TELUS International (Cda) Inc. (NYSE:TIXT - Free Report) - William Blair reduced their FY2024 EPS estimates for shares of TELUS International (Cda) in a research report issued to clients and investors on Monday, November 11th. William Blair analyst M. Nolan now anticipates that the company will post earnings per share of $0.40 for the year, down from their previous estimate of $0.44. William Blair currently has a "Market Perform" rating on the stock. The consensus estimate for TELUS International (Cda)'s current full-year earnings is $0.43 per share. William Blair also issued estimates for TELUS International (Cda)'s Q1 2025 earnings at $0.06 EPS, Q2 2025 earnings at $0.06 EPS, Q3 2025 earnings at $0.09 EPS, Q4 2025 earnings at $0.11 EPS and FY2026 earnings at $0.51 EPS.
TIXT has been the subject of several other reports. Barclays lowered their price objective on shares of TELUS International (Cda) from $7.00 to $5.00 and set an "equal weight" rating for the company in a report on Monday, August 5th. Royal Bank of Canada cut shares of TELUS International (Cda) from an "outperform" rating to a "sector perform" rating and cut their price objective for the stock from $10.00 to $5.00 in a report on Monday, August 5th. Robert W. Baird lowered their price target on TELUS International (Cda) from $8.00 to $4.00 and set a "neutral" rating on the stock in a report on Monday, August 5th. Scotiabank reduced their price objective on TELUS International (Cda) from $10.00 to $5.00 and set a "sector perform" rating for the company in a research report on Wednesday, August 7th. Finally, BMO Capital Markets lowered their target price on TELUS International (Cda) from $7.50 to $4.75 and set a "market perform" rating on the stock in a report on Monday, August 5th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $7.37.
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TELUS International (Cda) Trading Down 6.8 %
Shares of TIXT traded down $0.30 during trading hours on Tuesday, hitting $4.14. The company had a trading volume of 250,891 shares, compared to its average volume of 328,989. The firm has a market cap of $442.28 million, a P/E ratio of -89.20, a P/E/G ratio of 1.22 and a beta of 0.68. TELUS International has a 52-week low of $2.83 and a 52-week high of $11.51. The stock's 50 day moving average price is $3.74 and its 200 day moving average price is $4.96. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.75.
TELUS International (Cda) (NYSE:TIXT - Get Free Report) last announced its quarterly earnings data on Friday, November 8th. The company reported $0.05 earnings per share for the quarter, topping analysts' consensus estimates of $0.02 by $0.03. The firm had revenue of $658.00 million during the quarter, compared to analyst estimates of $650.10 million. TELUS International (Cda) had a net margin of 2.70% and a return on equity of 11.66%. During the same period in the previous year, the business posted $0.19 EPS.
Hedge Funds Weigh In On TELUS International (Cda)
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Swiss National Bank grew its stake in shares of TELUS International (Cda) by 2.1% in the 1st quarter. Swiss National Bank now owns 149,000 shares of the company's stock worth $1,261,000 after buying an additional 3,000 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in TELUS International (Cda) by 12.4% during the first quarter. Russell Investments Group Ltd. now owns 95,390 shares of the company's stock worth $809,000 after buying an additional 10,501 shares during the period. Forge First Asset Management Inc. purchased a new position in TELUS International (Cda) during the first quarter worth $2,758,000. 1832 Asset Management L.P. increased its position in 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 valued at $10,873,000 after acquiring an additional 64,570 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of 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 during the period. 59.55% of the stock is owned by institutional investors.
About TELUS International (Cda)
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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.
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