National Bank Financial Comments on TELUS FY2024 Earnings

TELUS Co. (TSE:T) (NYSE:TU) – Investment analysts at National Bank Financial upped their FY2024 earnings per share (EPS) estimates for shares of TELUS in a report released on Sunday, November 10th. National Bank Financial analyst A. Shine now forecasts that the company will post earnings of $1.01 per share for the year, up from their prior forecast of $0.97. The consensus estimate for TELUS’s current full-year earnings is $1.23 per share. National Bank Financial also issued estimates for TELUS’s FY2025 earnings at $1.02 EPS.

Other analysts also recently issued research reports about the company. BMO Capital Markets boosted their price target on TELUS from C$24.00 to C$25.00 in a research note on Thursday, September 5th. Canaccord Genuity Group downgraded TELUS from a “buy” rating to a “hold” rating and dropped their price target for the company from C$23.00 to C$21.50 in a research note on Tuesday, August 6th. Barclays dropped their price target on TELUS from C$24.00 to C$23.00 in a research note on Wednesday, October 9th. Cormark dropped their price target on TELUS from C$26.00 to C$25.00 in a research note on Monday. Finally, Scotiabank raised TELUS from a “sector perform” rating to an “outperform” rating in a report on Monday, October 28th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, TELUS presently has a consensus rating of “Moderate Buy” and an average target price of C$24.46.

TELUS Stock Down 0.3 %

Shares of T stock opened at C$21.81 on Wednesday. TELUS has a 1-year low of C$20.04 and a 1-year high of C$25.94. The stock’s fifty day moving average price is C$22.32 and its 200 day moving average price is C$22.06. The company has a debt-to-equity ratio of 171.58, a current ratio of 0.66 and a quick ratio of 0.52. The company has a market cap of C$32.28 billion, a price-to-earnings ratio of 41.28, a price-to-earnings-growth ratio of 1.65 and a beta of 0.72.

TELUS Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Wednesday, December 11th will be issued a dividend of $0.402 per share. This is a positive change from TELUS’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend is Wednesday, December 11th. This represents a $1.61 annualized dividend and a dividend yield of 7.37%. TELUS’s dividend payout ratio (DPR) is presently 294.34%.

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.