FY2025 EPS Estimates for TELUS Digital Raised by Analyst

TELUS Digital (NYSE:TIXT - Free Report) - Stock analysts at Desjardins increased their FY2025 EPS estimates for TELUS Digital in a note issued to investors on Monday, May 12th. Desjardins analyst J. Dubreuil now forecasts that the company will post earnings per share of $0.32 for the year, up from their previous estimate of $0.30. The consensus estimate for TELUS Digital's current full-year earnings is $0.32 per share.

Several other research analysts have also recently issued reports on the stock. National Bankshares lowered their target price on shares of TELUS Digital from $4.25 to $3.00 and set a "sector perform" rating for the company in a report on Friday, April 25th. TD Securities upped their price target on shares of TELUS Digital from $3.75 to $4.00 and gave the company a "hold" rating in a research report on Friday, February 14th. Scotiabank reduced their price target on shares of TELUS Digital from $5.00 to $3.00 and set a "sector perform" rating for the company in a research report on Tuesday, April 29th. Barclays reduced their price target on shares of TELUS Digital from $5.00 to $3.00 and set an "equal weight" rating for the company in a research report on Friday, April 25th. Finally, BMO Capital Markets reduced their price target on shares of TELUS Digital from $4.50 to $3.00 and set a "market perform" rating for the company in a research report on Monday, May 12th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, TELUS Digital has an average rating of "Hold" and an average price target of $4.07.

TELUS Digital Stock Up 0.9%

Shares of TELUS Digital stock traded up $0.03 during trading hours on Wednesday, hitting $2.86. The company had a trading volume of 175,711 shares, compared to its average volume of 397,194. The company's 50-day moving average is $2.59 and its two-hundred day moving average is $3.29. TELUS Digital has a twelve month low of $2.13 and a twelve month high of $6.86. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.95 and a quick ratio of 0.95. The company has a market cap of $786.98 million, a P/E ratio of -8.16, a price-to-earnings-growth ratio of 4.71 and a beta of 0.72.

TELUS Digital (NYSE:TIXT - Get Free Report) last announced its earnings results on Friday, May 9th. The company reported $0.06 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.06. The business had revenue of $647.04 million for the quarter, compared to analyst estimates of $650.18 million. TELUS Digital had a negative net margin of 2.30% and a positive return on equity of 5.73%.

Institutional Investors Weigh In On TELUS Digital

Several institutional investors have recently bought and sold shares of the stock. Wells Fargo & Company MN lifted its holdings in TELUS Digital by 1.1% in the fourth quarter. Wells Fargo & Company MN now owns 316,626 shares of the company's stock worth $1,244,000 after purchasing an additional 3,397 shares during the period. Franklin Resources Inc. raised its position in TELUS Digital by 3.3% in the fourth quarter. Franklin Resources Inc. now owns 113,690 shares of the company's stock worth $446,000 after acquiring an additional 3,667 shares in the last quarter. Public Employees Retirement System of Ohio raised its position in TELUS Digital by 18.8% in the fourth quarter. Public Employees Retirement System of Ohio now owns 34,862 shares of the company's stock worth $137,000 after acquiring an additional 5,509 shares in the last quarter. Blue Trust Inc. raised its position in TELUS Digital by 27.3% in the fourth quarter. Blue Trust Inc. now owns 28,560 shares of the company's stock worth $112,000 after acquiring an additional 6,132 shares in the last quarter. Finally, DORCHESTER WEALTH MANAGEMENT Co raised its position in TELUS Digital by 17.5% in the fourth quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 56,135 shares of the company's stock worth $220,000 after acquiring an additional 8,350 shares in the last quarter. Institutional investors and hedge funds own 59.55% of the company's stock.

About TELUS Digital

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.