TELUS (TU) to Release Quarterly Earnings on Thursday

TELUS (NYSE:TU - Get Free Report) TSE: T is anticipated to post its quarterly earnings results before the market opens on Thursday, February 6th. Analysts expect TELUS to post earnings of $0.16 per share and revenue of $3.79 billion for the quarter. Parties interested in listening to the company's conference call can do so using this link.

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

Shares of TU traded up $0.09 during trading hours on Thursday, hitting $14.51. The company had a trading volume of 3,094,874 shares, compared to its average volume of 3,768,892. The firm has a market cap of $21.77 billion, a price-to-earnings ratio of 30.88, a PEG ratio of 4.69 and a beta of 0.74. The business has a fifty day moving average of $14.41 and a 200-day moving average of $15.54. The company has a quick ratio of 0.63, a current ratio of 0.69 and a debt-to-equity ratio of 1.50. TELUS has a 12 month low of $13.24 and a 12 month high of $18.20.

TELUS Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Wednesday, December 11th were issued a dividend of $0.297 per share. The ex-dividend date was Wednesday, December 11th. This represents a $1.19 dividend on an annualized basis and a dividend yield of 8.19%. This is an increase from TELUS's previous quarterly dividend of $0.28. TELUS's dividend payout ratio (DPR) is currently 240.43%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on TU. Morgan Stanley initiated coverage on TELUS in a research report on Monday, December 16th. They set an "equal weight" rating for the company. StockNews.com downgraded TELUS from a "hold" rating to a "sell" rating in a research note on Thursday, November 21st. Scotiabank raised TELUS from a "sector perform" rating to a "sector outperform" rating in a report on Monday, October 28th. Finally, National Bank Financial downgraded shares of TELUS from an "outperform" rating to a "sector perform" rating in a research note on Friday, December 13th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average 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.