TELUS (TU) Set to Announce Quarterly Earnings on Wednesday

TELUS (NYSE:TU - Get Free Report) TSE: T will announce its 12/31/2023 earnings results on Wednesday, February 7th. Analysts expect the company to announce earnings of $0.17 per share for the quarter.

TELUS (NYSE:TU - Get Free Report) TSE: T last released its earnings results on Friday, November 3rd. The Wireless communications provider reported $0.19 EPS for the quarter, missing analysts' consensus estimates of $0.20 by ($0.01). The company had revenue of $3.73 billion during the quarter, compared to analyst estimates of $3.76 billion. TELUS had a return on equity of 7.65% and a net margin of 4.01%. On average, analysts expect TELUS to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

TELUS Stock Down 2.5 %

TU stock opened at $17.27 on Tuesday. The firm has a 50 day moving average of $18.06 and a 200 day moving average of $17.43. The stock has a market capitalization of $25.26 billion, a PE ratio of 42.11, a price-to-earnings-growth ratio of 3.36 and a beta of 0.75. The company has a quick ratio of 0.61, a current ratio of 0.66 and a debt-to-equity ratio of 1.34. TELUS has a 52 week low of $15.47 and a 52 week high of $21.34.

Hedge Funds Weigh In On TELUS

Several institutional investors have recently made changes to their positions in TU. Captrust Financial Advisors increased its holdings in shares of TELUS by 18.1% during the 2nd quarter. Captrust Financial Advisors now owns 4,669 shares of the Wireless communications provider's stock valued at $104,000 after purchasing an additional 717 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of TELUS by 125,940.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 6,302 shares of the Wireless communications provider's stock valued at $123,000 after purchasing an additional 6,297 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in TELUS by 59.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 5,666 shares of the Wireless communications provider's stock valued at $148,000 after acquiring an additional 2,109 shares during the period. Power Corp of Canada acquired a new stake in TELUS in the 1st quarter valued at $164,000. Finally, Cetera Investment Advisers acquired a new stake in TELUS in the 4th quarter valued at $196,000. 49.48% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on TU. StockNews.com cut shares of TELUS from a "hold" rating to a "sell" rating in a research note on Saturday, January 27th. JPMorgan Chase & Co. cut shares of TELUS from an "overweight" rating to a "neutral" rating in a research note on Thursday, January 4th.

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; 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.