William Blair Issues Pessimistic Estimate for TIXT Earnings

TELUS International (Cda) Inc. (NYSE:TIXT) – Stock analysts at William Blair decreased their Q4 2024 EPS estimates for shares of TELUS International (Cda) in a note issued to investors on Monday, November 11th. William Blair analyst M. Nolan now expects that the company will earn ($0.04) per share for the quarter, down from their prior forecast of $0.04. William Blair currently 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.

Several other research firms have also issued reports on TIXT. TD Securities reaffirmed a “hold” rating and set a $3.75 price target (down from $10.00) on shares of TELUS International (Cda) in a research report on Tuesday, August 6th. Bank of America cut shares of TELUS International (Cda) from a “buy” rating to an “underperform” rating and dropped their target price for the company from $11.00 to $4.00 in a report on Monday, August 5th. CIBC cut TELUS International (Cda) from a “sector outperform” rating to a “neutral” rating in a report on Tuesday, August 6th. Desjardins upgraded TELUS International (Cda) to a “hold” rating in a research note on Thursday, September 26th. Finally, TD Cowen cut TELUS International (Cda) from a “buy” rating to a “hold” rating and cut their price objective for the company from $10.00 to $3.75 in a research report on Tuesday, August 6th. Two investment 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’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $7.37.

TELUS International (Cda) Trading Up 2.9 %

NYSE TIXT opened at $3.87 on Wednesday. TELUS International has a 12 month low of $2.83 and a 12 month high of $11.51. The company has a current ratio of 1.02, a quick ratio of 1.09 and a debt-to-equity ratio of 0.72. The stock has a 50 day moving average of $3.75 and a 200-day moving average of $4.92. The company has a market cap of $413.43 million, a PE ratio of -75.00, a PEG ratio of 1.25 and a beta of 0.68.

TELUS International (Cda) (NYSE:TIXT) last issued its quarterly earnings results on Friday, November 8th. The company reported $0.05 EPS for the quarter, beating the consensus estimate of $0.02 by $0.03. The firm had revenue of $658.00 million during the quarter, compared to analysts’ expectations 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 firm posted $0.19 earnings per share.

Institutional Investors Weigh In On TELUS International (Cda)

Hedge funds and other institutional investors have recently modified their holdings of the company. Walleye Capital LLC acquired a new stake in shares of TELUS International (Cda) in the third quarter valued at approximately $60,000. Blue Trust Inc. grew its position in TELUS International (Cda) by 15.1% during the third quarter. Blue Trust Inc. now owns 22,428 shares of the company’s stock worth $88,000 after buying an additional 2,948 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in TELUS International (Cda) by 32.4% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 20,322 shares of the company’s stock worth $117,000 after acquiring an additional 4,973 shares during the period. XTX Topco Ltd acquired a new position in TELUS International (Cda) in the 2nd quarter valued at $191,000. Finally, National Bank of Canada FI lifted its position in shares of TELUS International (Cda) by 971.6% during the 2nd quarter. National Bank of Canada FI now owns 75,443 shares of the company’s stock valued at $441,000 after acquiring an additional 68,403 shares during the period. Institutional investors and hedge funds 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.