FY2024 Earnings Estimate for TIXT Issued By Desjardins

TELUS International (Cda) Inc. (NYSE:TIXT) – Equities research analysts at Desjardins increased their FY2024 earnings per share (EPS) estimates for shares of TELUS International (Cda) in a research note issued on Sunday, November 10th. Desjardins analyst J. Dubreuil now anticipates that the company will post earnings per share of $0.45 for the year, up from their previous estimate of $0.44. Desjardins currently has a “Hold” rating on the stock. The consensus estimate for TELUS International (Cda)’s current full-year earnings is $0.43 per share. Desjardins also issued estimates for TELUS International (Cda)’s FY2025 earnings at $0.37 EPS and FY2026 earnings at $0.49 EPS.

Other equities research analysts have also issued research reports about the company. JPMorgan Chase & Co. lowered TELUS International (Cda) from a “neutral” rating to an “underweight” rating and set a $7.00 price objective on the stock. in a report on Wednesday, July 17th. Bank of America downgraded TELUS International (Cda) from a “buy” rating to an “underperform” rating and decreased their price target for the company from $11.00 to $4.00 in a research note on Monday, August 5th. TD Cowen cut TELUS International (Cda) from a “buy” rating to a “hold” rating and cut their price objective for the stock from $10.00 to $3.75 in a research report on Tuesday, August 6th. TD Securities restated a “hold” rating and set a $3.75 target price (down from $10.00) on shares of TELUS International (Cda) in a research report on Tuesday, August 6th. Finally, William Blair cut shares of TELUS International (Cda) from an “outperform” rating to a “market perform” rating in a research note on Friday, August 2nd. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, TELUS International (Cda) presently has a consensus rating of “Hold” and an average target price of $7.37.

TELUS International (Cda) Trading Down 12.5 %

Shares of TELUS International (Cda) stock opened at $3.89 on Tuesday. The firm has a market cap of $415.03 million, a price-to-earnings ratio of -78.60, a price-to-earnings-growth ratio of 1.22 and a beta of 0.68. TELUS International has a 52-week low of $2.83 and a 52-week high of $11.51. The company’s 50-day simple moving average is $3.74 and its 200-day simple moving average is $4.96. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.75.

TELUS International (Cda) (NYSE:TIXT) last announced its quarterly earnings data on Friday, November 8th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.03. TELUS International (Cda) had a net margin of 2.70% and a return on equity of 11.66%. The company had revenue of $658.00 million for the quarter, compared to analysts’ expectations of $650.10 million. During the same period in the previous year, the company posted $0.19 EPS.

Institutional Trading of TELUS International (Cda)

Several large investors have recently modified their holdings of TIXT. Blue Trust Inc. boosted its stake in shares of TELUS International (Cda) by 15.1% during the third quarter. Blue Trust Inc. now owns 22,428 shares of the company’s stock valued at $88,000 after acquiring an additional 2,948 shares during the last quarter. Swiss National Bank boosted its stake in shares of TELUS International (Cda) by 2.1% during the 1st quarter. Swiss National Bank now owns 149,000 shares of the company’s stock worth $1,261,000 after purchasing an additional 3,000 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of TELUS International (Cda) by 32.4% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 20,322 shares of the company’s stock worth $117,000 after buying an additional 4,973 shares in the last quarter. Marshall Wace LLP raised its position in shares of TELUS International (Cda) by 2.3% in the second quarter. Marshall Wace LLP now owns 223,262 shares of the company’s stock valued at $1,290,000 after buying an additional 5,017 shares during the last quarter. Finally, TD Asset Management Inc lifted its stake in shares of TELUS International (Cda) by 2.1% during the second quarter. TD Asset Management Inc now owns 254,914 shares of the company’s stock valued at $1,472,000 after buying an additional 5,351 shares during the period. 59.55% of the stock is currently owned by institutional investors and hedge funds.

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.