TELUS (NYSE:TU) Releases Earnings Results, Beats Expectations By $0.02 EPS

TELUS (NYSE:TU - Get Free Report) TSE: T posted its quarterly earnings data on Thursday. The Wireless communications provider reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.02, Zacks reports. TELUS had a net margin of 4.56% and a return on equity of 8.80%. The firm had revenue of $3.85 billion for the quarter, compared to analysts' expectations of $3.64 billion. During the same quarter last year, the company posted $0.10 EPS.

TELUS Trading Up 0.9 %

Shares of NYSE:TU traded up $0.14 during trading on Monday, reaching $15.39. 3,463,820 shares of the company traded hands, compared to its average volume of 3,797,593. The company has a current ratio of 0.69, a quick ratio of 0.63 and a debt-to-equity ratio of 1.50. TELUS has a 52-week low of $13.24 and a 52-week high of $18.16. The firm has a market capitalization of $23.08 billion, a price-to-earnings ratio of 32.73, a P/E/G ratio of 4.85 and a beta of 0.75. The business's fifty day moving average is $14.21 and its 200-day moving average is $15.44.

TELUS Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors 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 7.35%. The ex-dividend date is Tuesday, March 11th. TELUS's dividend payout ratio is presently 242.56%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Morgan Stanley assumed coverage on TELUS in a research note on Monday, December 16th. They set an "equal weight" rating for the company. Scotiabank upgraded TELUS from a "sector perform" rating to a "sector outperform" rating in a research report on Monday, October 28th. National Bank Financial cut shares of TELUS from an "outperform" rating to a "sector perform" rating in a research report on Friday, December 13th. Finally, StockNews.com upgraded shares of TELUS from a "sell" rating to a "hold" rating in a report on Monday, February 10th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, TELUS presently has a consensus rating of "Hold" and a consensus target price of $26.00.

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.