Research Analysts Offer Predictions for TELUS Q4 Earnings

TELUS Co. (NYSE:TU - Free Report) TSE: T - Equities research analysts at Desjardins cut their Q4 2024 earnings estimates for TELUS in a note issued to investors on Monday, November 11th. Desjardins analyst J. Dubreuil now anticipates that the Wireless communications provider will post earnings of $0.14 per share for the quarter, down from their prior forecast of $0.16. The consensus estimate for TELUS's current full-year earnings is $0.78 per share.

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

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

TELUS Stock Performance

TU traded down $0.10 during trading on Wednesday, hitting $15.58. The stock had a trading volume of 3,346,978 shares, compared to its average volume of 2,289,992. 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 firm has a market capitalization of $23.24 billion, a P/E ratio of 33.14, a PEG ratio of 2.12 and a beta of 0.75. The company's 50-day moving average price is $16.31 and its 200 day moving average price is $16.12. TELUS has a twelve month low of $14.63 and a twelve month high of $19.14.

TELUS Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Wednesday, December 11th will be given a $0.297 dividend. This is an increase from TELUS's previous quarterly dividend of $0.28. This represents a $1.19 annualized dividend and a dividend yield of 7.63%. The ex-dividend date of this dividend is Wednesday, December 11th. TELUS's dividend payout ratio is currently 244.69%.

Institutional Investors Weigh In On TELUS

Hedge funds and other institutional investors have recently modified their holdings of the company. 1832 Asset Management L.P. increased its stake in TELUS by 6.6% in the second quarter. 1832 Asset Management L.P. now owns 38,193,733 shares of the Wireless communications provider's stock valued at $578,253,000 after purchasing an additional 2,365,753 shares during the last quarter. Fiera Capital Corp grew its position in TELUS by 9.9% during the second quarter. Fiera Capital Corp now owns 16,670,713 shares of the Wireless communications provider's stock valued at $252,468,000 after acquiring an additional 1,501,742 shares during the period. National Bank of Canada FI grew its position in TELUS by 7.2% during the first quarter. National Bank of Canada FI now owns 21,461,769 shares of the Wireless communications provider's stock valued at $345,330,000 after acquiring an additional 1,438,904 shares during the period. TD Asset Management Inc grew its position in TELUS by 3.0% during the second quarter. TD Asset Management Inc now owns 41,711,861 shares of the Wireless communications provider's stock valued at $631,310,000 after acquiring an additional 1,208,720 shares during the period. Finally, Guardian Capital LP grew its position in TELUS by 27.8% during the first quarter. Guardian Capital LP now owns 5,486,529 shares of the Wireless communications provider's stock valued at $87,857,000 after acquiring an additional 1,195,035 shares during the period. 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.