing an additional 68,403 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of TELUS International (Cda) by 192.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 158,732 shares of the company's stock worth $620,000 after purchasing an additional 104,430 shares during the period. Institutional investors and hedge funds own 59.55% of the company's stock.

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.