Desjardins Analysts Lower Earnings Estimates for TELUS

TELUS Co. (NYSE:TU) (TSE:T) – Equities researchers at Desjardins decreased their Q4 2024 earnings estimates for TELUS in a research report issued to clients and investors on Monday, November 11th. Desjardins analyst J. Dubreuil now expects that the Wireless communications provider will post earnings per share of $0.14 for the quarter, down from their previous estimate of $0.16. The consensus estimate for TELUS’s current full-year earnings is $0.78 per share.

TU has been the topic of several other research reports. StockNews.com raised TELUS from a “sell” rating to a “hold” rating in a report on Friday, September 6th. Scotiabank upgraded TELUS from a “sector perform” rating to a “sector outperform” rating in a research note on Monday, October 28th. Finally, Canaccord Genuity Group lowered shares of TELUS from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $26.00.

TELUS Price Performance

TU opened at $15.18 on Wednesday. The company has a quick ratio of 0.61, a current ratio of 0.69 and a debt-to-equity ratio of 1.50. The company’s 50-day moving average price is $16.29 and its 200 day moving average price is $16.11. TELUS has a fifty-two week low of $14.63 and a fifty-two week high of $19.14. The firm has a market cap of $22.64 billion, a price-to-earnings ratio of 33.14, a price-to-earnings-growth ratio of 2.12 and a beta of 0.75.

TELUS (NYSE:TU) (TSE:T) last issued its 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. TELUS had a net margin of 4.56% and a return on equity of 8.80%. The company had revenue of $5.10 billion for the quarter, compared to analysts’ expectations of $3.69 billion. During the same period in the prior year, the company earned $0.19 earnings per share. The firm’s revenue was up 1.8% compared to the same quarter last year.

TELUS Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Wednesday, December 11th will be issued a dividend of $0.297 per share. This represents a $1.19 dividend on an annualized basis and a dividend yield of 7.83%. This is a positive change from TELUS’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Wednesday, December 11th. TELUS’s dividend payout ratio (DPR) is 244.69%.

Hedge Funds Weigh In On TELUS

Several large investors have recently bought and sold shares of the stock. Fairscale Capital LLC acquired a new position in shares of TELUS during the 2nd quarter valued at $27,000. Blue Trust Inc. grew its holdings in TELUS by 60.4% during the second quarter. Blue Trust Inc. now owns 2,533 shares of the Wireless communications provider’s stock worth $41,000 after acquiring an additional 954 shares during the period. UniSuper Management Pty Ltd bought a new stake in TELUS in the first quarter worth about $58,000. Acadian Asset Management LLC acquired a new stake in TELUS in the 2nd quarter valued at about $123,000. Finally, Trust Co. of Vermont boosted its position in shares of TELUS by 19.0% during the 3rd quarter. Trust Co. of Vermont now owns 7,623 shares of the Wireless communications provider’s stock valued at $128,000 after purchasing an additional 1,218 shares in the last quarter. Institutional investors and hedge funds own 49.40% of the company’s stock.

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.