TELUS International (Cda) (NYSE:TIXT) Updates FY 2022 Earnings Guidance – MarketBeat

TELUS International (Cda) (NYSE:TIXT – Get Rating) issued an update on its FY 2022 earnings guidance on Friday morning. The company provided earnings per share guidance of $1.18-$1.23 for the period, compared to the consensus earnings per share estimate of $1.19. The company issued revenue guidance of $2.55 billion-$2.60 billion, compared to the consensus revenue estimate of $2.57 billion.

TELUS International (Cda) Price Performance

NYSE:TIXT opened at $31.37 on Friday. TELUS International has a 12 month low of $20.73 and a 12 month high of $39.91. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 0.43. The business’s 50-day moving average is $26.30 and its 200 day moving average is $25.08. The company has a market capitalization of $8.34 billion, a P/E ratio of 56.02, a P/E/G ratio of 1.63 and a beta of 0.92.

TELUS International (Cda) (NYSE:TIXT – Get Rating) last issued its quarterly earnings data on Friday, August 5th. The company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.03. TELUS International (Cda) had a return on equity of 15.54% and a net margin of 6.26%. The business had revenue of $624.00 million for the quarter, compared to the consensus estimate of $619.40 million. On average, equities research analysts forecast that TELUS International will post 1.1 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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Several equities analysts have commented on the company. Barclays upped their price objective on TELUS International (Cda) to $35.00 in a research report on Tuesday. Wells Fargo & Company upped their price objective on TELUS International (Cda) from $30.00 to $36.00 and gave the company an overweight rating in a research report on Monday. TD Securities upped their price objective on TELUS International (Cda) from $33.00 to $35.00 and gave the company a buy rating in a research report on Monday. Morgan Stanley upped their price objective on TELUS International (Cda) from $24.00 to $26.00 and gave the company an equal weight rating in a research report on Monday. Finally, Credit Suisse Group upped their price objective on TELUS International (Cda) from $25.00 to $27.00 and gave the company a neutral rating in a research report on Monday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average price target of $33.00.

Institutional Investors Weigh In On TELUS International (Cda)

Hedge funds have recently made changes to their positions in the stock. Lazard Asset Management LLC purchased a new stake in TELUS International (Cda) in the first quarter valued at about $46,000. JPMorgan Chase & Co. raised its stake in TELUS International (Cda) by 43.4% in the first quarter. JPMorgan Chase & Co. now owns 7,367 shares of the company’s stock valued at $182,000 after buying an additional 2,228 shares during the last quarter. Advisor Group Holdings Inc. raised its stake in shares of TELUS International (Cda) by 156.0% in the first quarter. Advisor Group Holdings Inc. now owns 9,241 shares of the company’s stock worth $228,000 after purchasing an additional 5,631 shares during the last quarter. BlackRock Inc. raised its stake in shares of TELUS International (Cda) by 39.2% in the first quarter. BlackRock Inc. now owns 23,362 shares of the company’s stock worth $577,000 after purchasing an additional 6,582 shares during the last quarter. Finally, USS Investment Management Ltd purchased a new position in shares of TELUS International (Cda) in the first quarter worth about $668,000. 39.28% of the stock is currently owned by hedge funds and other institutional investors.

TELUS International (Cda) Company Profile

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TELUS International (Cda) Inc provides customer experience and digital business services in Europe, North America, the Asia-Pacific, and the Central America. It offers digital experience solutions, such as AI and bots, omnichannel CX, mobility solutions, cloud contact center, big data, platform transformation, and UX/UI design; and customer experience solutions, including work anywhere/work from home, customer care, technical support, sales growth and retention, and healthcare/patient experience.

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