Wall Street brokerages predict that TELUS Co. (NYSE:TU – Get Rating) (TSE:T) will announce earnings per share (EPS) of $0.23 for the current fiscal quarter, Zacks Investment Research reports. Four 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 $0.20. TELUS reported earnings per share of $0.21 during the same quarter last year, which would suggest a positive year-over-year growth rate of 9.5%. The firm is expected to report its next quarterly earnings results before the market opens on Monday, January 1st.
According to Zacks, analysts expect that TELUS will report full-year earnings of $0.97 per share for the current year, with EPS estimates ranging from $0.90 to $1.02. For the next year, analysts anticipate that the business will post earnings of $1.10 per share, with EPS estimates ranging from $1.01 to $1.22. Zacks’ EPS calculations are a mean average based on a survey of research firms that cover TELUS.
TELUS (NYSE:TU – Get Rating) (TSE:T) last issued its quarterly earnings results on Thursday, February 10th. The Wireless communications provider reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.02). TELUS had a return on equity of 8.98% and a net margin of 9.59%. The business had revenue of $4.87 billion during the quarter, compared to analysts’ expectations of $4.42 billion. During the same quarter in the previous year, the company posted $0.17 earnings per share. The company’s quarterly revenue was up 20.0% compared to the same quarter last year.
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Mackenzie Financial Corp boosted its position in TELUS by 0.6% during the 4th quarter. Mackenzie Financial Corp now owns 32,520,733 shares of the Wireless communications provider’s stock worth $765,905,000 after acquiring an additional 186,385 shares during the last quarter. CIBC Asset Management Inc increased its stake in TELUS by 4.7% in the third quarter. CIBC Asset Management Inc now owns 25,858,385 shares of the Wireless communications provider’s stock valued at $564,495,000 after acquiring an additional 1,170,412 shares during the last quarter. 1832 Asset Management L.P. raised its stake in TELUS by 1.0% during the fourth quarter. 1832 Asset Management L.P. now owns 22,682,935 shares of the Wireless communications provider’s stock worth $534,776,000 after acquiring an additional 231,059 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of TELUS by 90.4% in 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 last quarter. Finally, Bank of Nova Scotia boosted its position in TELUS by 0.8% during the 3rd quarter. Bank of Nova Scotia now owns 20,629,835 shares of the Wireless communications provider’s stock worth $453,358,000 after buying an additional 159,042 shares during the period. 48.44% of the stock is owned by institutional investors.
Shares of TU stock opened at $24.94 on Wednesday. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.61 and a quick ratio of 0.55. TELUS has a 1-year low of $20.59 and a 1-year high of $27.50. The company has a market cap of $34.17 billion, a price-to-earnings ratio of 25.98, a price-to-earnings-growth ratio of 2.80 and a beta of 0.64. The stock’s fifty day moving average price is $26.01 and its 200 day moving average price is $24.33.
The firm also recently declared 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 annualized dividend and a yield of 4.14%. The ex-dividend date was Thursday, March 10th. TELUS’s dividend payout ratio (DPR) is presently 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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