FY2025 EPS Estimates for TELUS Co. Reduced by Analyst (NYSE:TU)

TELUS Co. (NYSE:TU - Free Report) TSE: T - Stock analysts at National Bank Financial lowered their FY2025 earnings estimates for shares of TELUS in a report issued on Tuesday, October 1st. National Bank Financial analyst A. Shine now anticipates that the Wireless communications provider will post earnings per share of $0.73 for the year, down from their prior forecast of $0.74. The consensus estimate for TELUS's current full-year earnings is $0.73 per share.

Several other brokerages also recently commented on TU. StockNews.com upgraded shares of TELUS from a "sell" rating to a "hold" rating in a report on Friday, September 6th. Canaccord Genuity Group cut shares of TELUS from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 6th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $27.33.

TELUS Trading Down 1.3 %

TELUS stock traded down $0.22 during midday trading on Thursday, hitting $16.43. 1,663,032 shares of the stock were exchanged, compared to its average volume of 2,255,020. The company has a fifty day simple moving average of $16.40 and a two-hundred day simple moving average of $16.13. TELUS has a 52 week low of $14.63 and a 52 week high of $19.14. The stock has a market capitalization of $24.25 billion, a PE ratio of 42.44, a P/E/G ratio of 2.54 and a beta of 0.74. The company has a quick ratio of 0.61, a current ratio of 0.66 and a debt-to-equity ratio of 1.46.

TELUS (NYSE:TU - Get Free Report) TSE: T last released its quarterly earnings data on Friday, August 2nd. The Wireless communications provider reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.09. TELUS had a net margin of 3.87% and a return on equity of 8.50%. The business had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.70 billion. During the same quarter last year, the firm earned $0.14 EPS.

TELUS Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 10th were paid a dividend of $0.284 per share. This is an increase from TELUS's previous quarterly dividend of $0.28. The ex-dividend date was Tuesday, September 10th. This represents a $1.14 annualized dividend and a yield of 6.91%. TELUS's payout ratio is presently 294.87%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in TU. SG Americas Securities LLC bought a new stake in TELUS in the third quarter valued at approximately $390,000. Sanctuary Advisors LLC acquired a new stake in shares of TELUS during the 2nd quarter worth approximately $680,000. Fiera Capital Corp grew its position in shares of TELUS by 9.9% during the 2nd quarter. Fiera Capital Corp now owns 16,670,713 shares of the Wireless communications provider's stock worth $252,468,000 after buying an additional 1,501,742 shares during the period. B. Riley Wealth Advisors Inc. acquired a new stake in shares of TELUS during the 2nd quarter worth approximately $163,000. Finally, Ninepoint Partners LP grew its position in shares of TELUS by 10.0% during the 2nd quarter. Ninepoint Partners LP now owns 195,895 shares of the Wireless communications provider's stock worth $2,966,000 after buying an additional 17,864 shares during the period. 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.