TELUS International (Cda) (NYSE:TIXT) Issues Quarterly Earnings Results, Meets Estimates

TELUS International (Cda) (NYSE:TIXTGet Free Report) announced its earnings results on Friday. The company reported $0.26 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.26, MarketWatch Earnings reports. The company had revenue of $692.00 million for the quarter, compared to analyst estimates of $691.00 million. TELUS International (Cda) had a return on equity of 13.01% and a net margin of 1.89%. TELUS International (Cda)’s quarterly revenue was up 9.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.34 EPS. TELUS International (Cda) updated its FY24 guidance to $0.93-0.98 EPS and its FY 2024 guidance to 0.930-0.980 EPS.

TELUS International (Cda) Stock Up 2.5 %

Shares of TIXT opened at $9.40 on Friday. The business’s 50 day simple moving average is $8.49 and its 200-day simple moving average is $8.03. TELUS International has a one year low of $6.03 and a one year high of $22.52. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.14 and a quick ratio of 1.14. The company has a market capitalization of $686.95 million, a P/E ratio of 62.67, a PEG ratio of 8.66 and a beta of 0.85.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Mackenzie Financial Corp increased its position in shares of TELUS International (Cda) by 0.7% in the 4th quarter. Mackenzie Financial Corp now owns 10,715,231 shares of the company’s stock valued at $211,292,000 after buying an additional 76,649 shares in the last quarter. Capital International Investors increased its holdings in TELUS International (Cda) by 14.5% during the 1st quarter. Capital International Investors now owns 5,536,117 shares of the company’s stock worth $136,798,000 after purchasing an additional 699,567 shares in the last quarter. 1832 Asset Management L.P. increased its holdings in TELUS International (Cda) by 22.4% during the 1st quarter. 1832 Asset Management L.P. now owns 700,000 shares of the company’s stock worth $17,059,000 after purchasing an additional 128,000 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in TELUS International (Cda) by 203.3% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 500,783 shares of the company’s stock worth $10,124,000 after purchasing an additional 335,698 shares in the last quarter. Finally, Bank of America Corp DE increased its holdings in TELUS International (Cda) by 451.6% during the 4th quarter. Bank of America Corp DE now owns 458,696 shares of the company’s stock worth $9,078,000 after purchasing an additional 375,544 shares in the last quarter. Institutional investors and hedge funds own 59.55% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on TIXT shares. CIBC increased their price target on TELUS International (Cda) from $19.00 to $21.50 and gave the stock an “outperform” rating in a research note on Thursday, January 11th. JPMorgan Chase & Co. decreased their target price on TELUS International (Cda) from $12.00 to $8.00 and set a “neutral” rating for the company in a research note on Monday, November 6th. TD Securities decreased their target price on TELUS International (Cda) from $12.00 to $10.50 and set a “buy” rating for the company in a research note on Monday, November 6th. National Bankshares reduced their target price on TELUS International (Cda) from $16.00 to $10.00 and set a “sector perform” rating for the company in a report on Thursday, October 26th. Finally, Citigroup upped their target price on TELUS International (Cda) from $7.00 to $9.00 and gave the company a “neutral” rating in a report on Wednesday, January 17th. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, TELUS International (Cda) presently has a consensus rating of “Moderate Buy” and a consensus price target of $13.54.

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About TELUS International (Cda)

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TELUS International (Cda) Inc design, builds, and delivers digital solutions for customer experience (CX) in Europe, North America, the Asia-Pacific, and the Central America. 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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Earnings History for TELUS International (Cda) (NYSE:TIXT)

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