Desjardins Research Analysts Lower Earnings Estimates for TELUS Co. (TU)

TELUS Co. (NYSE:TU) (TSE:T) – Desjardins decreased their FY2018 earnings estimates for shares of TELUS in a report issued on Friday, November 9th. Desjardins analyst M. Yaghi now expects that the Wireless communications provider will post earnings per share of $2.20 for the year, down from their previous estimate of $2.22. Desjardins has a “Buy” rating on the stock. Desjardins also issued estimates for TELUS’s FY2019 earnings at $2.40 EPS.

TELUS (NYSE:TU) (TSE:T) last released its earnings results on Thursday, November 8th. The Wireless communications provider reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.03. The business had revenue of $3.77 billion for the quarter, compared to the consensus estimate of $3.59 billion. TELUS had a net margin of 10.82% and a return on equity of 17.51%. The firm’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same period last year, the firm posted $0.66 earnings per share.

TU has been the subject of several other reports. Scotiabank cut shares of TELUS from an “outperform” rating to a “sector perform” rating in a report on Wednesday, October 10th. Barclays restated a “buy” rating and set a $40.00 price target on shares of TELUS in a report on Sunday. Finally, TD Securities restated a “buy” rating on shares of TELUS in a report on Friday, November 9th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company’s stock. TELUS has an average rating of “Hold” and an average target price of $45.50.

TELUS stock opened at $34.91 on Monday. The company has a current ratio of 0.83, a quick ratio of 0.76 and a debt-to-equity ratio of 1.31. The company has a market capitalization of $20.77 billion, a PE ratio of 17.20, a PEG ratio of 2.02 and a beta of 0.80. TELUS has a fifty-two week low of $33.64 and a fifty-two week high of $38.50.

Hedge funds have recently bought and sold shares of the stock. Glassman Wealth Services acquired a new stake in shares of TELUS during the third quarter worth approximately $110,000. Cubist Systematic Strategies LLC acquired a new stake in TELUS in the first quarter valued at approximately $125,000. Chicago Partners Investment Group LLC lifted its stake in TELUS by 100.0% in the third quarter. Chicago Partners Investment Group LLC now owns 4,700 shares of the Wireless communications provider’s stock valued at $160,000 after acquiring an additional 2,350 shares during the last quarter. Riverhead Capital Management LLC lifted its stake in TELUS by 95.7% in the third quarter. Riverhead Capital Management LLC now owns 4,500 shares of the Wireless communications provider’s stock valued at $164,000 after acquiring an additional 2,200 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in TELUS by 53.6% in the second quarter. PNC Financial Services Group Inc. now owns 5,809 shares of the Wireless communications provider’s stock valued at $207,000 after acquiring an additional 2,026 shares during the last quarter. Institutional investors and hedge funds own 50.16% of the company’s stock.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 2nd. Investors of record on Tuesday, December 11th will be issued a dividend of $0.4158 per share. This is a boost from TELUS’s previous quarterly dividend of $0.40. This represents a $1.66 annualized dividend and a dividend yield of 4.76%. The ex-dividend date of this dividend is Monday, December 10th. TELUS’s dividend payout ratio (DPR) is currently 79.31%.

About TELUS

TELUS Corporation, together with its subsidiaries, provides a range of telecommunications products and services in Canada. It operates through Wireless and Wireline segments. The company's telecommunications products and services comprise wireless and wireline voice and data services; data services, including Internet protocol; television services; hosting, managed information technology, and security and cloud-based services; healthcare solutions; business process outsourcing; and security solutions.

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Earnings History and Estimates for TELUS (NYSE:TU)

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