TELUS Co. (NYSE:TU) Expected to Post Earnings of $0.23 Per Share

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.

TU has been the topic of a number of analyst reports. StockNews.com cut shares of TELUS from a “hold” rating to a “sell” rating in a research note on Tuesday. Scotiabank boosted their price target on shares of TELUS from C$36.00 to C$38.00 in a research note on Friday, February 11th. Bank of America cut TELUS from a “buy” rating to an “underperform” rating and lowered their target price for the stock from $38.00 to $35.00 in a research note on Friday, January 7th. Royal Bank of Canada raised their price objective on shares of TELUS from C$32.00 to C$36.00 in a report on Friday, February 11th. Finally, TD Securities cut shares of TELUS from a “buy” rating to a “hold” rating in a report on Monday, March 7th. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $32.55.

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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