TELUS Co. (NYSE:TU) Expected to Announce Quarterly Sales of $2.88 Billion

Equities analysts predict that TELUS Co. (NYSE:TU) (TSE:T) will announce sales of $2.88 billion for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for TELUS’s earnings. The lowest sales estimate is $2.86 billion and the highest is $2.90 billion. TELUS posted sales of $2.89 billion during the same quarter last year, which would indicate a negative year over year growth rate of 0.3%. The business is scheduled to issue its next earnings report on Thursday, November 14th.

On average, analysts expect that TELUS will report full-year sales of $11.15 billion for the current year, with estimates ranging from $11.09 billion to $11.26 billion. For the next year, analysts forecast that the company will post sales of $11.55 billion, with estimates ranging from $11.48 billion to $11.68 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for TELUS.

TELUS (NYSE:TU) (TSE:T) last issued its earnings results on Friday, August 2nd. The Wireless communications provider reported $0.53 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.01). The company had revenue of $2.75 billion during the quarter, compared to analysts’ expectations of $2.69 billion. TELUS had a return on equity of 16.75% and a net margin of 11.91%.

A number of brokerages have recently commented on TU. Citigroup cut shares of TELUS from a “buy” rating to a “neutral” rating in a research note on Wednesday, July 3rd. Canaccord Genuity cut shares of TELUS from a “buy” rating to a “hold” rating in a research note on Monday, July 22nd. Finally, Zacks Investment Research upgraded shares of TELUS from a “sell” rating to a “hold” rating in a research note on Tuesday, May 14th. Five analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $41.00.

NYSE:TU traded down $0.16 during trading hours on Friday, reaching $36.49. The company had a trading volume of 402,584 shares, compared to its average volume of 404,213. TELUS has a 1-year low of $32.46 and a 1-year high of $38.32. The firm has a market cap of $22.01 billion, a PE ratio of 17.05, a price-to-earnings-growth ratio of 2.08 and a beta of 0.69. The business’s 50 day moving average price is $36.11 and its 200-day moving average price is $36.63. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.71 and a quick ratio of 0.66.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Tuesday, September 10th will be paid a $0.426 dividend. This represents a $1.70 annualized dividend and a dividend yield of 4.67%. The ex-dividend date is Monday, September 9th. This is a positive change from TELUS’s previous quarterly dividend of $0.42. TELUS’s payout ratio is currently 78.97%.

Several institutional investors have recently bought and sold shares of the company. Kempen Capital Management N.V. acquired a new stake in TELUS in the 2nd quarter valued at $45,000. Northwestern Mutual Wealth Management Co. purchased a new position in TELUS during the first quarter valued at $54,000. Lindbrook Capital LLC acquired a new stake in shares of TELUS in the second quarter valued at about $68,000. Neuburgh Advisers LLC grew its position in shares of TELUS by 13.2% in the second quarter. Neuburgh Advisers LLC now owns 3,152 shares of the Wireless communications provider’s stock valued at $112,000 after purchasing an additional 368 shares during the period. Finally, Aperio Group LLC acquired a new stake in shares of TELUS in the second quarter valued at about $116,000. Institutional investors and hedge funds own 54.42% of the company’s stock.

TELUS Company Profile

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 cloud-based services; healthcare solutions; customer care and business services; and home and business security solutions.

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Earnings History and Estimates for TELUS (NYSE:TU)

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