TELUS Co. (NYSE:TU) Expected to Post Quarterly Sales of $3.44 Billion

Brokerages expect that TELUS Co. (NYSE:TUGet Rating) (TSE:T) will report $3.44 billion in sales for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for TELUS’s earnings, with estimates ranging from $3.42 billion to $3.45 billion. TELUS reported sales of $3.09 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 11.3%. The firm is expected to report its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that TELUS will report full-year sales of $14.40 billion for the current fiscal year, with estimates ranging from $14.29 billion to $14.46 billion. For the next year, analysts anticipate that the business will post sales of $15.45 billion, with estimates ranging from $15.24 billion to $15.61 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that follow TELUS.

TELUS (NYSE:TUGet Rating) (TSE:T) last released its quarterly earnings results on Thursday, February 10th. The Wireless communications provider reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.02). The firm had revenue of $4.87 billion for the quarter, compared to analysts’ expectations of $4.42 billion. TELUS had a return on equity of 8.98% and a net margin of 9.59%. TELUS’s revenue for the quarter was up 20.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.17 earnings per share.

Several research firms recently commented on TU. Bank of America lowered shares of TELUS from a “buy” rating to an “underperform” rating and reduced their price objective for the stock from $38.00 to $35.00 in a research note on Friday, January 7th. TD Securities downgraded shares of TELUS from a “buy” rating to a “hold” rating in a report on Monday, March 7th. National Bank Financial raised their price target on shares of TELUS from C$35.00 to C$36.00 in a research report on Friday, February 11th. Royal Bank of Canada lifted their target price on shares of TELUS from C$32.00 to C$36.00 in a research report on Friday, February 11th. Finally, BMO Capital Markets boosted their price target on shares of TELUS from C$32.00 to C$34.00 in a research report on Friday, February 11th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $32.55.

A number of hedge funds and other institutional investors have recently bought and sold shares of TU. Eaton Vance Management grew its position in shares of TELUS by 18.3% during the fourth quarter. Eaton Vance Management now owns 4,708 shares of the Wireless communications provider’s stock worth $27,000 after buying an additional 728 shares in the last quarter. Spire Wealth Management boosted its holdings in shares of TELUS by 134.8% during the fourth quarter. Spire Wealth Management now owns 1,174 shares of the Wireless communications provider’s stock valued at $28,000 after acquiring an additional 674 shares during the period. Citizens National Bank Trust Department bought a new stake in shares of TELUS during the fourth quarter valued at about $33,000. Richwood Investment Advisors LLC bought a new stake in shares of TELUS during the fourth quarter valued at about $49,000. Finally, Northwestern Mutual Wealth Management Co. raised its stake in shares of TELUS by 76.4% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,390 shares of the Wireless communications provider’s stock valued at $56,000 after purchasing an additional 1,035 shares in the last quarter. Hedge funds and other institutional investors own 47.75% of the company’s stock.

Shares of TU opened at $26.73 on Friday. The company has a 50 day moving average price of $25.71 and a 200-day moving average price of $23.96. TELUS has a fifty-two week low of $20.36 and a fifty-two week high of $27.50. The stock has a market capitalization of $36.62 billion, a PE ratio of 27.84, a PEG ratio of 2.97 and a beta of 0.65. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.55 and a current ratio of 0.61.

The company also recently declared a quarterly dividend, which was paid on Friday, April 1st. Shareholders of record on Friday, March 11th were paid a dividend of $0.258 per share. The ex-dividend date of this dividend was Thursday, March 10th. This represents a $1.03 annualized dividend and a dividend yield of 3.86%. TELUS’s dividend payout ratio is currently 107.29%.

TELUS Company Profile (Get Rating)

TELUS Corporation, together with its subsidiaries, provides a range of telecommunications and information technology products and services in Canada. It operates through Technology Solutions and Digitally-Led Customer Experiences segments. The Technology Solutions segment offers a range of telecommunications products and services; network revenue; equipment sales from mobile technologies; data services revenues, such as internet protocol; television; hosting, managed information technology, and cloud-based services; customer care and business services; healthcare solutions; and home and business security, agriculture, voice, and other telecommunications services.

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Earnings History and Estimates for TELUS (NYSE:TU)

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