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.
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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.
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