TELUS (TU) Projected to Post Earnings on Thursday

TELUS (NYSE:TU) (TSE:T) will likely be posting its quarterly earnings results before the market opens on Thursday, February 6th. Analysts expect TELUS to post earnings of $0.16 per share and revenue of $3.79 billion for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

TELUS (NYSE:TU) (TSE:T) last announced 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 business had revenue of $5.10 billion for the quarter, compared to analyst estimates of $3.69 billion. TELUS had a return on equity of 8.80% and a net margin of 4.56%. TELUS’s quarterly revenue was up 1.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.19 EPS. On average, analysts expect TELUS to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

TELUS Price Performance

Shares of TU stock opened at $14.44 on Thursday. The stock’s fifty day simple moving average is $14.43 and its 200 day simple moving average is $15.55. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.69 and a quick ratio of 0.63. The firm has a market cap of $21.65 billion, a price-to-earnings ratio of 30.71, a P/E/G ratio of 4.69 and a beta of 0.74. TELUS has a one year low of $13.24 and a one year high of $18.24.

TELUS Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Wednesday, December 11th were paid a $0.297 dividend. This is a positive change from TELUS’s previous quarterly dividend of $0.28. The ex-dividend date was Wednesday, December 11th. This represents a $1.19 annualized dividend and a yield of 8.23%. TELUS’s payout ratio is currently 242.56%.

Wall Street Analyst Weigh In

TU has been the topic of several recent analyst reports. Scotiabank raised TELUS from a “sector perform” rating to a “sector outperform” rating in a research note on Monday, October 28th. StockNews.com lowered TELUS from a “hold” rating to a “sell” rating in a research note on Thursday, November 21st. Morgan Stanley began coverage on TELUS in a research note on Monday, December 16th. They issued an “equal weight” rating on the stock. Finally, National Bank Financial lowered TELUS from an “outperform” rating to a “sector perform” rating in a research note on Friday, December 13th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $26.00.

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.