Cormark Has Positive Outlook of TELUS FY2025 Earnings

TELUS Co. (NYSE:TU) (TSE:T) – Analysts at Cormark lifted their FY2025 earnings per share (EPS) estimates for TELUS in a note issued to investors on Tuesday, March 4th. Cormark analyst D. Mcfadgen now expects that the Wireless communications provider will earn $0.69 per share for the year, up from their prior forecast of $0.66. Cormark has a “Hold” rating on the stock. The consensus estimate for TELUS’s current full-year earnings is $0.71 per share. Cormark also issued estimates for TELUS’s FY2026 earnings at $0.75 EPS.

Other analysts also recently issued reports about the stock. National Bank Financial downgraded shares of TELUS from an “outperform” rating to a “sector perform” rating in a research note on Friday, December 13th. Morgan Stanley started coverage on shares of TELUS in a research note on Monday, December 16th. They set an “equal weight” rating on the stock. Finally, StockNews.com raised shares of TELUS from a “sell” rating to a “hold” rating in a research note on Monday, February 10th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, TELUS presently has a consensus rating of “Hold” and an average target price of $26.00.

TELUS Price Performance

Shares of NYSE:TU opened at $15.38 on Wednesday. TELUS has a one year low of $13.24 and a one year high of $17.77. The stock has a fifty day moving average of $14.50 and a 200-day moving average of $15.37. The company has a market capitalization of $23.06 billion, a PE ratio of 31.38, a price-to-earnings-growth ratio of 5.18 and a beta of 0.72. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.61 and a current ratio of 0.68.

TELUS (NYSE:TU) (TSE:T) last released its earnings results on Thursday, February 13th. The Wireless communications provider reported $0.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.02. The firm had revenue of $3.85 billion during the quarter, compared to the consensus estimate of $3.64 billion. TELUS had a return on equity of 9.07% and a net margin of 4.85%. During the same period in the prior year, the firm posted $0.10 earnings per share.

Hedge Funds Weigh In On TELUS

A number of hedge funds have recently modified their holdings of the stock. Mackenzie Financial Corp increased its stake in shares of TELUS by 22.6% in the fourth quarter. Mackenzie Financial Corp now owns 49,232,693 shares of the Wireless communications provider’s stock worth $667,840,000 after acquiring an additional 9,068,181 shares during the last quarter. Burgundy Asset Management Ltd. increased its stake in shares of TELUS by 26.1% in the fourth quarter. Burgundy Asset Management Ltd. now owns 198,708 shares of the Wireless communications provider’s stock worth $2,692,000 after acquiring an additional 41,119 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in shares of TELUS by 120.3% in the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,056,749 shares of the Wireless communications provider’s stock worth $14,310,000 after acquiring an additional 576,964 shares during the last quarter. Squarepoint Ops LLC acquired a new position in shares of TELUS in the fourth quarter worth $942,000. Finally, Tidal Investments LLC increased its stake in shares of TELUS by 117.9% in the fourth quarter. Tidal Investments LLC now owns 41,607 shares of the Wireless communications provider’s stock worth $564,000 after acquiring an additional 22,512 shares during the last quarter. 49.40% of the stock is owned by institutional investors and hedge funds.

TELUS Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 11th will be paid a $0.2829 dividend. This represents a $1.13 dividend on an annualized basis and a dividend yield of 7.36%. The ex-dividend date of this dividend is Tuesday, March 11th. TELUS’s dividend payout ratio (DPR) is presently 226.53%.

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.