Cormark Comments on TELUS Co.'s FY2024 Earnings (TSE:T)

TELUS Co. (TSE:T - Free Report) NYSE: TU - Cormark increased their FY2024 EPS estimates for TELUS in a research note issued on Wednesday, May 15th. Cormark analyst D. Mcfadgen now forecasts that the company will post earnings per share of $1.00 for the year, up from their prior estimate of $0.94. The consensus estimate for TELUS's current full-year earnings is $1.00 per share. Cormark also issued estimates for TELUS's FY2025 earnings at $1.10 EPS.

Other research analysts also recently issued research reports about the stock. CIBC cut their target price on shares of TELUS from C$28.00 to C$26.00 in a research report on Thursday, April 4th. Scotiabank cut their price objective on shares of TELUS from C$26.00 to C$24.25 and set a "sector perform" rating for the company in a report on Wednesday, April 17th. National Bankshares lowered their price objective on TELUS from C$26.00 to C$25.00 in a research report on Friday, May 10th. Barclays reduced their target price on TELUS from C$25.00 to C$24.00 in a research report on Monday, February 12th. Finally, JPMorgan Chase & Co. cut their price objective on TELUS from C$27.00 to C$24.00 in a research report on Wednesday, April 3rd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of C$25.33.

TELUS Trading Up 0.8 %

TELUS stock traded up C$0.17 during mid-day trading on Friday, hitting C$22.59. The company's stock had a trading volume of 2,995,732 shares, compared to its average volume of 3,019,001. The stock has a market cap of C$33.43 billion, a PE ratio of 38.66, a P/E/G ratio of 2.07 and a beta of 0.68. TELUS has a one year low of C$21.12 and a one year high of C$27.58. The company has a debt-to-equity ratio of 159.88, a quick ratio of 0.52 and a current ratio of 0.67. The company has a 50 day moving average of C$22.13 and a 200-day moving average of C$23.37.

TELUS Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 2nd. Investors of record on Monday, June 10th will be given a dividend of $0.389 per share. This is a boost from TELUS's previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Monday, June 10th. This represents a $1.56 dividend on an annualized basis and a yield of 6.89%. TELUS's dividend payout ratio (DPR) is presently 258.62%.

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.