Analysts Set Expectations for TELUS’s Q4 Earnings (NYSE:TU)

TELUS Co. (NYSE:TU) (TSE:T) – Stock analysts at Desjardins decreased their Q4 2024 EPS estimates for shares of TELUS in a report released on Monday, November 11th. Desjardins analyst J. Dubreuil now anticipates that the Wireless communications provider will earn $0.14 per share for the quarter, down from their prior forecast of $0.16. The consensus estimate for TELUS’s current full-year earnings is $0.78 per share.

Other equities research analysts have also recently issued research reports about the company. Canaccord Genuity Group cut TELUS from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Scotiabank upgraded shares of TELUS from a “sector perform” rating to a “sector outperform” rating in a research note on Monday, October 28th. Finally, StockNews.com upgraded shares of TELUS from a “sell” rating to a “hold” rating in a research note on Friday, September 6th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, TELUS currently has an average rating of “Hold” and a consensus price target of $26.00.

TELUS Stock Down 0.6 %

TELUS stock opened at $15.58 on Wednesday. The stock has a 50 day moving average of $16.31 and a two-hundred day moving average of $16.12. TELUS has a twelve month low of $14.63 and a twelve month high of $19.14. The stock has a market capitalization of $23.24 billion, a price-to-earnings ratio of 33.14, a PEG ratio of 2.12 and a beta of 0.75. The company has a current ratio of 0.69, a quick ratio of 0.61 and a debt-to-equity ratio of 1.50.

TELUS (NYSE:TU) (TSE:T) last announced its earnings results on Friday, November 8th. The Wireless communications provider reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.11. The business had revenue of $5.10 billion during the quarter, compared to the consensus estimate of $3.69 billion. TELUS had a net margin of 4.56% and a return on equity of 8.80%. The business’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.19 earnings per share.

Institutional Trading of TELUS

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. 1832 Asset Management L.P. grew its holdings in TELUS by 6.6% in the second quarter. 1832 Asset Management L.P. now owns 38,193,733 shares of the Wireless communications provider’s stock valued at $578,253,000 after purchasing an additional 2,365,753 shares during the last quarter. Fiera Capital Corp grew its stake in TELUS by 9.9% in the 2nd quarter. Fiera Capital Corp now owns 16,670,713 shares of the Wireless communications provider’s stock valued at $252,468,000 after acquiring an additional 1,501,742 shares during the last quarter. National Bank of Canada FI increased its holdings in TELUS by 7.2% during the 1st quarter. National Bank of Canada FI now owns 21,461,769 shares of the Wireless communications provider’s stock valued at $345,330,000 after acquiring an additional 1,438,904 shares in the last quarter. TD Asset Management Inc raised its position in TELUS by 3.0% during the second quarter. TD Asset Management Inc now owns 41,711,861 shares of the Wireless communications provider’s stock worth $631,310,000 after acquiring an additional 1,208,720 shares during the last quarter. Finally, Guardian Capital LP raised its position in TELUS by 27.8% during the first quarter. Guardian Capital LP now owns 5,486,529 shares of the Wireless communications provider’s stock worth $87,857,000 after acquiring an additional 1,195,035 shares during the last quarter. Institutional investors and hedge funds own 49.40% of the company’s stock.

TELUS Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Wednesday, December 11th will be issued a dividend of $0.297 per share. This represents a $1.19 dividend on an annualized basis and a yield of 7.63%. The ex-dividend date of this dividend is Wednesday, December 11th. This is a positive change from TELUS’s previous quarterly dividend of $0.28. TELUS’s dividend payout ratio is currently 244.69%.

TELUS Company Profile

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 services; healthcare services; mobile technologies equipment; data services, such as internet protocol; television; hosting, managed information technology, and cloud-based services; software, data management, and data analytics-driven smart food-chain and consumer goods technologies; home and business security; healthcare software and technology solutions; and voice and other telecommunications services, as well as mobile and fixed voice and data telecommunications services and products.