Desjardins Has Bearish Forecast for TELUS FY2025 Earnings

TELUS Co. (NYSE:TU - Free Report) TSE: T - Research analysts at Desjardins lowered their FY2025 EPS estimates for TELUS in a report released on Monday, November 11th. Desjardins analyst J. Dubreuil now expects that the Wireless communications provider will post earnings per share of $0.72 for the year, down from their previous forecast of $0.73. The consensus estimate for TELUS's current full-year earnings is $0.78 per share.

TU has been the topic of several other reports. Scotiabank upgraded shares of TELUS from a "sector perform" rating to a "sector outperform" rating in a research report on Monday, October 28th. StockNews.com upgraded shares of TELUS from a "sell" rating to a "hold" rating in a research report on Friday, September 6th. Finally, Canaccord Genuity Group lowered shares of TELUS from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 6th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $26.00.

TELUS Price Performance

Shares of NYSE TU traded down $0.40 during trading on Thursday, hitting $15.18. 4,006,972 shares of the company were exchanged, compared to its average volume of 2,297,761. The company has a market cap of $22.64 billion, a price-to-earnings ratio of 33.14, a PEG ratio of 2.12 and a beta of 0.75. TELUS has a 1 year low of $14.63 and a 1 year high of $19.14. The firm's fifty day moving average price is $16.29 and its 200 day moving average price is $16.11. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.69 and a quick ratio of 0.61.

TELUS (NYSE:TU - Get Free Report) TSE: T last announced its 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 net margin of 4.56% and a return on equity of 8.80%. The business had revenue of $5.10 billion for the quarter, compared to analysts' expectations of $3.69 billion. During the same period in the previous year, the company posted $0.19 EPS. The company's quarterly revenue was up 1.8% on a year-over-year basis.

TELUS Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Wednesday, December 11th will be paid a $0.297 dividend. 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 yield of 7.83%. TELUS's payout ratio is presently 244.69%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in TU. Northwest & Ethical Investments L.P. increased its stake in shares of TELUS by 0.5% during the 3rd 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 increased its stake in shares of TELUS by 2.0% during the 3rd quarter. Public Sector Pension Investment Board now owns 77,198 shares of the Wireless communications provider's stock valued at $1,297,000 after acquiring an additional 1,500 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in shares of TELUS by 188.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 135,825 shares of the Wireless communications provider's stock worth $2,279,000 after purchasing an additional 88,771 shares during the period. FMR LLC grew its holdings in shares of TELUS by 192.0% during 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. Finally, Mirabella Financial Services LLP purchased a new stake in shares of TELUS during the 3rd quarter worth about $4,521,000. Institutional investors and hedge funds own 49.40% of the company's stock.

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.