TELUS (TU) Projected to Post Earnings on Friday

TELUS (NYSE:TU) (TSE:T) is expected to be posting its quarterly earnings results before the market opens on Friday, February 14th. Analysts expect TELUS to post earnings of $0.16 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

TELUS (NYSE:TU) (TSE:T) last released its earnings results on Friday, November 8th. The Wireless communications provider reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.11. TELUS had a return on equity of 8.80% and a net margin of 4.56%. The business had revenue of $5.10 billion during the quarter, compared to the consensus estimate of $3.69 billion. During the same period last year, the business posted $0.19 earnings per share. The business’s revenue for the quarter was up 1.8% on a year-over-year basis. On average, analysts expect TELUS to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

TELUS Stock Performance

NYSE:TU opened at $14.60 on Friday. 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 business has a fifty day simple moving average of $14.34 and a two-hundred day simple moving average of $15.50. TELUS has a 1 year low of $13.24 and a 1 year high of $18.16. The company has a market capitalization of $21.89 billion, a P/E ratio of 31.05, a P/E/G ratio of 4.81 and a beta of 0.75.

Analyst Ratings Changes

A number of research analysts recently weighed in on TU shares. National Bank Financial lowered shares of TELUS from an “outperform” rating to a “sector perform” rating in a research note on Friday, December 13th. Scotiabank upgraded shares of TELUS from a “sector perform” rating to a “sector outperform” rating in a research note on Monday, October 28th. StockNews.com lowered shares of TELUS from a “hold” rating to a “sell” rating in a research note on Thursday, November 21st. Finally, Morgan Stanley started coverage on shares of TELUS in a research note on Monday, December 16th. They set an “equal weight” rating for the company. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, TELUS currently has an average rating of “Hold” and a consensus 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.