Brokerages Anticipate TELUS Co. (NYSE:TU) Will Announce Earnings of $0.53 Per Share

Equities research analysts expect that TELUS Co. (NYSE:TU) (TSE:T) will announce earnings per share (EPS) of $0.53 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for TELUS’s earnings, with estimates ranging from $0.51 to $0.55. TELUS posted earnings of $0.54 per share during the same quarter last year, which suggests a negative year over year growth rate of 1.9%. The firm is expected to announce its next earnings results on Friday, August 2nd.

According to Zacks, analysts expect that TELUS will report full year earnings of $2.20 per share for the current financial year, with EPS estimates ranging from $2.10 to $2.26. For the next financial year, analysts expect that the business will report earnings of $2.36 per share, with EPS estimates ranging from $2.24 to $2.58. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that that provide coverage for TELUS.

TELUS (NYSE:TU) (TSE:T) last announced its quarterly earnings results on Thursday, May 9th. The Wireless communications provider reported $0.56 earnings per share (EPS) for the quarter, topping the Zacks’ 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 net margin of 11.15% and a return on equity of 16.98%. TELUS’s revenue was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.69 EPS.

A number of equities analysts recently issued reports on TU shares. Bank of America reiterated a “hold” rating on shares of TELUS in a research note on Friday, May 10th. Royal Bank of Canada reiterated a “buy” rating on shares of TELUS in a research note on Tuesday, April 9th. Echelon Wealth Partners reiterated a “buy” rating on shares of TELUS in a research note on Friday, February 15th. Canaccord Genuity reiterated a “buy” rating on shares of TELUS in a research note on Friday, February 15th. Finally, TheStreet upgraded shares of TELUS from a “c+” rating to a “b-” rating in a research note on Thursday, April 4th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $41.00.

TELUS stock traded down $0.35 during mid-day trading on Friday, reaching $36.22. The stock had a trading volume of 747,500 shares, compared to its average volume of 398,996. The stock has a market cap of $21.62 billion, a price-to-earnings ratio of 16.93, a PEG ratio of 2.14 and a beta of 0.76. TELUS has a one year low of $32.46 and a one year high of $38.32. 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 company also recently declared a quarterly dividend, which will be paid on Tuesday, July 2nd. Investors of record on Monday, June 10th will be paid a $0.4191 dividend. This is a boost from TELUS’s previous quarterly dividend of $0.41. The ex-dividend date is Friday, June 7th. This represents a $1.68 dividend on an annualized basis and a yield of 4.63%. TELUS’s payout ratio is presently 78.04%.

Large investors have recently modified their holdings of the business. JPMorgan Chase & Co. increased its position in shares of TELUS by 476.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 249,376 shares of the Wireless communications provider’s stock valued at $9,187,000 after purchasing an additional 206,136 shares during the last quarter. Legal & General Group Plc boosted its position in shares of TELUS by 78.7% during the 3rd quarter. Legal & General Group Plc now owns 97,977 shares of the Wireless communications provider’s stock valued at $3,608,000 after acquiring an additional 43,163 shares during the last quarter. Oppenheimer Asset Management Inc. bought a new position in shares of TELUS during the 4th quarter valued at approximately $51,000. BB&T Securities LLC boosted its position in shares of TELUS by 2.9% during the 4th quarter. BB&T Securities LLC now owns 26,863 shares of the Wireless communications provider’s stock valued at $890,000 after acquiring an additional 760 shares during the last quarter. Finally, Financial Gravity Companies Inc. bought a new position in shares of TELUS during the 4th quarter valued at approximately $38,000. 51.34% of the stock is owned by institutional investors and hedge funds.

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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