TELUS International (Cda) (NYSE:TIXT) Issues FY 2024 Earnings Guidance

TELUS International (Cda) (NYSE:TIXT - Get Free Report) issued an update on its FY 2024 earnings guidance on Friday morning. The company provided earnings per share (EPS) guidance of 0.390-0.440 for the period, compared to the consensus estimate of 0.430. The company issued revenue guidance of $2.6 billion-$2.7 billion, compared to the consensus revenue estimate of $2.6 billion.

TELUS International (Cda) Price Performance

Shares of NYSE TIXT traded down $0.20 during trading on Friday, hitting $3.78. The company had a trading volume of 1,295,785 shares, compared to its average volume of 326,885. TELUS International has a 52 week low of $2.83 and a 52 week high of $11.51. The business's 50-day moving average is $3.72 and its 200 day moving average is $5.06. The company has a market cap of $403.28 million, a P/E ratio of 39.60, a PEG ratio of 1.29 and a beta of 0.68. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.09 and a current ratio of 1.09.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. 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 report on Wednesday, August 7th. Robert W. Baird decreased their target price on shares of TELUS International (Cda) from $8.00 to $4.00 and set a "neutral" rating for the company in a report on Monday, August 5th. Cibc World Mkts lowered shares of TELUS International (Cda) from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 6th. JPMorgan Chase & Co. lowered shares of TELUS International (Cda) from a "neutral" rating to an "underweight" rating and set a $7.00 price objective for the company. in a research note on Wednesday, July 17th. Finally, TD Securities reissued a "hold" rating and set a $3.75 target price (down from $10.00) on shares of TELUS International (Cda) in a research note on Tuesday, August 6th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $7.37.

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.