Research Analysts Issue Forecasts for TIXT FY2024 Earnings

TELUS International (Cda) Inc. (NYSE:TIXT) – Stock analysts at National Bank Financial boosted their FY2024 earnings estimates for shares of TELUS International (Cda) in a report released on Sunday, November 10th. National Bank Financial analyst R. Tse now forecasts that the company will post earnings of $0.44 per share for the year, up from their previous forecast of $0.43. The consensus estimate for TELUS International (Cda)’s current full-year earnings is $0.44 per share. National Bank Financial also issued estimates for TELUS International (Cda)’s FY2025 earnings at $0.36 EPS.

A number of other equities analysts have also recently commented on TIXT. CIBC cut shares of TELUS International (Cda) from a “sector outperform” rating to a “neutral” rating in a research report on Tuesday, August 6th. Scotiabank decreased their price target on shares of TELUS International (Cda) from $10.00 to $5.00 and set a “sector perform” rating on the stock in a research note on Wednesday, August 7th. Barclays cut 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 research report on Monday, August 5th. TD Securities reaffirmed a “hold” rating and issued a $3.75 target price (down previously from $10.00) on shares of TELUS International (Cda) in a research report on Tuesday, August 6th. Finally, Royal Bank of Canada lowered TELUS International (Cda) from an “outperform” rating to a “sector perform” rating and lowered their target price for the stock from $10.00 to $5.00 in a research note on Monday, August 5th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, TELUS International (Cda) has an average rating of “Hold” and an average target price of $7.37.

TELUS International (Cda) Stock Up 2.9 %

TIXT stock opened at $3.87 on Wednesday. TELUS International has a 1-year low of $2.83 and a 1-year high of $11.51. The business’s 50 day simple moving average is $3.75 and its 200 day simple moving average is $4.92. The company has a current ratio of 1.02, a quick ratio of 1.09 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $413.43 million, a PE ratio of -75.00, a PEG ratio of 1.25 and a beta of 0.68.

TELUS International (Cda) (NYSE:TIXT) last announced its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $650.10 million. TELUS International (Cda) had a return on equity of 9.67% and a net margin of 1.17%. During the same quarter in the previous year, the business earned $0.19 earnings per share.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of TIXT. Swiss National Bank increased its stake in TELUS International (Cda) by 2.1% in the first quarter. Swiss National Bank now owns 149,000 shares of the company’s stock valued at $1,261,000 after acquiring an additional 3,000 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in shares of TELUS International (Cda) by 12.4% during the 1st 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 in the last quarter. Forge First Asset Management Inc. bought a new stake in shares of TELUS International (Cda) during the 1st quarter worth $2,758,000. 1832 Asset Management L.P. boosted its stake in TELUS International (Cda) by 5.3% in 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 buying an additional 64,570 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in 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 last quarter. Institutional investors and hedge funds own 59.55% of the company’s stock.

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.