$2.65 Billion in Sales Expected for TELUS Co. (TU) This Quarter

Wall Street analysts expect TELUS Co. (NYSE:TU) (TSE:T) to post sales of $2.65 billion for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for TELUS’s earnings, with estimates ranging from $2.64 billion to $2.65 billion. TELUS posted sales of $2.68 billion in the same quarter last year, which would suggest a negative year-over-year growth rate of 1.1%. The business is expected to report its next quarterly earnings results on Friday, August 2nd.

According to Zacks, analysts expect that TELUS will report full year sales of $10.97 billion for the current financial year, with estimates ranging from $10.91 billion to $11.04 billion. For the next year, analysts expect that the firm will report sales of $11.35 billion, with estimates ranging from $11.24 billion to $11.43 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow TELUS.

TELUS (NYSE:TU) (TSE:T) last posted its earnings results on Thursday, May 9th. The Wireless communications provider reported $0.56 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.01. The company had revenue of $3.51 billion for the quarter, compared to analysts’ expectations of $3.52 billion. TELUS had a return on equity of 16.98% and a net margin of 11.15%. TELUS’s quarterly revenue was up 3.8% on a year-over-year basis. During the same period last year, the firm earned $0.69 earnings per share.

Several research firms recently issued reports on TU. Zacks Investment Research cut TELUS from a “hold” rating to a “sell” rating in a research note on Wednesday, April 17th. Royal Bank of Canada reissued a “buy” rating on shares of TELUS in a research note on Tuesday, April 9th. Barclays reissued a “buy” rating and issued a $41.00 target price on shares of TELUS in a research note on Sunday, May 12th. TheStreet raised TELUS from a “c+” rating to a “b-” rating in a research note on Thursday, April 4th. Finally, Echelon Wealth Partners reissued a “buy” rating on shares of TELUS in a research note on Friday, February 15th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $41.00.

A number of institutional investors and hedge funds have recently modified their holdings of the business. ARP Americas LP lifted its holdings in TELUS by 2.5% in the fourth quarter. ARP Americas LP now owns 14,433 shares of the Wireless communications provider’s stock worth $479,000 after buying an additional 346 shares during the period. Gluskin Sheff & Assoc Inc. lifted its holdings in TELUS by 5.7% in the fourth quarter. Gluskin Sheff & Assoc Inc. now owns 7,044 shares of the Wireless communications provider’s stock worth $233,000 after buying an additional 380 shares during the period. Wellington Management Group LLP lifted its holdings in TELUS by 2.5% in the first quarter. Wellington Management Group LLP now owns 17,002 shares of the Wireless communications provider’s stock worth $629,000 after buying an additional 413 shares during the period. Proficio Capital Partners LLC lifted its holdings in TELUS by 199.7% in the fourth quarter. Proficio Capital Partners LLC now owns 959 shares of the Wireless communications provider’s stock worth $32,000 after buying an additional 639 shares during the period. Finally, Advisor Group Inc. lifted its holdings in TELUS by 21.2% in the fourth quarter. Advisor Group Inc. now owns 3,997 shares of the Wireless communications provider’s stock worth $132,000 after buying an additional 699 shares during the period. Institutional investors and hedge funds own 51.07% of the company’s stock.

Shares of NYSE TU traded down $0.08 during trading hours on Friday, hitting $37.11. The company’s stock had a trading volume of 43,008 shares, compared to its average volume of 386,146. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.77 and a quick ratio of 0.70. The stock has a market capitalization of $22.22 billion, a PE ratio of 17.30, a PEG ratio of 2.08 and a beta of 0.83. TELUS has a 12 month low of $32.46 and a 12 month high of $37.84.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 2nd. Shareholders of record on Monday, June 10th will be issued a $0.4191 dividend. The ex-dividend date of this dividend is Friday, June 7th. This is a positive change from TELUS’s previous quarterly dividend of $0.41. This represents a $1.68 annualized dividend and a yield of 4.52%. TELUS’s dividend payout ratio (DPR) is 77.10%.

TELUS Company Profile

TELUS Corporation, together with its subsidiaries, provides a range of telecommunications products and services in Canada. It operates through Wireless and Wireline segments. The company's telecommunications products and services comprise wireless and wireline voice and data services; data services, including Internet protocol; television services; hosting, managed information technology, and cloud-based services; healthcare solutions; customer care and business services; and home and business security solutions.

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Earnings History and Estimates for TELUS (NYSE:TU)

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