Wall Street analysts expect TELUS Co. (NYSE:TU) (TSE:T) to report earnings per share (EPS) of $0.55 for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have issued estimates for TELUS’s earnings. TELUS posted earnings per share of $0.51 in the same quarter last year, which would indicate a positive year over year growth rate of 7.8%. The company is scheduled to report its next earnings results on Thursday, May 4th.
On average, analysts expect that TELUS will report full-year earnings of $2.05 per share for the current year, with EPS estimates ranging from $1.96 to $2.11. For the next financial year, analysts forecast that the firm will report earnings of $2.18 per share, with EPS estimates ranging from $2.05 to $2.38. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for TELUS.
TELUS (NYSE:TU) last issued its earnings results on Thursday, February 9th. The Wireless communications provider reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by $0.04. The firm earned $3.30 billion during the quarter, compared to analyst estimates of $3.22 billion. TELUS had a net margin of 9.58% and a return on equity of 19.03%. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.34 earnings per share.
TU has been the subject of a number of research analyst reports. Canaccord Genuity raised TELUS from a “hold” rating to a “buy” rating in a report on Thursday, January 5th. Zacks Investment Research cut TELUS from a “buy” rating to a “sell” rating in a report on Monday, January 9th. National Bank Financial raised TELUS from a “sector perform” rating to an “outperform” rating in a report on Tuesday, February 7th. Barclays PLC boosted their price target on TELUS to $38.00 and gave the stock a “buy” rating in a report on Friday, February 10th. Finally, CIBC raised TELUS from a “sector perform” rating to a “sector outperform” rating in a report on Wednesday, April 5th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $42.50.
Shares of TELUS (NYSE:TU) traded up 0.40% on Monday, hitting $32.79. The company had a trading volume of 531,902 shares. The firm has a 50-day moving average price of $32.41 and a 200 day moving average price of $32.39. TELUS has a 12-month low of $30.31 and a 12-month high of $34.12. The company has a market capitalization of $19.35 billion, a P/E ratio of 21.36 and a beta of 0.89.
The company also recently announced a quarterly dividend, which was paid on Monday, April 3rd. Shareholders of record on Friday, March 10th were issued a $0.3668 dividend. The ex-dividend date of this dividend was Wednesday, March 8th. This represents a $1.47 dividend on an annualized basis and a yield of 4.47%. TELUS’s payout ratio is presently 91.67%.
A number of institutional investors have recently modified their holdings of TU. Trust Co. of Vermont purchased a new position in shares of TELUS during the third quarter worth about $152,000. Assenagon Asset Management S.A. purchased a new position in shares of TELUS during the fourth quarter worth about $201,000. 1st Global Advisors Inc. purchased a new position in shares of TELUS during the third quarter worth about $221,000. Raymond James Trust N.A. boosted its position in shares of TELUS by 7.3% in the first quarter. Raymond James Trust N.A. now owns 6,854 shares of the Wireless communications provider’s stock worth $222,000 after buying an additional 465 shares during the last quarter. Finally, Nuveen Fund Advisors LLC purchased a new position in shares of TELUS during the third quarter worth about $229,000. 54.15% of the stock is owned by institutional investors and hedge funds.
COPYRIGHT VIOLATION NOTICE: This news story was posted by WKRB News and is owned by of WKRB News. If you are accessing this news story on another site, it was copied illegally and republished in violation of United States & international copyright & trademark laws. The correct version of this news story can be viewed at http://www.wkrb13.com/markets/2065332/0-55-eps-expected-for-telus-co-tu-this-quarter.html.
TELUS Company Profile
TELUS Corporation (TELUS) is a telecommunications company. The Company provides a range of telecommunications services and products, including wireless and wireline voice and data. Its data services include Internet protocol (IP), television (TV), hosting, managed information technology and cloud-based services, and certain healthcare solutions.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
This story was originally published by WKRB News (http://www.wkrb13.com) and is the sole property of WKRB News. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at http://www.wkrb13.com/markets/2065332/0-55-eps-expected-for-telus-co-tu-this-quarter.html
Receive News & Ratings for TELUS Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TELUS Co. and related companies with MarketBeat.com's FREE daily email newsletter.