Brokers Issue Forecasts for TELUS FY2026 Earnings

TELUS Co. (NYSE:TU) (TSE:T) – Stock analysts at National Bank Financial issued their FY2026 EPS estimates for TELUS in a research report issued on Thursday, January 9th. National Bank Financial analyst A. Shine forecasts that the Wireless communications provider will post earnings per share of $0.72 for the year. National Bank Financial currently has a “Sector Perform” rating on the stock. The consensus estimate for TELUS’s current full-year earnings is $0.73 per share.

Several other research analysts also recently commented on the company. Scotiabank upgraded TELUS from a “sector perform” rating to a “sector outperform” rating in a research note on Monday, October 28th. Morgan Stanley started coverage on shares of TELUS in a research report on Monday, December 16th. They set an “equal weight” rating for the company. Finally, StockNews.com lowered shares of TELUS from a “hold” rating to a “sell” rating in a research report on Thursday, November 21st. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $26.00.

TELUS Price Performance

Shares of NYSE TU opened at $13.65 on Monday. The company has a quick ratio of 0.63, a current ratio of 0.69 and a debt-to-equity ratio of 1.50. The business’s 50 day moving average price is $14.77 and its two-hundred day moving average price is $15.65. The company has a market cap of $20.48 billion, a PE ratio of 29.04, a price-to-earnings-growth ratio of 2.10 and a beta of 0.74. TELUS has a twelve month low of $13.24 and a twelve month high of $18.55.

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

TELUS Increases Dividend

The company 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. The ex-dividend date of this dividend was Wednesday, December 11th. This is an increase from TELUS’s previous quarterly dividend of $0.28. This represents a $1.19 annualized dividend and a yield of 8.70%. TELUS’s payout ratio is 253.19%.

Hedge Funds Weigh In On TELUS

Institutional investors and hedge funds have recently modified their holdings of the business. 1832 Asset Management L.P. increased its stake in TELUS by 6.6% during the 2nd quarter. 1832 Asset Management L.P. now owns 38,193,733 shares of the Wireless communications provider’s stock worth $578,253,000 after acquiring an additional 2,365,753 shares during the period. National Bank of Canada FI grew its holdings in shares of TELUS by 24.2% during the 3rd quarter. National Bank of Canada FI now owns 26,160,789 shares of the Wireless communications provider’s stock worth $438,922,000 after purchasing an additional 5,094,269 shares in the last quarter. Fiera Capital Corp increased its position in shares of TELUS by 1.3% in the third quarter. Fiera Capital Corp now owns 16,882,528 shares of the Wireless communications provider’s stock worth $283,854,000 after purchasing an additional 211,815 shares during the period. Toronto Dominion Bank raised its stake in TELUS by 5.4% in the second quarter. Toronto Dominion Bank now owns 12,472,610 shares of the Wireless communications provider’s stock valued at $188,835,000 after purchasing an additional 636,845 shares in the last quarter. Finally, Janus Henderson Group PLC lifted its position in TELUS by 0.7% during the third quarter. Janus Henderson Group PLC now owns 6,701,819 shares of the Wireless communications provider’s stock worth $112,610,000 after purchasing an additional 49,088 shares during the period. 49.40% of the stock is currently owned by institutional investors and hedge funds.

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.