FY2025 Earnings Estimate for TELUS Issued By Cormark

Key Points

• Cormark has raised its FY2025 earnings per share estimate for TELUS to $0.78, up from the previous estimate of $0.74, while also forecasting FY2026 earnings at $0.82 EPS.
• TELUS recently announced a quarterly dividend increase to $0.3019 per share, representing an annualized yield of 7.3%.
• The company's stock currently has an average rating of "Hold" and a price target of $21.50, with significant hedge fund activity noted in recent months.

TELUS Corporation (NYSE:TU - Free Report) TSE: T - Research analysts at Cormark increased their FY2025 EPS estimates for shares of TELUS in a research note issued on Monday, September 8th. Cormark analyst D. Mcfadgen now expects that the Wireless communications provider will post earnings per share of $0.78 for the year, up from their previous forecast of $0.74. The consensus estimate for TELUS's current full-year earnings is $0.71 per share. Cormark also issued estimates for TELUS's FY2026 earnings at $0.82 EPS.

Several other analysts also recently issued reports on TU. Scotiabank reissued an "outperform" rating on shares of TELUS in a research report on Tuesday, July 15th. National Bankshares reissued a "sector perform" rating on shares of TELUS in a research report on Monday, May 12th. Finally, Canaccord Genuity Group lifted their price target on shares of TELUS from $20.25 to $21.50 and gave the company a "hold" rating in a research report on Monday, May 12th. One equities research analyst has rated the stock with a Buy rating and six have given a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $21.50.

TELUS Stock Performance

NYSE TU opened at $16.44 on Tuesday. The company has a fifty day simple moving average of $16.33 and a 200 day simple moving average of $15.69. TELUS has a 12-month low of $13.24 and a 12-month high of $17.26. The company has a current ratio of 0.86, a quick ratio of 0.81 and a debt-to-equity ratio of 1.72. The company has a market cap of $25.23 billion, a P/E ratio of 35.73, a PEG ratio of 4.87 and a beta of 0.72.

TELUS (NYSE:TU - Get Free Report) TSE: T last announced its quarterly earnings data on Friday, August 1st. The Wireless communications provider reported $0.16 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.01). The company had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.63 billion. TELUS had a return on equity of 9.10% and a net margin of 4.67%.The business's quarterly revenue was up 2.2% compared to the same quarter last year. During the same period last year, the business earned $0.25 EPS.

TELUS Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Wednesday, September 10th will be issued a dividend of $0.3019 per share. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a $1.21 dividend on an annualized basis and a yield of 7.3%. This is a positive change from TELUS's previous quarterly dividend of $0.30. TELUS's payout ratio is presently 263.04%.

Hedge Funds Weigh In On TELUS

A number of hedge funds have recently bought and sold shares of TU. Parvin Asset Management LLC purchased a new position in TELUS during the 2nd quarter worth $27,000. Farther Finance Advisors LLC boosted its holdings in TELUS by 71.9% during the 1st quarter. Farther Finance Advisors LLC now owns 2,321 shares of the Wireless communications provider's stock worth $33,000 after acquiring an additional 971 shares during the last quarter. Blue Trust Inc. boosted its holdings in TELUS by 26.1% during the 2nd quarter. Blue Trust Inc. now owns 3,227 shares of the Wireless communications provider's stock worth $52,000 after acquiring an additional 667 shares during the last quarter. CWM LLC boosted its holdings in TELUS by 169.6% during the 2nd quarter. CWM LLC now owns 3,658 shares of the Wireless communications provider's stock worth $59,000 after acquiring an additional 2,301 shares during the last quarter. Finally, State of Wyoming purchased a new position in TELUS during the 2nd quarter worth $61,000. 49.40% of the stock is owned by hedge funds and other institutional investors.

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.

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