Brokerages Anticipate TELUS Co. (NYSE:TU) to Post $0.24 EPS

Wall Street analysts expect TELUS Co. (NYSE:TUGet Rating) (TSE:T) to announce $0.24 earnings per share for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for TELUS’s earnings, with the highest EPS estimate coming in at $0.25 and the lowest estimate coming in at $0.22. TELUS reported earnings per share of $0.21 during the same quarter last year, which would indicate a positive year over year growth rate of 14.3%. The company is expected to issue its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that TELUS will report full year earnings of $0.96 per share for the current fiscal year, with EPS estimates ranging from $0.91 to $1.02. For the next financial year, analysts expect that the company will post earnings of $1.10 per share, with EPS estimates ranging from $1.03 to $1.22. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that cover TELUS.

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

A number of research analysts recently weighed in on TU shares. Desjardins boosted their target price on TELUS from C$33.00 to C$34.50 in a report on Monday, February 14th. JPMorgan Chase & Co. raised TELUS from a “neutral” rating to an “overweight” rating in a report on Monday, February 14th. Zacks Investment Research lowered TELUS from a “hold” rating to a “sell” rating and set a $24.00 target price on the stock. in a report on Tuesday, January 11th. BMO Capital Markets boosted their target price on TELUS from C$32.00 to C$34.00 in a report on Friday, February 11th. Finally, National Bank Financial boosted their target price on TELUS from C$35.00 to C$36.00 in a report on Friday, February 11th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $32.55.

Several large investors have recently added to or reduced their stakes in TU. The Manufacturers Life Insurance Company lifted its position in shares of TELUS by 90.4% during the 4th quarter. The Manufacturers Life Insurance Company now owns 21,160,698 shares of the Wireless communications provider’s stock valued at $494,846,000 after acquiring an additional 10,049,604 shares during the period. National Bank of Canada FI bought a new stake in shares of TELUS during the 4th quarter valued at $173,721,000. Norges Bank bought a new stake in shares of TELUS during the 4th quarter worth $109,397,000. Alliancebernstein L.P. lifted its position in shares of TELUS by 683.7% during the 3rd quarter. Alliancebernstein L.P. now owns 3,510,372 shares of the Wireless communications provider’s stock worth $77,088,000 after buying an additional 3,062,436 shares during the last quarter. Finally, Alberta Investment Management Corp lifted its position in shares of TELUS by 66.9% during the 4th quarter. Alberta Investment Management Corp now owns 5,268,031 shares of the Wireless communications provider’s stock worth $124,241,000 after buying an additional 2,111,731 shares during the last quarter. Hedge funds and other institutional investors own 47.75% of the company’s stock.

TU stock opened at $26.73 on Wednesday. The company has a current ratio of 0.61, a quick ratio of 0.55 and a debt-to-equity ratio of 1.12. The firm has a market capitalization of $36.62 billion, a PE ratio of 27.84, a PEG ratio of 3.00 and a beta of 0.65. TELUS has a 1-year low of $20.36 and a 1-year high of $27.50. The business’s 50 day simple moving average is $25.76 and its 200 day simple moving average is $24.00.

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

About TELUS (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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