Cormark Has Optimistic Outlook of TELUS FY2025 Earnings

Key Points

• Cormark analyst D. Mcfadgen has increased TELUS's FY2025 earnings per share (EPS) estimate to $1.08, up from a prior forecast of $1.03.
• TELUS has also announced a quarterly dividend payout of $0.4163 per share, raising its annualized dividend yield to 7.3%.
• Several analysts have adjusted their price targets for TELUS, with Scotiabank increasing its target to C$26.00 and maintaining an "outperform" rating.

TELUS Co. (TSE:T - Free Report) NYSE: TU - Equities research analysts at Cormark raised their FY2025 earnings per share (EPS) estimates for shares of TELUS in a report released on Monday, September 8th. Cormark analyst D. Mcfadgen now expects that the company will post earnings of $1.08 per share for the year, up from their previous forecast of $1.03. The consensus estimate for TELUS's current full-year earnings is $1.23 per share. Cormark also issued estimates for TELUS's FY2026 earnings at $1.14 EPS.

A number of other brokerages have also weighed in on T. National Bankshares set a C$23.00 price target on TELUS and gave the stock a "sector perform" rating in a research note on Tuesday, August 12th. Scotiabank upped their price objective on TELUS from C$25.00 to C$26.00 and gave the stock an "outperform" rating in a report on Monday, September 8th. Finally, BMO Capital Markets upped their price objective on TELUS from C$23.00 to C$24.00 and gave the stock an "outperform" rating in a report on Wednesday, July 2nd. Five analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of C$23.32.

TELUS Price Performance

T stock traded down C$0.02 on Tuesday, reaching C$22.10. The company had a trading volume of 3,030,548 shares, compared to its average volume of 3,908,455. TELUS has a 1 year low of C$19.10 and a 1 year high of C$23.43. The company has a debt-to-equity ratio of 183.41, a quick ratio of 0.52 and a current ratio of 0.69. The company's fifty day moving average is C$22.46 and its 200 day moving average is C$21.80. The company has a market cap of C$33.70 billion, a P/E ratio of 34.00, a PEG ratio of 1.65 and a beta of 0.98.

TELUS Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Wednesday, September 10th will be given a $0.4163 dividend. This is a positive change from TELUS's previous quarterly dividend of $0.40. This represents a $1.67 annualized dividend and a yield of 7.5%. TELUS's payout ratio is 247.69%.

About TELUS

Telus is one of the Big Three wireless service providers in Canada, with its 9 million mobile phone subscribers nationwide constituting about 30% of the total market. It is the incumbent local exchange carrier in the western Canadian provinces of British Columbia and Alberta, where it provides internet, television, and landline phone services.