Brokers Offer Predictions for TIXT FY2024 Earnings

TELUS International (Cda) Inc. (NYSE:TIXT) – Stifel Canada issued their FY2024 earnings per share (EPS) estimates for shares of TELUS International (Cda) in a research note issued to investors on Wednesday, January 15th. Stifel Canada analyst S. Sukumar forecasts that the company will earn $0.42 per share for the year. Stifel Canada currently has a “Strong-Buy” rating on the stock. The consensus estimate for TELUS International (Cda)’s current full-year earnings is $0.43 per share. Stifel Canada also issued estimates for TELUS International (Cda)’s Q4 2024 earnings at ($0.01) EPS, FY2025 earnings at $0.42 EPS and FY2026 earnings at $0.62 EPS.

TIXT has been the topic of several other research reports. Desjardins upgraded TELUS International (Cda) to a “hold” rating in a report on Thursday, September 26th. Stifel Nicolaus initiated coverage on TELUS International (Cda) in a report on Thursday. They set a “buy” rating and a $5.00 price objective on the stock. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $7.20.

TELUS International (Cda) Stock Performance

NYSE TIXT opened at $3.55 on Monday. TELUS International has a 1-year low of $2.83 and a 1-year high of $11.51. The company has a market capitalization of $975.43 million, a P/E ratio of -70.94, a PEG ratio of 1.11 and a beta of 0.67. The business has a 50 day moving average price of $3.74 and a 200 day moving average price of $4.06. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.02 and a quick ratio of 1.02.

TELUS International (Cda) (NYSE:TIXT) last issued its earnings results on Friday, November 8th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.03. The business had revenue of $658.00 million during 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 period in the prior year, the business posted $0.19 EPS.

Hedge Funds Weigh In On TELUS International (Cda)

Institutional investors and hedge funds have recently modified their holdings of the stock. PFW Advisors LLC acquired a new position in shares of TELUS International (Cda) during the fourth quarter valued at about $67,000. JPMorgan Chase & Co. acquired a new position in TELUS International (Cda) in the third quarter worth about $24,223,000. DGS Capital Management LLC grew its stake in TELUS International (Cda) by 16.4% during the third quarter. DGS Capital Management LLC now owns 36,742 shares of the company’s stock worth $144,000 after buying an additional 5,164 shares during the last quarter. Virtu Financial LLC bought a new stake in TELUS International (Cda) during the third quarter worth about $54,000. Finally, Barclays PLC grew its stake in TELUS International (Cda) by 118.8% during the third quarter. Barclays PLC now owns 30,629 shares of the company’s stock worth $120,000 after buying an additional 16,629 shares during the last quarter. 59.55% of the stock is currently owned by hedge funds and other institutional investors.

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.