What is Cormark’s Forecast for TELUS Q3 Earnings?

TELUS Co. (TSE:T) (NYSE:TU) – Equities researchers at Cormark issued their Q3 2024 EPS estimates for TELUS in a research report issued on Monday, October 21st. Cormark analyst D. Mcfadgen forecasts that the company will post earnings of $0.22 per share for the quarter. The consensus estimate for TELUS’s current full-year earnings is $1.23 per share.

T has been the subject of several other reports. Barclays decreased their price objective on shares of TELUS from C$24.00 to C$23.00 in a report on Wednesday, October 9th. National Bankshares reduced their price target on shares of TELUS from C$25.00 to C$23.00 and set an “outperform” rating on the stock in a research report on Wednesday, June 26th. Scotiabank cut their price objective on shares of TELUS from C$24.25 to C$24.00 in a research report on Tuesday, August 6th. CIBC dropped their price target on shares of TELUS from C$25.00 to C$24.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 6th. Finally, JPMorgan Chase & Co. dropped their price target on shares of TELUS from C$24.00 to C$23.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 10th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of C$24.54.

TELUS Price Performance

TELUS stock opened at C$22.37 on Wednesday. TELUS has a 52-week low of C$20.04 and a 52-week high of C$25.94. The firm has a fifty day moving average of C$22.31 and a 200-day moving average of C$22.06. The firm has a market capitalization of C$33.11 billion, a P/E ratio of 42.21, a PEG ratio of 1.65 and a beta of 0.72. The company has a quick ratio of 0.52, a current ratio of 0.66 and a debt-to-equity ratio of 171.58.

TELUS (TSE:T) (NYSE:TU) last announced its quarterly earnings data on Friday, August 2nd. The company reported C$0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.24 by C$0.01. The business had revenue of C$4.97 billion for the quarter, compared to the consensus estimate of C$5.04 billion. TELUS had a net margin of 3.91% and a return on equity of 4.67%.

TELUS Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 10th were given a dividend of $0.389 per share. The ex-dividend date was Tuesday, September 10th. This represents a $1.56 dividend on an annualized basis and a yield of 6.96%. TELUS’s payout ratio is presently 294.34%.

Insider Buying and Selling at TELUS

In other TELUS news, Director Marc Parent bought 10,530 shares of the stock in a transaction that occurred on Monday, August 12th. The stock was acquired at an average cost of C$22.52 per share, with a total value of C$237,135.60. Corporate insiders own 0.02% of the company’s stock.

About TELUS

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.