Q2 2022 Earnings Forecast for TELUS Co. (TSE:T) Issued By Desjardins

TELUS Co. (TSE:T – Get Rating) (NYSE:TU) – Stock analysts at Desjardins reduced their Q2 2022 EPS estimates for TELUS in a research note issued to investors on Monday, May 9th. Desjardins analyst J. Dubreuil now anticipates that the company will post earnings of $0.30 per share for the quarter, down from their prior estimate of $0.31. Desjardins also issued estimates for TELUS’s Q4 2022 earnings at $0.30 EPS.

TELUS (TSE:T – Get Rating) (NYSE:TU) last issued its quarterly earnings data on Thursday, February 10th. The company reported C$0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.25 by C($0.02). The business had revenue of C$4.87 billion during the quarter, compared to analyst estimates of C$4.40 billion.

Several other research firms also recently commented on T. National Bankshares raised their price objective on TELUS from C$35.00 to C$36.00 in a report on Friday, February 11th. Royal Bank of Canada raised their price objective on TELUS from C$36.00 to C$37.00 in a report on Monday, April 11th. CIBC downgraded TELUS from an “outperform” rating to a “hold” rating and raised their price objective for the stock from C$33.50 to C$34.00 in a report on Friday, April 22nd. TD Securities cut TELUS from a “buy” rating to a “hold” rating and set a C$34.00 target price on the stock. in a research report on Monday, March 7th. Finally, JPMorgan Chase & Co. raised TELUS from a “neutral” rating to a “buy” rating and increased their target price for the company from C$30.00 to C$36.00 in a research report on Monday, February 14th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, TELUS presently has a consensus rating of “Buy” and an average price target of C$34.09.

Shares of TSE T opened at C$31.81 on Tuesday. The company has a debt-to-equity ratio of 131.14, a quick ratio of 0.49 and a current ratio of 0.61. The business’s 50 day moving average price is C$32.90 and its 200-day moving average price is C$30.90. TELUS has a fifty-two week low of C$25.99 and a fifty-two week high of C$34.65. The company has a market cap of C$43.59 billion and a price-to-earnings ratio of 26.07.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 4th. Shareholders of record on Friday, June 10th will be paid a dividend of $0.339 per share. The ex-dividend date of this dividend is Thursday, June 9th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 4.26%. This is a positive change from TELUS’s previous quarterly dividend of $0.33. TELUS’s dividend payout ratio (DPR) is presently 104.18%.

In related news, Senior Officer Douglas French sold 7,240 shares of TELUS stock in a transaction dated Friday, February 25th. The stock was sold at an average price of C$32.04, for a total value of C$231,957.29. Following the completion of the transaction, the insider now owns 94,783 shares in the company, valued at approximately C$3,036,686.19.

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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