TELUS International (Cda) (NYSE:TIXT) Releases FY24 Earnings Guidance

TELUS International (Cda) (NYSE:TIXT) updated its FY24 earnings guidance on Thursday. The company provided EPS guidance of $0.93-0.98 for the period, compared to the consensus EPS estimate of $0.95. The company issued revenue guidance of $2.79-2.85 billion, compared to the consensus revenue estimate of $2.81 billion. TELUS International (Cda) also updated its FY 2024 guidance to 0.930-0.980 EPS.

Analysts Set New Price Targets

TIXT has been the topic of a number of analyst reports. Guggenheim began coverage on TELUS International (Cda) in a research note on Tuesday, March 19th. They issued a neutral rating and a $9.00 price target on the stock. Canaccord Genuity Group lowered their price target on shares of TELUS International (Cda) from $16.50 to $16.00 and set a buy rating on the stock in a research note on Tuesday. TheStreet raised shares of TELUS International (Cda) from a d rating to a c- rating in a report on Monday, February 12th. TD Securities increased their target price on shares of TELUS International (Cda) from $10.50 to $11.50 and gave the company a buy rating in a report on Monday, February 12th. Finally, Scotiabank downgraded shares of TELUS International (Cda) from a sector outperform rating to a sector perform rating and set a $10.00 price target for the company. in a research report on Friday. Nine analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of Hold and an average target price of $13.10.

TELUS International (Cda) Trading Down 1.4 %

Shares of TIXT traded down $0.09 on Friday, hitting $6.27. 251,703 shares of the stock traded hands, compared to its average volume of 217,034. The firm has a market capitalization of $669.82 million, a P/E ratio of 42.34, a P/E/G ratio of 1.00 and a beta of 0.86. The stock’s 50 day moving average is $8.45 and its two-hundred day moving average is $8.36. TELUS International has a 1 year low of $6.03 and a 1 year high of $17.56. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.80.

TELUS International (Cda) (NYSE:TIXT) last posted its quarterly earnings results on Thursday, May 9th. The company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.19 by $0.03. TELUS International (Cda) had a return on equity of 11.74% and a net margin of 1.99%. The company had revenue of $657.00 million during the quarter, compared to analysts’ expectations of $675.33 million. During the same quarter in the previous year, the business earned $0.24 EPS. The firm’s revenue was down 4.2% on a year-over-year basis. As a group, sell-side analysts predict that TELUS International will post 0.89 earnings per share for the current year.

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.