Cormark Has Bearish Forecast for TELUS FY2025 Earnings

TELUS Co. (NYSE:TU) (TSE:T) – Equities researchers at Cormark decreased their FY2025 EPS estimates for TELUS in a research report issued to clients and investors on Monday, November 11th. Cormark analyst D. Mcfadgen now anticipates that the Wireless communications provider will post earnings per share of $0.66 for the year, down from their prior estimate of $0.75. The consensus estimate for TELUS’s current full-year earnings is $0.73 per share.

TELUS (NYSE:TU) (TSE:T) last announced its earnings results on Friday, November 8th. The Wireless communications provider reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.11. TELUS had a net margin of 4.56% and a return on equity of 8.80%. The business had revenue of $5.10 billion during the quarter, compared to analyst estimates of $3.69 billion. During the same period in the previous year, the business posted $0.19 earnings per share. TELUS’s revenue for the quarter was up 1.8% on a year-over-year basis.

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

TELUS Trading Down 0.3 %

Shares of TELUS stock opened at $15.69 on Wednesday. TELUS has a 1 year low of $14.63 and a 1 year high of $19.14. The firm has a market cap of $23.40 billion, a PE ratio of 33.37, a PEG ratio of 2.41 and a beta of 0.75. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.69 and a quick ratio of 0.61. The company has a 50 day simple moving average of $16.32 and a two-hundred day simple moving average of $16.12.

Hedge Funds Weigh In On TELUS

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

TELUS Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Wednesday, December 11th will be paid a $0.297 dividend. This is a boost from TELUS’s previous quarterly dividend of $0.28. The ex-dividend date is Wednesday, December 11th. This represents a $1.19 dividend on an annualized basis and a yield of 7.57%. TELUS’s payout ratio is presently 244.69%.

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.