TELUS International (Cda) (NYSE:TIXT) Posts Earnings Results, Misses Expectations By $0.03 EPS

TELUS International (Cda) (NYSE:TIXT - Get Free Report) released its quarterly earnings results on Friday. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.03), Briefing.com reports. TELUS International (Cda) had a net margin of 2.54% and a return on equity of 11.67%. The company had revenue of $652.00 million for the quarter, compared to the consensus estimate of $682.32 million. During the same period in the prior year, the firm posted $0.16 EPS. The business's revenue for the quarter was down 2.2% on a year-over-year basis. 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 %

TELUS International (Cda) stock traded down $2.33 during trading hours on Friday, reaching $4.15. The stock had a trading volume of 2,731,030 shares, compared to its average volume of 259,603. TELUS International has a 52 week low of $4.14 and a 52 week high of $11.51. The company has a market cap of $443.34 million, a price-to-earnings ratio of 27.67, a PEG ratio of 0.95 and a beta of 0.74. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.16 and a quick ratio of 1.16. The business's 50 day moving average price is $5.97 and its 200-day moving average price is $7.71.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on TIXT shares. Canaccord Genuity Group cut their price target on 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. downgraded TELUS International (Cda) from a "neutral" rating to an "underweight" rating and set a $7.00 price target for the company. in a research note on Wednesday, July 17th. Citigroup reduced their price objective on shares of 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. Robert W. Baird dropped their target price on shares of 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. Finally, BMO Capital Markets reduced their price target on shares of TELUS International (Cda) from $9.50 to $7.50 and set a "market perform" rating on the stock in a report on Friday, May 10th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target 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.