William Blair Issues Negative Estimate for TIXT Earnings

TELUS International (Cda) Inc. (NYSE:TIXT) – Investment analysts at William Blair cut their Q4 2024 earnings estimates for shares of TELUS International (Cda) in a research report issued on Monday, November 11th. William Blair analyst M. Nolan now anticipates that the company will post earnings of ($0.04) per share for the quarter, down from their prior forecast of $0.04. William Blair has a “Market Perform” rating on the stock. The consensus estimate for TELUS International (Cda)’s current full-year earnings is $0.44 per share. William Blair also issued estimates for TELUS International (Cda)’s FY2025 earnings at $0.31 EPS.

Other equities analysts also recently issued research reports about the stock. Bank of America downgraded shares of TELUS International (Cda) from a “buy” rating to an “underperform” rating and decreased their price objective for the stock from $11.00 to $4.00 in a report on Monday, August 5th. Scotiabank decreased their price target on shares of TELUS International (Cda) from $10.00 to $5.00 and set a “sector perform” rating for the company in a report on Wednesday, August 7th. BMO Capital Markets lowered their price objective on shares of TELUS International (Cda) from $7.50 to $4.75 and set a “market perform” rating for the company in a research report on Monday, August 5th. JPMorgan Chase & Co. cut 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 report on Wednesday, July 17th. Finally, Desjardins raised TELUS International (Cda) to a “hold” rating in a report on Thursday, September 26th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, TELUS International (Cda) presently has an average rating of “Hold” and a consensus price target of $7.37.

TELUS International (Cda) Price Performance

NYSE:TIXT opened at $3.75 on Wednesday. The company has a current ratio of 1.02, a quick ratio of 1.09 and a debt-to-equity ratio of 0.72. TELUS International has a one year low of $2.83 and a one year high of $11.51. The stock has a 50-day simple moving average of $3.74 and a 200 day simple moving average of $4.93.

TELUS International (Cda) (NYSE:TIXT) last issued its quarterly earnings data on Friday, November 8th. The company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.03. TELUS International (Cda) had a return on equity of 9.67% and a net margin of 1.17%. The firm had revenue of $658.00 million during the quarter, compared to analyst estimates of $650.10 million. During the same quarter last year, the firm earned $0.19 EPS.

Institutional Investors Weigh In On TELUS International (Cda)

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. QV Investors Inc. grew its stake in shares of TELUS International (Cda) by 398.0% in the 3rd quarter. QV Investors Inc. now owns 6,011,720 shares of the company’s stock valued at $23,496,000 after buying an additional 4,804,521 shares in the last quarter. Horrell Capital Management Inc. acquired a new stake in TELUS International (Cda) in the third quarter valued at approximately $2,248,000. Mackenzie Financial Corp grew its position in 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 acquiring an additional 472,103 shares in the last quarter. Forge First Asset Management Inc. acquired a new position in shares of TELUS International (Cda) during the 1st quarter worth $2,758,000. Finally, Scheer Rowlett & Associates Investment Management Ltd. raised its holdings in shares of TELUS International (Cda) by 5.8% during the 3rd quarter. Scheer Rowlett & Associates Investment Management Ltd. now owns 3,151,263 shares of the company’s stock valued at $12,301,000 after purchasing an additional 173,477 shares in the last quarter. Hedge funds and other institutional investors own 59.55% of the company’s stock.

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.