TELUS (TU) to Release Earnings on Friday

TELUS (NYSE:TU - Get Free Report) TSE: T is projected to announce its earnings results before the market opens on Friday, February 14th. Analysts expect the company to announce earnings of $0.15 per share and revenue of $3.66 billion for the quarter. Investors that are interested in registering for the company's conference call can do so using this link.

TELUS (NYSE:TU - Get Free Report) TSE: T last announced its quarterly earnings data on Thursday, February 13th. The Wireless communications provider reported $0.18 EPS for the quarter, beating the consensus estimate of $0.16 by $0.02. TELUS had a net margin of 4.56% and a return on equity of 8.80%. The firm had revenue of $3.85 billion during the quarter, compared to analysts' expectations of $3.64 billion. During the same quarter last year, the business earned $0.10 earnings per share. On average, analysts expect TELUS to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

TELUS Price Performance

TELUS stock traded up $0.14 during mid-day trading on Friday, reaching $15.39. The company had a trading volume of 3,463,820 shares, compared to its average volume of 3,797,593. The stock's 50-day simple moving average is $14.21 and its 200-day simple moving average is $15.45. TELUS has a 1 year low of $13.24 and a 1 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. The company has a market capitalization of $23.08 billion, a P/E ratio of 32.73, a P/E/G ratio of 4.85 and a beta of 0.75.

TELUS Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 11th will be paid a $0.2829 dividend. This represents a $1.13 annualized dividend and a yield of 7.35%. The ex-dividend date of this dividend is Tuesday, March 11th. TELUS's payout ratio is currently 242.56%.

Analyst Ratings Changes

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

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.