National Bank Financial Weighs in on TELUS FY2025 Earnings

TELUS Corporation (NYSE:TU - Free Report) TSE: T - Research analysts at National Bank Financial dropped their FY2025 earnings per share (EPS) estimates for shares of TELUS in a research note issued to investors on Sunday, June 29th. National Bank Financial analyst A. Shine now expects that the Wireless communications provider will post earnings per share of $0.80 for the year, down from their prior forecast of $0.81. The consensus estimate for TELUS's current full-year earnings is $0.71 per share.

A number of other equities research analysts have also recently weighed in on the company. Bank of America cut TELUS from a "buy" rating to a "neutral" rating in a report on Friday, March 21st. Canaccord Genuity Group raised their price target on TELUS from $20.25 to $21.50 and gave the company a "hold" rating in a report on Monday, May 12th. Finally, National Bankshares reaffirmed a "sector perform" rating on shares of TELUS in a report on Monday, May 12th. Eight analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, TELUS currently has a consensus rating of "Hold" and a consensus price target of $21.50.

TELUS Price Performance

TU stock traded down $0.01 during midday trading on Wednesday, reaching $16.22. 1,334,566 shares of the company's stock traded hands, compared to its average volume of 2,985,631. The company has a 50-day simple moving average of $15.91 and a two-hundred day simple moving average of $15.00. TELUS has a 1-year low of $13.24 and a 1-year high of $17.27. The company has a market cap of $24.74 billion, a price-to-earnings ratio of 28.46, a PEG ratio of 4.95 and a beta of 0.73. The company has a quick ratio of 0.59, a current ratio of 0.64 and a debt-to-equity ratio of 1.49.

TELUS Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 2nd. Shareholders of record on Tuesday, June 10th were given a $0.2989 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 7.37%. This is a positive change from TELUS's previous quarterly dividend of $0.28. The ex-dividend date was Tuesday, June 10th. TELUS's dividend payout ratio (DPR) is presently 212.28%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Mackenzie Financial Corp grew its stake in shares of TELUS by 22.6% during the fourth quarter. Mackenzie Financial Corp now owns 49,232,693 shares of the Wireless communications provider's stock worth $667,840,000 after purchasing an additional 9,068,181 shares during the period. Bank of Nova Scotia lifted its holdings in TELUS by 28.3% during the fourth quarter. Bank of Nova Scotia now owns 30,219,141 shares of the Wireless communications provider's stock worth $409,662,000 after acquiring an additional 6,659,564 shares in the last quarter. Vanguard Group Inc. lifted its holdings in TELUS by 1.5% during the first quarter. Vanguard Group Inc. now owns 26,185,917 shares of the Wireless communications provider's stock worth $375,585,000 after acquiring an additional 384,510 shares in the last quarter. Federation des caisses Desjardins du Quebec lifted its holdings in TELUS by 9.2% during the first quarter. Federation des caisses Desjardins du Quebec now owns 22,899,251 shares of the Wireless communications provider's stock worth $328,588,000 after acquiring an additional 1,938,521 shares in the last quarter. Finally, Scotia Capital Inc. lifted its holdings in TELUS by 4.7% during the first quarter. Scotia Capital Inc. now owns 18,553,552 shares of the Wireless communications provider's stock worth $266,146,000 after acquiring an additional 831,282 shares in the last quarter. 49.40% of the stock is currently owned by institutional investors.

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.