William Blair Analysts Reduce Earnings Estimates for TIXT

TELUS International (Cda) Inc. (NYSE:TIXT) – Analysts at William Blair decreased their Q4 2024 earnings per share estimates for shares of TELUS International (Cda) in a research report issued on Monday, November 11th. William Blair analyst M. Nolan now forecasts that the company will earn ($0.04) per share for the quarter, down from their prior forecast of $0.04. William Blair 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.

TELUS International (Cda) (NYSE:TIXT) last announced its earnings results on Friday, November 8th. The company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.03. TELUS International (Cda) had a return on equity of 9.67% and a net margin of 1.17%. The company had revenue of $658.00 million during the quarter, compared to analyst estimates of $650.10 million. During the same period last year, the company posted $0.19 earnings per share.

Other equities research analysts have also recently issued reports about the company. TD Securities reissued a “hold” rating and issued a $3.75 target price (down from $10.00) on shares of TELUS International (Cda) in a research note on Tuesday, August 6th. Scotiabank dropped their price objective on TELUS International (Cda) from $10.00 to $5.00 and set a “sector perform” rating for the company in a report on Wednesday, August 7th. Barclays cut their target price on shares of TELUS International (Cda) from $7.00 to $5.00 and set an “equal weight” rating on the stock in a research report on Monday, August 5th. Desjardins upgraded shares of TELUS International (Cda) to a “hold” rating in a research report on Thursday, September 26th. Finally, TD Cowen lowered shares of 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 report on Tuesday, August 6th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $7.37.

TELUS International (Cda) Stock Performance

Shares of TELUS International (Cda) stock opened at $3.87 on Wednesday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.02 and a quick ratio of 1.09. The firm has a 50 day simple moving average of $3.75 and a 200 day simple moving average of $4.92. TELUS International has a fifty-two week low of $2.83 and a fifty-two week high of $11.51. The firm has a market cap of $413.43 million, a P/E ratio of -75.00, a P/E/G ratio of 1.25 and a beta of 0.68.

Hedge Funds Weigh In On TELUS International (Cda)

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