Cormark Issues Pessimistic Forecast for TELUS Earnings

TELUS Co. (NYSE:TU - Free Report) TSE: T - Stock analysts at Cormark lowered their FY2025 earnings estimates for TELUS in a report issued on Monday, November 11th. Cormark analyst D. Mcfadgen now anticipates that the Wireless communications provider will post earnings per share of $0.66 for the year, down from their prior forecast of $0.75. 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 analysts' consensus estimates of $0.17 by $0.11. TELUS had a return on equity of 8.80% and a net margin of 4.56%. The business had revenue of $5.10 billion during the quarter, compared to analyst estimates of $3.69 billion. During the same period in the prior year, the firm posted $0.19 EPS. TELUS's quarterly revenue was up 1.8% compared to the same quarter last year.

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

TELUS Stock Down 0.6 %

NYSE:TU traded down $0.10 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. TELUS has a 1 year low of $14.63 and a 1 year high of $19.14. The firm's fifty day simple moving average is $16.31 and its two-hundred day simple moving average is $16.12. 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 stock has a market cap of $23.24 billion, a P/E ratio of 33.14, a price-to-earnings-growth ratio of 2.12 and a beta of 0.75.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. BNP Paribas Financial Markets lifted its position in shares of TELUS by 188.7% during the third quarter. BNP Paribas Financial Markets now owns 135,825 shares of the Wireless communications provider's stock worth $2,279,000 after acquiring an additional 88,771 shares in the last quarter. FMR LLC boosted its stake in TELUS by 192.0% in the 3rd quarter. FMR LLC now owns 1,326,632 shares of the Wireless communications provider's stock worth $22,257,000 after purchasing an additional 872,235 shares during the period. Mirabella Financial Services LLP purchased a new position in TELUS during the 3rd quarter valued at about $4,521,000. Cerity Partners LLC increased its position in shares of TELUS by 7.5% during the third quarter. Cerity Partners LLC now owns 42,341 shares of the Wireless communications provider's stock valued at $710,000 after buying an additional 2,964 shares during the period. Finally, Citigroup Inc. lifted its holdings in shares of TELUS by 15.4% in the third quarter. Citigroup Inc. now owns 390,486 shares of the Wireless communications provider's stock worth $6,558,000 after buying an additional 52,105 shares in the last quarter. 49.40% of the stock is owned by institutional investors.

TELUS Increases Dividend

The company 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 dividend of $0.297 per share. This is an increase 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 dividend yield of 7.63%. TELUS's dividend payout ratio is presently 244.69%.

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.