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

TELUS International (Cda) (NYSE:TIXT) updated its FY 2024 earnings guidance on Friday. The company provided earnings per share guidance of 0.390-0.440 for the period, compared to the consensus earnings per share estimate of 0.950. The company issued revenue guidance of $2.6 billion-$2.7 billion, compared to the consensus revenue estimate of $2.8 billion. TELUS International (Cda) also updated its FY24 guidance to $0.39-0.44 EPS.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Barclays lowered their price target on shares of TELUS International (Cda) from $9.00 to $7.00 and set an equal weight rating on the stock in a report on Monday, May 13th. Robert W. Baird decreased their target price on shares of TELUS International (Cda) from $10.00 to $9.00 and set a neutral rating on the stock in a research report on Friday, April 19th. JPMorgan Chase & Co. lowered shares of TELUS International (Cda) from a neutral rating to an underweight rating and set a $7.00 target price on the stock. in a research report on Wednesday, July 17th. William Blair lowered shares of TELUS International (Cda) from an outperform rating to a market perform rating in a research report on Friday. Finally, Scotiabank lowered shares of TELUS International (Cda) from a sector outperform rating to a sector perform rating and decreased their target price for the stock from $13.00 to $10.00 in a research report on Friday, May 10th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, TELUS International (Cda) has a consensus rating of Hold and an average price target of $11.21.

TELUS International (Cda) Price Performance

TELUS International (Cda) stock traded down $2.33 during mid-day trading on Friday, reaching $4.15. The company had a trading volume of 2,731,030 shares, compared to its average volume of 259,603. TELUS International has a fifty-two week low of $4.14 and a fifty-two week high of $11.51. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.78. The company has a market cap of $443.34 million, a P/E ratio of 27.63, a P/E/G ratio of 0.95 and a beta of 0.74. The business has a fifty day simple moving average of $5.97 and a 200 day simple moving average of $7.71.

TELUS International (Cda) (NYSE:TIXT) last issued its earnings results on Friday, August 2nd. The company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.03). 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 during the quarter, compared to analyst estimates of $682.32 million. During the same quarter in the prior year, the business earned $0.16 EPS. The business’s quarterly revenue was down 2.2% on a year-over-year basis. On average, equities research analysts predict that TELUS International will post 0.95 earnings per share for the current year.

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.