TIXT FY2024 EPS Estimate Lifted by National Bank Financial

TELUS International (Cda) Inc. (NYSE:TIXT) – Equities research analysts at National Bank Financial lifted their FY2024 earnings per share estimates for shares of TELUS International (Cda) in a note issued to investors on Sunday, November 10th. National Bank Financial analyst R. Tse now expects that the company will post earnings of $0.44 per share for the year, up from their previous estimate 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.

TELUS International (Cda) (NYSE:TIXT) last released its quarterly earnings results on Friday, November 8th. The company reported $0.05 EPS for the quarter, topping the consensus estimate 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 return on equity of 9.67% and a net margin of 1.17%. During the same period in the previous year, the company posted $0.19 EPS.

Other research analysts have also issued reports about the company. TD Securities reissued a “hold” rating and issued a $3.75 price target (down from $10.00) on shares of TELUS International (Cda) in a research report on Tuesday, August 6th. Desjardins raised TELUS International (Cda) to a “hold” rating in a research report on Thursday, September 26th. Barclays reduced their target price on TELUS International (Cda) from $7.00 to $5.00 and set an “equal weight” rating on the stock in a research report on Monday, August 5th. Cibc World Mkts lowered TELUS International (Cda) from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Finally, William Blair lowered TELUS International (Cda) from an “outperform” rating to a “market perform” rating in a research report on Friday, August 2nd. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, TELUS International (Cda) presently has an average rating of “Hold” and an average price target of $7.37.

TELUS International (Cda) Price Performance

TIXT opened at $3.75 on Wednesday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.02 and a quick ratio of 1.09. TELUS International has a 12 month low of $2.83 and a 12 month high of $11.51. The stock has a fifty day moving average price of $3.74 and a 200-day moving average price of $4.93.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of TIXT. Mackenzie Financial Corp boosted its stake in shares of TELUS International (Cda) by 5.9% in the second quarter. Mackenzie Financial Corp now owns 8,440,050 shares of the company’s stock worth $48,744,000 after buying an additional 472,103 shares during the last quarter. QV Investors Inc. boosted its stake in shares of TELUS International (Cda) by 398.0% in the third quarter. QV Investors Inc. now owns 6,011,720 shares of the company’s stock worth $23,496,000 after buying an additional 4,804,521 shares during the last quarter. Scheer Rowlett & Associates Investment Management Ltd. boosted its stake in shares of TELUS International (Cda) by 5.8% in the third quarter. Scheer Rowlett & Associates Investment Management Ltd. now owns 3,151,263 shares of the company’s stock worth $12,301,000 after buying an additional 173,477 shares during the last quarter. 1832 Asset Management L.P. boosted its stake in shares of 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 worth $10,873,000 after buying an additional 64,570 shares during the last quarter. Finally, Horrell Capital Management Inc. purchased a new stake in shares of TELUS International (Cda) in the third quarter worth about $2,248,000. 59.55% of the stock is owned by institutional investors and hedge funds.

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.