Equities research analysts expect TELUS Co. (NYSE:TU) (TSE:T) to post earnings of $0.55 per share for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for TELUS’s earnings, with the lowest EPS estimate coming in at $0.49 and the highest estimate coming in at $0.58. TELUS posted earnings of $0.57 per share in the same quarter last year, which would indicate a negative year over year growth rate of 3.5%. The business is expected to issue its next earnings results on Thursday, November 14th.

On average, analysts expect that TELUS will report full year earnings of $2.20 per share for the current fiscal year, with EPS estimates ranging from $2.12 to $2.26. For the next financial year, analysts forecast that the business will post earnings of $2.34 per share, with EPS estimates ranging from $2.23 to $2.44. Zacks’ EPS averages are an average based on a survey of research analysts that follow TELUS.

TELUS (NYSE:TU) (TSE:T) last released its quarterly earnings data on Friday, August 2nd. The Wireless communications provider reported $0.53 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.01). The business had revenue of $2.75 billion during the quarter, compared to analyst estimates of $2.69 billion. TELUS had a return on equity of 16.75% and a net margin of 11.91%.

A number of equities research analysts recently weighed in on TU shares. Canaccord Genuity downgraded shares of TELUS from a “buy” rating to a “hold” rating in a research report on Monday, July 22nd. Zacks Investment Research raised shares of TELUS from a “sell” rating to a “hold” rating in a report on Tuesday, May 14th. Finally, Citigroup downgraded TELUS from a “buy” rating to a “neutral” rating in a research note on Wednesday, July 3rd. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. TELUS currently has a consensus rating of “Buy” and a consensus price target of $41.00.

Shares of TELUS stock traded down $0.16 during trading hours on Friday, reaching $36.49. The company’s stock had a trading volume of 402,584 shares, compared to its average volume of 404,213. TELUS has a one year low of $32.46 and a one year high of $38.32. The company’s 50 day simple moving average is $36.11 and its 200 day simple moving average is $36.63. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.66 and a current ratio of 0.71. The stock has a market cap of $22.01 billion, a P/E ratio of 17.05, a price-to-earnings-growth ratio of 2.08 and a beta of 0.69.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 10th will be given a $0.426 dividend. The ex-dividend date is Monday, September 9th. This is a positive change from TELUS’s previous quarterly dividend of $0.42. This represents a $1.70 annualized dividend and a yield of 4.67%. TELUS’s dividend payout ratio (DPR) is currently 78.97%.

Hedge funds have recently bought and sold shares of the business. Beutel Goodman & Co Ltd. boosted its holdings in shares of TELUS by 100.4% during the second quarter. Beutel Goodman & Co Ltd. now owns 15,911,306 shares of the Wireless communications provider’s stock valued at $588,533,000 after acquiring an additional 7,969,596 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp bought a new position in shares of TELUS during the first quarter worth about $88,907,000. Reaves W H & Co. Inc. increased its holdings in shares of TELUS by 293.9% in the 1st quarter. Reaves W H & Co. Inc. now owns 1,919,275 shares of the Wireless communications provider’s stock worth $71,060,000 after acquiring an additional 1,432,053 shares during the period. CIBC Asset Management Inc increased its holdings in shares of TELUS by 11.7% in the 1st quarter. CIBC Asset Management Inc now owns 13,108,240 shares of the Wireless communications provider’s stock worth $485,148,000 after acquiring an additional 1,377,720 shares during the period. Finally, TD Asset Management Inc. increased its holdings in shares of TELUS by 4.7% in the 1st quarter. TD Asset Management Inc. now owns 23,771,390 shares of the Wireless communications provider’s stock worth $880,073,000 after acquiring an additional 1,069,042 shares during the period. Institutional investors own 54.42% of the company’s stock.

About TELUS

TELUS Corporation, together with its subsidiaries, provides a range of telecommunications products and services in Canada. It operates through Wireless and Wireline segments. The company's telecommunications products and services comprise wireless and wireline voice and data services; data services, including Internet protocol; television services; hosting, managed information technology, and cloud-based services; healthcare solutions; customer care and business services; and home and business security solutions.

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Earnings History and Estimates for TELUS (NYSE:TU)

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