What is Stifel Canada’s Estimate for TIXT FY2024 Earnings?

TELUS International (Cda) Inc. (NYSE:TIXT) – Equities research analysts at Stifel Canada issued their FY2024 earnings per share estimates for TELUS International (Cda) in a research note issued on Wednesday, January 15th. Stifel Canada analyst S. Sukumar anticipates that the company will post earnings per share of $0.42 for the year. Stifel Canada has a “Strong-Buy” rating on the stock. The consensus estimate for TELUS International (Cda)’s current full-year earnings is $0.43 per share. Stifel Canada also issued estimates for TELUS International (Cda)’s Q4 2024 earnings at ($0.01) EPS, FY2025 earnings at $0.42 EPS and FY2026 earnings at $0.62 EPS.

A number of other equities analysts have also recently weighed in on TIXT. Desjardins raised shares of TELUS International (Cda) to a “hold” rating in a research report on Thursday, September 26th. Stifel Nicolaus started coverage on TELUS International (Cda) in a report on Thursday, January 16th. They set a “buy” rating and a $5.00 target price on the stock. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $7.20.

TELUS International (Cda) Trading Down 2.6 %

Shares of TIXT opened at $3.55 on Monday. The stock’s fifty day simple moving average is $3.73 and its 200-day simple moving average is $4.05. The firm has a market capitalization of $975.43 million, a PE ratio of -70.94, a price-to-earnings-growth ratio of 1.11 and a beta of 0.67. TELUS International has a 12-month low of $2.83 and a 12-month high of $11.51. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.72.

TELUS International (Cda) (NYSE:TIXT) last issued its 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. TELUS International (Cda) had a net margin of 1.17% and a return on equity of 9.67%. The company had revenue of $658.00 million for the quarter, compared to the consensus estimate of $650.10 million. During the same quarter in the previous year, the company earned $0.19 EPS.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of TIXT. Blue Trust Inc. grew 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 worth $88,000 after purchasing an additional 2,948 shares in the last quarter. Marshall Wace LLP boosted its stake in shares of TELUS International (Cda) by 2.3% in the 2nd 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 last quarter. DGS Capital Management LLC grew its holdings in shares of TELUS International (Cda) by 16.4% in the third quarter. DGS Capital Management LLC now owns 36,742 shares of the company’s stock valued at $144,000 after acquiring an additional 5,164 shares in the last quarter. Virtu Financial LLC purchased a new stake in shares of TELUS International (Cda) during the third quarter valued at approximately $54,000. Finally, Walleye Capital LLC bought a new stake in TELUS International (Cda) during the third quarter worth $60,000. Institutional investors 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.