Research Analysts Set Expectations for TELUS FY2025 Earnings

Key Points

• National Bank Financial has reduced its FY2025 earnings estimates for TELUS to $0.77 per share, down from a previous forecast of $0.80.
• TELUS reported a quarterly earnings miss with $0.16 EPS, which fell short of analysts' expectations of $0.17, despite revenue exceeding estimates at $3.74 billion.
• The company has announced an increased quarterly dividend of $0.3019, yielding 7.7%, up from the previous dividend of $0.30.

TELUS Corporation (NYSE:TU - Free Report) TSE: T - Equities research analysts at National Bank Financial reduced their FY2025 earnings per share estimates for TELUS in a report issued on Monday, August 4th. National Bank Financial analyst A. Shine now forecasts that the Wireless communications provider will earn $0.77 per share for the year, down from their prior estimate of $0.80. The consensus estimate for TELUS's current full-year earnings is $0.71 per share.

A number of other research firms also recently issued reports on TU. Canaccord Genuity Group lifted their target price on TELUS from $20.25 to $21.50 and gave the company a "hold" rating in a research report on Monday, May 12th. National Bankshares reissued a "sector perform" rating on shares of TELUS in a research report on Monday, May 12th. Finally, Scotiabank restated an "outperform" rating on shares of TELUS in a research note on Tuesday, July 15th. Seven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $21.50.

TELUS Stock Down 0.0%

Shares of TU stock traded down $0.01 on Wednesday, hitting $16.08. 2,477,054 shares of the stock were exchanged, compared to its average volume of 3,272,672. The company has a current ratio of 0.86, a quick ratio of 0.59 and a debt-to-equity ratio of 1.72. The firm has a market capitalization of $24.51 billion, a P/E ratio of 34.95, a price-to-earnings-growth ratio of 4.67 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. The business has a 50-day moving average of $16.22 and a 200 day moving average of $15.42.

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

TELUS Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Wednesday, September 10th will be given a $0.3019 dividend. The ex-dividend date is Wednesday, September 10th. This is a positive change from TELUS's previous quarterly dividend of $0.30. This represents a $1.21 dividend on an annualized basis and a dividend yield of 7.5%. TELUS's dividend payout ratio (DPR) is presently 263.04%.

Institutional Investors Weigh In On TELUS

Large investors have recently added to or reduced their stakes in the stock. Mackenzie Financial Corp grew its holdings in shares of TELUS by 22.6% during the 4th 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 in the last quarter. Bank of Nova Scotia raised its position in shares of TELUS by 28.3% in the 4th quarter. Bank of Nova Scotia now owns 30,219,141 shares of the Wireless communications provider's stock valued at $409,662,000 after buying an additional 6,659,564 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of TELUS by 1.5% during the 1st 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 during the period. Federation des caisses Desjardins du Quebec increased its stake in TELUS by 9.2% in the first quarter. Federation des caisses Desjardins du Quebec now owns 22,899,251 shares of the Wireless communications provider's stock valued at $328,588,000 after acquiring an additional 1,938,521 shares during the last quarter. Finally, Scotia Capital Inc. raised its position 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 valued at $266,146,000 after purchasing an additional 831,282 shares in the last quarter. Institutional investors and hedge funds own 49.40% of the company's stock.

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.