National Bank Financial Lowers Earnings Estimates for TELUS

Key Points

• National Bank Financial has lowered its FY2026 earnings per share estimates for TELUS from $0.90 to $0.85, while the current consensus estimate is at $0.71 per share.
• TELUS reported $0.16 EPS in its latest quarterly results, missing the consensus estimate of $0.17, despite achieving revenues of $3.74 billion which exceeded projections.
• The company has announced an increase in its quarterly dividend to $0.3019 per share, reflecting a dividend yield of 7.6% and a payout ratio of 263.04%.

TELUS Corporation (NYSE:TU - Free Report) TSE: T - Research analysts at National Bank Financial reduced their FY2026 earnings per share estimates for TELUS in a report released on Monday, August 4th. National Bank Financial analyst A. Shine now anticipates that the Wireless communications provider will post earnings of $0.85 per share for the year, down from their prior forecast of $0.90. The consensus estimate for TELUS's current full-year earnings is $0.71 per share.

TELUS (NYSE:TU - Get Free Report) TSE: T last released its earnings results 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 company's revenue for the quarter was up 2.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.25 earnings per share.

Several other research analysts also recently weighed in on TU. Scotiabank reiterated an "outperform" rating on shares of TELUS in a research note on Tuesday, July 15th. Canaccord Genuity Group lifted their price objective 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. Finally, National Bankshares reissued a "sector perform" rating on shares of TELUS in a report on Monday, May 12th. Seven investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $21.50.

TELUS Price Performance

TU stock opened at $15.87 on Thursday. The business has a 50 day moving average price of $16.22 and a 200 day moving average price of $15.41. The company has a quick ratio of 0.59, a current ratio of 0.86 and a debt-to-equity ratio of 1.72. The stock has a market cap of $24.19 billion, a price-to-earnings ratio of 34.49, a PEG ratio of 4.83 and a beta of 0.73. TELUS has a fifty-two week low of $13.24 and a fifty-two week high of $17.26.

TELUS Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Wednesday, September 10th will be given a dividend of $0.3019 per share. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a $1.21 annualized dividend and a dividend yield of 7.6%. This is an increase from TELUS's previous quarterly dividend of $0.30. TELUS's dividend payout ratio is currently 263.04%.

Hedge Funds Weigh In On TELUS

A number of large investors have recently bought and sold shares of the business. Farther Finance Advisors LLC boosted its position 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 period. Blue Trust Inc. raised its position in shares of 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 buying an additional 667 shares in the last quarter. CWM LLC lifted its stake in shares of TELUS by 169.6% in 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 period. NBC Securities Inc. lifted its stake in shares of TELUS by 112,425.0% in the 1st quarter. NBC Securities Inc. now owns 4,501 shares of the Wireless communications provider's stock worth $64,000 after acquiring an additional 4,497 shares during the period. Finally, Optiver Holding B.V. bought a new position in shares of TELUS in the fourth quarter valued at approximately $120,000. Institutional investors own 49.40% of the company's stock.

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.

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