What is Cormark’s Forecast for TELUS FY2025 Earnings?

TELUS Co. (NYSE:TU) (TSE:T) – Cormark cut their FY2025 EPS estimates for TELUS in a research report issued on Monday, November 11th. Cormark analyst D. Mcfadgen now anticipates that the Wireless communications provider will post earnings of $0.66 per share for the year, down from their prior estimate of $0.75. The consensus estimate for TELUS’s current full-year earnings is $0.78 per share.

Several other equities analysts have also recently weighed in on the company. Canaccord Genuity Group cut TELUS from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 6th. StockNews.com raised shares of TELUS from a “sell” rating to a “hold” rating in a research note on Friday, September 6th. Finally, Scotiabank raised shares of TELUS from a “sector perform” rating to a “sector outperform” rating in a research report on Monday, October 28th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, TELUS currently has a consensus rating of “Hold” and a consensus price target of $26.00.

TELUS Stock Down 2.6 %

NYSE:TU opened at $15.18 on Wednesday. TELUS has a 1 year low of $14.63 and a 1 year high of $19.14. The stock has a 50-day moving average price of $16.29 and a two-hundred day moving average price of $16.11. The stock has a market cap of $22.64 billion, a price-to-earnings ratio of 32.29, a PEG ratio of 2.12 and a beta of 0.75. The company has a current ratio of 0.69, a quick ratio of 0.61 and a debt-to-equity ratio of 1.50.

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

TELUS Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Wednesday, December 11th will be paid a $0.297 dividend. This is a boost from TELUS’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Wednesday, December 11th. This represents a $1.19 annualized dividend and a yield of 7.83%. TELUS’s payout ratio is presently 253.19%.

Institutional Trading of TELUS

Hedge funds and other institutional investors have recently made changes to their positions in the business. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in TELUS by 132.4% in the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 479,785 shares of the Wireless communications provider’s stock valued at $8,048,000 after buying an additional 273,368 shares during the last quarter. Northwest & Ethical Investments L.P. increased its position in shares of TELUS by 0.5% in the third quarter. Northwest & Ethical Investments L.P. now owns 449,777 shares of the Wireless communications provider’s stock valued at $7,547,000 after acquiring an additional 2,196 shares during the last quarter. Public Sector Pension Investment Board raised its holdings in TELUS by 2.0% during the third quarter. Public Sector Pension Investment Board now owns 77,198 shares of the Wireless communications provider’s stock worth $1,297,000 after acquiring an additional 1,500 shares in the last quarter. BNP Paribas Financial Markets boosted its position in TELUS by 188.7% during the third quarter. BNP Paribas Financial Markets now owns 135,825 shares of the Wireless communications provider’s stock valued at $2,279,000 after purchasing an additional 88,771 shares during the last quarter. Finally, FMR LLC grew its stake in TELUS by 192.0% in the third quarter. FMR LLC now owns 1,326,632 shares of the Wireless communications provider’s stock valued at $22,257,000 after purchasing an additional 872,235 shares in the last quarter. 49.40% of the stock is currently owned by institutional investors and hedge funds.

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.