TELUS (TU) to Release Quarterly Earnings on Thursday

TELUS (NYSE:TU) (TSE:T) is scheduled to be announcing its earnings results before the market opens on Thursday, February 8th. Analysts expect the company to announce earnings of $0.44 per share for the quarter.

TELUS (NYSE:TU) (TSE:T) last released its earnings results on Thursday, November 9th. The Wireless communications provider reported $0.52 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.53 by ($0.01). The firm had revenue of $2.68 billion during the quarter, compared to the consensus estimate of $2.66 billion. TELUS had a net margin of 9.61% and a return on equity of 18.72%. On average, analysts expect TELUS to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Shares of TELUS (TU) opened at $37.67 on Thursday. The company has a market capitalization of $22,260.00, a P/E ratio of 21.90, a price-to-earnings-growth ratio of 2.07 and a beta of 0.94. The company has a debt-to-equity ratio of 1.44, a current ratio of 0.55 and a quick ratio of 0.48. TELUS has a 12 month low of $31.28 and a 12 month high of $38.50.

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 2nd. Shareholders of record on Monday, December 11th were paid a $0.505 dividend. This is a boost from TELUS’s previous quarterly dividend of $0.39. The ex-dividend date was Friday, December 8th. This represents a $2.02 annualized dividend and a yield of 5.36%. TELUS’s payout ratio is presently 92.44%.

Several equities research analysts have commented on TU shares. Bank of America started coverage on TELUS in a research note on Tuesday, November 21st. They issued a “neutral” rating and a $39.00 target price on the stock. Zacks Investment Research cut TELUS from a “hold” rating to a “sell” rating in a research note on Saturday, January 20th. Royal Bank of Canada upgraded TELUS from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from $47.00 to $51.00 in a research note on Friday, November 10th. Morgan Stanley boosted their target price on TELUS from $48.00 to $51.00 and gave the company an “equal weight” rating in a research note on Friday, November 17th. Finally, Barclays boosted their target price on TELUS from $41.00 to $42.00 and gave the company an “overweight” rating in a research note on Friday, November 10th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $45.14.

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About TELUS

TELUS Corporation (TELUS) is a telecommunications company. The Company provides a range of telecommunications services and products, including wireless and wireline voice and data. Its data services include Internet protocol (IP), television (TV), hosting, managed information technology and cloud-based services, and certain healthcare solutions.

Earnings History for TELUS (NYSE:TU)

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