TIXT FY2024 EPS Estimate Lifted by National Bank Financial

TELUS International (Cda) Inc. (NYSE:TIXT) – Investment analysts at National Bank Financial increased their FY2024 earnings per share (EPS) estimates for TELUS International (Cda) in a research report issued to clients and investors on Sunday, November 10th. National Bank Financial analyst R. Tse now anticipates that the company will earn $0.44 per share for the year, up from their prior 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 issued its quarterly 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 company had revenue of $658.00 million for 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 quarter in the prior year, the business posted $0.19 earnings per share.

A number of other brokerages have also recently commented on TIXT. TD Cowen cut TELUS International (Cda) from a “buy” rating to a “hold” rating and reduced their target price for the company from $10.00 to $3.75 in a report on Tuesday, August 6th. CIBC cut TELUS International (Cda) from a “sector outperform” rating to a “neutral” rating in a report on Tuesday, August 6th. Barclays reduced their target price on TELUS International (Cda) from $7.00 to $5.00 and set an “equal weight” rating for the company in a report on Monday, August 5th. Bank of America cut TELUS International (Cda) from a “buy” rating to an “underperform” rating and reduced their target price for the company from $11.00 to $4.00 in a report on Monday, August 5th. Finally, BMO Capital Markets cut their price target on TELUS International (Cda) from $7.50 to $4.75 and set a “market perform” rating for the company in a report on Monday, August 5th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, TELUS International (Cda) has a consensus rating of “Hold” and an average price target of $7.37.

TELUS International (Cda) Stock Performance

Shares of TIXT stock opened at $3.75 on Wednesday. The business’s 50 day moving average is $3.74 and its two-hundred day moving average is $4.93. 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 12-month low of $2.83 and a 12-month high of $11.51.

Institutional Investors Weigh In On TELUS International (Cda)

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. QV Investors Inc. boosted its position in shares of TELUS International (Cda) by 398.0% during 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 period. Horrell Capital Management Inc. purchased a new position in shares of TELUS International (Cda) during the third quarter worth $2,248,000. Mackenzie Financial Corp boosted its position in shares of TELUS International (Cda) by 5.9% during 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 period. Forge First Asset Management Inc. purchased a new position in shares of TELUS International (Cda) during the first quarter worth $2,758,000. Finally, Scheer Rowlett & Associates Investment Management Ltd. boosted its position in shares of TELUS International (Cda) by 5.8% during 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 period. Institutional investors and hedge funds own 59.55% of the company’s stock.

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.