TELUS FY2025 EPS Estimate Lifted by National Bank Financial

TELUS Co. (NYSE:TU - Free Report) TSE: T - Research analysts at National Bank Financial upped their FY2025 EPS estimates for TELUS in a research report issued on Thursday, February 13th. National Bank Financial analyst A. Shine now forecasts that the Wireless communications provider will post earnings per share of $0.74 for the year, up from their prior forecast of $0.73. National Bank Financial currently has a "Sector Perform" rating on the stock. The consensus estimate for TELUS's current full-year earnings is $0.71 per share. National Bank Financial also issued estimates for TELUS's FY2025 earnings at $0.74 EPS, FY2026 earnings at $0.78 EPS and FY2026 earnings at $0.78 EPS.

TELUS (NYSE:TU - Get Free Report) TSE: T last issued its quarterly earnings results on Thursday, February 13th. The Wireless communications provider reported $0.18 EPS for the quarter, topping the consensus estimate of $0.16 by $0.02. The firm had revenue of $3.85 billion for the quarter, compared to analysts' expectations of $3.64 billion. TELUS had a net margin of 4.85% and a return on equity of 9.07%. During the same period in the previous year, the firm posted $0.10 EPS.

A number of other brokerages have also recently issued reports on TU. Morgan Stanley assumed coverage on TELUS in a research note on Monday, December 16th. They set an "equal weight" rating on the stock. StockNews.com raised shares of TELUS from a "sell" rating to a "hold" rating in a research report on Monday, February 10th. Finally, Scotiabank upgraded shares of TELUS from a "sector perform" rating to a "sector outperform" rating in a research note on Monday, October 28th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, TELUS presently has an average rating of "Hold" and a consensus price target of $26.00.

TELUS Stock Up 1.1 %

TU traded up $0.17 on Monday, hitting $15.41. 2,882,784 shares of the company were exchanged, compared to its average volume of 3,790,868. The stock's fifty day moving average is $14.19 and its 200-day moving average is $15.42. TELUS has a 12 month low of $13.24 and a 12 month high of $18.16. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.61 and a current ratio of 0.68. The company has a market cap of $23.11 billion, a PE ratio of 31.44, a PEG ratio of 5.07 and a beta of 0.75.

Hedge Funds Weigh In On TELUS

Several institutional investors and hedge funds have recently modified their holdings of TU. Trust Co. of Vermont boosted its holdings in shares of TELUS by 19.0% during the 3rd quarter. Trust Co. of Vermont now owns 7,623 shares of the Wireless communications provider's stock worth $128,000 after buying an additional 1,218 shares during the period. Blue Trust Inc. increased its position in TELUS by 58.0% during the 3rd quarter. Blue Trust Inc. now owns 4,001 shares of the Wireless communications provider's stock worth $67,000 after buying an additional 1,468 shares during the period. Raymond James & Associates grew its stake in shares of TELUS by 3.2% in the third quarter. Raymond James & Associates now owns 155,212 shares of the Wireless communications provider's stock valued at $2,604,000 after acquiring an additional 4,822 shares in the last quarter. Vest Financial LLC raised its stake in TELUS by 40.7% in the 3rd quarter. Vest Financial LLC now owns 44,910 shares of the Wireless communications provider's stock worth $754,000 after purchasing an additional 12,991 shares in the last quarter. Finally, Private Advisor Group LLC bought a new stake in TELUS in the 3rd quarter valued at about $187,000. 49.40% of the stock is currently owned by institutional investors and hedge funds.

TELUS Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 11th will be issued a dividend of $0.2829 per share. This represents a $1.13 annualized dividend and a yield of 7.34%. The ex-dividend date is Tuesday, March 11th. TELUS's dividend payout ratio is 232.65%.

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.