TELUS Co. to Post Q3 2024 Earnings of $0.24 Per Share, National Bank Financial Forecasts (TSE:T)

TELUS Co. (TSE:T - Free Report) NYSE: TU - Equities research analysts at National Bank Financial issued their Q3 2024 earnings estimates for shares of TELUS in a research report issued to clients and investors on Tuesday, October 1st. National Bank Financial analyst A. Shine forecasts that the company will earn $0.24 per share for the quarter. The consensus estimate for TELUS's current full-year earnings is $1.06 per share.

TELUS (TSE:T - Get Free Report) NYSE: TU last posted its quarterly earnings results on Friday, August 2nd. The company reported C$0.25 earnings per share for the quarter, beating the consensus estimate of C$0.24 by C$0.01. TELUS had a net margin of 3.91% and a return on equity of 4.67%. The business had revenue of C$4.97 billion during the quarter, compared to analysts' expectations of C$5.04 billion.

Several other research firms have also recently issued reports on T. BMO Capital Markets lifted their price objective on shares of TELUS from C$24.00 to C$25.00 in a research report on Thursday, September 5th. Scotiabank dropped their price objective on shares of TELUS from C$24.25 to C$24.00 in a research note on Tuesday, August 6th. National Bankshares dropped their price objective on shares of TELUS from C$25.00 to C$23.00 and set an "outperform" rating on the stock in a research note on Wednesday, June 26th. CIBC dropped their price objective on shares of TELUS from C$25.00 to C$24.00 and set an "outperform" rating on the stock in a research note on Tuesday, August 6th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of TELUS from C$24.00 to C$23.00 and set a "neutral" rating on the stock in a research note on Wednesday, July 10th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of C$24.58.

TELUS Stock Down 0.8 %

T stock traded down C$0.17 during midday trading on Friday, hitting C$22.11. The company's stock had a trading volume of 2,592,072 shares, compared to its average volume of 3,272,489. The company has a quick ratio of 0.52, a current ratio of 0.66 and a debt-to-equity ratio of 171.58. TELUS has a 52-week low of C$20.04 and a 52-week high of C$25.94. The firm has a market capitalization of C$32.72 billion, a P/E ratio of 42.04, a PEG ratio of 2.07 and a beta of 0.72. The firm has a 50-day simple moving average of C$22.35 and a 200-day simple moving average of C$22.03.

Insider Buying and Selling at TELUS

In other TELUS news, Director Marc Parent acquired 10,530 shares of the company's stock in a transaction dated Monday, August 12th. The shares were acquired at an average cost of C$22.52 per share, for a total transaction of C$237,135.60. Corporate insiders own 0.02% of the company's stock.

TELUS Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 10th were issued a dividend of $0.389 per share. The ex-dividend date of this dividend was Tuesday, September 10th. This represents a $1.56 annualized dividend and a yield of 7.04%. TELUS's dividend payout ratio (DPR) is currently 294.34%.

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.