FY2025 EPS Estimates for Telus Digital Cut by Analyst

Key Points

• National Bank Financial has revised Telus Digital's FY2025 earnings estimate down to $0.29 per share, a decrease from the previous estimate of $0.45.
• Multiple brokerages have updated their ratings, with CIBC lowering Telus Digital from "neutral" to "tender" and raising the target price to $4.50.
• Hedge funds and institutional investors now own 59.55% of Telus Digital's stock, with notable increases in holdings from firms like Mackenzie Financial Corp and Acadian Asset Management LLC.

Telus Digital (NYSE:TIXT - Free Report) - National Bank Financial cut their FY2025 earnings per share (EPS) estimates for shares of Telus Digital in a report issued on Tuesday, September 2nd. National Bank Financial analyst R. Tse now expects that the company will post earnings of $0.29 per share for the year, down from their previous estimate of $0.45. National Bank Financial has a "Sector Perform" rating and a $4.00 price target on the stock. The consensus estimate for Telus Digital's current full-year earnings is $0.32 per share. National Bank Financial also issued estimates for Telus Digital's FY2026 earnings at $0.45 EPS.

TIXT has been the topic of a number of other reports. Stifel Canada cut Telus Digital from a "strong-buy" rating to a "hold" rating in a report on Tuesday, September 2nd. Wall Street Zen lowered Telus Digital from a "buy" rating to a "hold" rating in a research report on Sunday, July 20th. Stifel Nicolaus lowered Telus Digital from a "buy" rating to a "hold" rating and upped their price objective for the stock from $4.00 to $4.50 in a research report on Wednesday, September 3rd. CIBC cut shares of Telus Digital from a "neutral" rating to a "tender" rating and upped their target price for the company from $3.40 to $4.50 in a report on Wednesday, September 3rd. Finally, Scotiabank raised their price target on Telus Digital from $3.40 to $4.50 and gave the stock a "sector perform" rating in a report on Thursday. Nine equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, Telus Digital has a consensus rating of "Hold" and a consensus target price of $3.93.

Telus Digital Trading Up 0.8%

TIXT traded up $0.04 during trading hours on Friday, reaching $4.51. The company's stock had a trading volume of 1,838,273 shares, compared to its average volume of 1,975,163. Telus Digital has a fifty-two week low of $2.13 and a fifty-two week high of $4.60. The stock has a market cap of $1.25 billion, a PE ratio of -3.24 and a beta of 0.91. The business's 50-day moving average is $3.90 and its 200-day moving average is $3.20. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.84 and a quick ratio of 0.84.

Telus Digital (NYSE:TIXT - Get Free Report) last issued its earnings results on Friday, August 1st. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.01. The business had revenue of $711.33 million for the quarter, compared to analysts' expectations of $660.87 million. Telus Digital had a positive return on equity of 1.99% and a negative net margin of 14.09%. Telus Digital has set its FY 2025 guidance at 0.320-0.320 EPS.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in TIXT. Gabelli Funds LLC purchased a new position in shares of Telus Digital during the 2nd quarter worth about $36,000. Bayesian Capital Management LP purchased a new position in shares of Telus Digital in the 4th quarter worth $45,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of Telus Digital in the 1st quarter worth $58,000. PDT Partners LLC raised its position in shares of Telus Digital by 79.9% in the 1st quarter. PDT Partners LLC now owns 28,058 shares of the company's stock worth $75,000 after buying an additional 12,458 shares during the period. Finally, Avior Wealth Management LLC purchased a new position in shares of Telus Digital in the 2nd quarter worth $85,000. Hedge funds and other institutional investors own 59.55% of the company's stock.

Telus Digital Company Profile

TELUS Digital Inc design, builds, and delivers digital solutions for customer experience (CX) in the Asia-Pacific, the Central America, Europe, Africa, North America, and internationally. The company provides digital experience solutions, such as AI and bots, omnichannel CX, enterprise mobility solutions, cloud contact center, big data analytics, platform transformation, and UX/UI design; and customer experience solutions, including work anywhere/work from home, contact center outsourcing, technical support, sales growth and customer retention, healthcare/patient experience, and debt collection.