Desjardins Issues Negative Outlook for TELUS Earnings

TELUS Co. (NYSE:TU) (TSE:T) – Desjardins lowered their Q4 2024 earnings per share (EPS) estimates for TELUS in a research report issued on Monday, November 11th. Desjardins analyst J. Dubreuil now expects that the Wireless communications provider will earn $0.14 per share for the quarter, down from their previous forecast of $0.16. The consensus estimate for TELUS’s current full-year earnings is $0.78 per share.

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

TELUS Stock Down 2.6 %

Shares of NYSE:TU opened at $15.18 on Wednesday. The firm has a 50 day simple moving average of $16.29 and a 200 day simple moving average of $16.11. TELUS has a 52 week low of $14.63 and a 52 week high of $19.14. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.61 and a current ratio of 0.69. The company has a market cap of $22.64 billion, a PE ratio of 33.14, a price-to-earnings-growth ratio of 2.12 and a beta of 0.75.

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

TELUS Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Wednesday, December 11th will be paid a $0.297 dividend. The ex-dividend date is Wednesday, December 11th. This is an increase from TELUS’s previous quarterly dividend of $0.28. This represents a $1.19 dividend on an annualized basis and a dividend yield of 7.83%. TELUS’s dividend payout ratio is 244.69%.

Institutional Trading of TELUS

Hedge funds and other institutional investors have recently modified their holdings of the company. Fairscale Capital LLC acquired a new stake in TELUS in the second quarter valued at approximately $27,000. Blue Trust Inc. raised its holdings in shares of TELUS by 60.4% during the 2nd quarter. Blue Trust Inc. now owns 2,533 shares of the Wireless communications provider’s stock valued at $41,000 after purchasing an additional 954 shares in the last quarter. UniSuper Management Pty Ltd acquired a new stake in shares of TELUS in the 1st quarter valued at $58,000. Trust Co. of Vermont boosted its holdings in TELUS by 19.0% in the third quarter. Trust Co. of Vermont now owns 7,623 shares of the Wireless communications provider’s stock worth $128,000 after purchasing an additional 1,218 shares in the last quarter. Finally, Acadian Asset Management LLC acquired a new position in TELUS during the second quarter worth $123,000. 49.40% of the stock is currently owned by hedge funds and other institutional investors.

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.