TELUS Co. (NYSE:TU - Free Report) TSE: T - Cormark issued their Q1 2024 EPS estimates for shares of TELUS in a report released on Thursday, April 25th. Cormark analyst D. Mcfadgen forecasts that the Wireless communications provider will post earnings per share of $0.15 for the quarter. The consensus estimate for TELUS's current full-year earnings is $0.76 per share.
TELUS (NYSE:TU - Get Free Report) TSE: T last issued its quarterly earnings results on Friday, February 9th. The Wireless communications provider reported $0.18 EPS for the quarter, beating the consensus estimate of $0.17 by $0.01. TELUS had a net margin of 4.18% and a return on equity of 7.81%. The company had revenue of $5.20 billion during the quarter, compared to analysts' expectations of $5.24 billion. During the same quarter last year, the company posted $0.17 EPS. The firm's revenue was up 2.8% compared to the same quarter last year.
Several other equities analysts have also recently commented on TU. Scotiabank reissued a "sector perform" rating and issued a $26.00 price target (down previously from $28.00) on shares of TELUS in a research report on Monday, March 25th. StockNews.com lowered shares of TELUS from a "hold" rating to a "sell" rating in a report on Tuesday, March 26th. BMO Capital Markets reduced their price objective on shares of TELUS from $27.00 to $26.00 and set an "outperform" rating on the stock in a report on Monday, February 12th. Finally, JPMorgan Chase & Co. lowered shares of TELUS from an "overweight" rating to a "neutral" rating in a report on Thursday, January 4th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, TELUS presently has a consensus rating of "Hold" and a consensus target price of $27.72.
View Our Latest Research Report on TELUS
TELUS Stock Down 0.2 %
TU stock traded down $0.04 during midday trading on Friday, hitting $16.07. The company's stock had a trading volume of 1,544,884 shares, compared to its average volume of 2,465,781. The company has a quick ratio of 0.62, a current ratio of 0.67 and a debt-to-equity ratio of 1.35. TELUS has a 52-week low of $15.35 and a 52-week high of $21.28. The firm has a market capitalization of $23.71 billion, a P/E ratio of 37.36, a PEG ratio of 1.96 and a beta of 0.72. The firm has a 50-day simple moving average of $16.61 and a 200-day simple moving average of $17.26.
Institutional Investors Weigh In On TELUS
Several hedge funds and other institutional investors have recently bought and sold shares of TU. VisionPoint Advisory Group LLC grew its position in TELUS by 80.8% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 1,654 shares of the Wireless communications provider's stock worth $27,000 after purchasing an additional 739 shares during the last quarter. Gulf International Bank UK Ltd grew its position in TELUS by 39.8% during the 1st quarter. Gulf International Bank UK Ltd now owns 2,752 shares of the Wireless communications provider's stock worth $44,000 after purchasing an additional 784 shares during the last quarter. Assenagon Asset Management S.A. grew its position in TELUS by 7.0% during the 1st quarter. Assenagon Asset Management S.A. now owns 13,631 shares of the Wireless communications provider's stock worth $218,000 after purchasing an additional 892 shares during the last quarter. Ingalls & Snyder LLC grew its position in TELUS by 5.8% during the 4th quarter. Ingalls & Snyder LLC now owns 18,180 shares of the Wireless communications provider's stock worth $323,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Value Partners Investments Inc. grew its position in TELUS by 7.6% during the 3rd quarter. Value Partners Investments Inc. now owns 14,259 shares of the Wireless communications provider's stock worth $234,000 after purchasing an additional 1,010 shares during the last quarter. 49.40% of the stock is currently owned by institutional investors and hedge funds.
TELUS Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Monday, March 11th were paid a dividend of $0.2793 per share. This is a positive change from TELUS's previous quarterly dividend of $0.27. This represents a $1.12 annualized dividend and a yield of 6.95%. The ex-dividend date was Friday, March 8th. TELUS's dividend payout ratio (DPR) is currently 255.81%.
About TELUS
(
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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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