Q4 Earnings Forecast for TELUS Issued By Cormark (NYSE:TU)

TELUS Co. (NYSE:TU - Free Report) TSE: T - Research analysts at Cormark issued their Q4 2024 earnings per share estimates for TELUS in a report issued on Thursday, February 6th. Cormark analyst D. Mcfadgen anticipates that the Wireless communications provider will post earnings per share of $0.14 for the quarter. The consensus estimate for TELUS's current full-year earnings is $0.72 per share.

TU has been the topic of a number of other research reports. Morgan Stanley began coverage on shares of TELUS in a research note on Monday, December 16th. They issued an "equal weight" rating on the stock. National Bank Financial downgraded TELUS from an "outperform" rating to a "sector perform" rating in a report on Friday, December 13th. StockNews.com lowered shares of TELUS from a "hold" rating to a "sell" rating in a research report on Thursday, November 21st. Finally, Scotiabank upgraded shares of TELUS from a "sector perform" rating to a "sector outperform" rating in a research report on Monday, October 28th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $26.00.

TELUS Stock Performance

TU stock traded up $0.06 during midday trading on Friday, reaching $14.47. 1,666,038 shares of the company were exchanged, compared to its average volume of 3,797,455. The firm has a market capitalization of $21.70 billion, a price-to-earnings ratio of 30.78, a price-to-earnings-growth ratio of 4.85 and a beta of 0.75. The business has a 50-day moving average price of $14.30 and a two-hundred day moving average price of $15.48. TELUS has a one year low of $13.24 and a one year high of $18.16. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.69 and a quick ratio of 0.63.

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

Institutional Investors Weigh In On TELUS

Institutional investors have recently made changes to their positions in the stock. National Bank of Canada FI lifted its stake in shares of TELUS by 24.2% in the 3rd quarter. National Bank of Canada FI now owns 26,160,789 shares of the Wireless communications provider's stock valued at $438,922,000 after purchasing an additional 5,094,269 shares during the period. FMR LLC lifted its stake in TELUS by 192.0% in the third quarter. FMR LLC now owns 1,326,632 shares of the Wireless communications provider's stock valued at $22,257,000 after buying an additional 872,235 shares during the period. Centre Asset Management LLC bought a new position in shares of TELUS during the 4th quarter worth approximately $6,946,000. Duff & Phelps Investment Management Co. grew its position in shares of TELUS by 13.5% during the 3rd quarter. Duff & Phelps Investment Management Co. now owns 2,666,500 shares of the Wireless communications provider's stock worth $44,785,000 after buying an additional 317,000 shares during the period. Finally, Nicola Wealth Management LTD. lifted its position in shares of TELUS by 35.7% during the 3rd quarter. Nicola Wealth Management LTD. now owns 1,060,819 shares of the Wireless communications provider's stock valued at $17,801,000 after acquiring an additional 279,000 shares during the period. Institutional investors 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.