Brokers Issue Forecasts for TELUS’s Q4 Earnings (NYSE:TU)

TELUS Co. (NYSE:TU) (TSE:T) – Equities researchers at Desjardins cut their Q4 2024 earnings per share (EPS) estimates for shares of TELUS in a research note issued to investors on Monday, November 11th. Desjardins analyst J. Dubreuil now forecasts that the Wireless communications provider will post earnings of $0.14 per share for the quarter, down from their previous forecast of $0.16. The consensus estimate for TELUS’s current full-year earnings is $0.78 per share.

Several other research analysts have also commented on the stock. Scotiabank raised shares of TELUS from a “sector perform” rating to a “sector outperform” rating in a research note on Monday, October 28th. Canaccord Genuity Group downgraded shares of TELUS from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Finally, StockNews.com upgraded TELUS from a “sell” rating to a “hold” rating in a research note on Friday, September 6th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $26.00.

TELUS Stock Down 0.6 %

Shares of TU opened at $15.58 on Wednesday. The company’s 50-day moving average price is $16.31 and its 200 day moving average price is $16.12. TELUS has a 12-month low of $14.63 and a 12-month high of $19.14. The company has a current ratio of 0.69, a quick ratio of 0.61 and a debt-to-equity ratio of 1.50. The firm has a market cap of $23.24 billion, a P/E ratio of 33.14, a price-to-earnings-growth ratio of 2.12 and a beta of 0.75.

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

TELUS Increases Dividend

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

Institutional Trading of TELUS

A number of institutional investors have recently bought and sold shares of the business. BNP Paribas Financial Markets raised its holdings in TELUS by 188.7% during the third quarter. BNP Paribas Financial Markets now owns 135,825 shares of the Wireless communications provider’s stock worth $2,279,000 after purchasing an additional 88,771 shares in the last quarter. FMR LLC raised its stake in TELUS by 192.0% during the 3rd quarter. FMR LLC now owns 1,326,632 shares of the Wireless communications provider’s stock worth $22,257,000 after acquiring an additional 872,235 shares in the last quarter. Mirabella Financial Services LLP purchased a new stake in TELUS in the third quarter valued at $4,521,000. Cerity Partners LLC lifted its position in TELUS by 7.5% in the third quarter. Cerity Partners LLC now owns 42,341 shares of the Wireless communications provider’s stock valued at $710,000 after acquiring an additional 2,964 shares during the last quarter. Finally, Citigroup Inc. boosted its stake in TELUS by 15.4% in the third quarter. Citigroup Inc. now owns 390,486 shares of the Wireless communications provider’s stock valued at $6,558,000 after acquiring an additional 52,105 shares in the last quarter. 49.40% of the stock is owned by hedge funds and other institutional investors.

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.