Analysts expect TELUS Co. (NYSE:TU) (TSE:T) to post $2.88 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for TELUS’s earnings, with estimates ranging from $2.86 billion to $2.90 billion. TELUS reported sales of $2.89 billion in the same quarter last year, which would suggest a negative year over year growth rate of 0.3%. The company is scheduled to announce its next earnings report on Thursday, November 14th.
On average, analysts expect that TELUS will report full-year sales of $11.18 billion for the current year, with estimates ranging from $11.11 billion to $11.26 billion. For the next financial year, analysts anticipate that the business will post sales of $11.57 billion, with estimates ranging from $11.48 billion to $11.68 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow TELUS.
TELUS (NYSE:TU) (TSE:T) last posted its quarterly earnings results on Friday, August 2nd. The Wireless communications provider reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.01). TELUS had a net margin of 11.91% and a return on equity of 16.75%. The business had revenue of $2.75 billion during the quarter, compared to the consensus estimate of $2.69 billion.
TU has been the topic of a number of analyst reports. Citigroup lowered shares of TELUS from a “buy” rating to a “neutral” rating in a report on Wednesday, July 3rd. Zacks Investment Research raised shares of TELUS from a “sell” rating to a “hold” rating in a report on Tuesday, May 14th. Bank of America reaffirmed a “hold” rating on shares of TELUS in a report on Friday, May 10th. Canaccord Genuity lowered shares of TELUS from a “buy” rating to a “hold” rating in a report on Monday, July 22nd. Finally, Barclays reaffirmed a “buy” rating and set a $41.00 target price on shares of TELUS in a report on Sunday, May 12th. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. TELUS presently has a consensus rating of “Buy” and an average price target of $41.00.
Hedge funds have recently added to or reduced their stakes in the business. Kempen Capital Management N.V. purchased a new position in TELUS in the 2nd quarter worth approximately $45,000. Northwestern Mutual Wealth Management Co. purchased a new position in TELUS in the 1st quarter worth approximately $54,000. Lindbrook Capital LLC purchased a new position in TELUS in the 2nd quarter worth approximately $68,000. Neuburgh Advisers LLC grew its stake in TELUS by 13.2% in the 2nd quarter. Neuburgh Advisers LLC now owns 3,152 shares of the Wireless communications provider’s stock worth $112,000 after buying an additional 368 shares in the last quarter. Finally, Aperio Group LLC purchased a new position in TELUS in the 2nd quarter worth approximately $116,000. 51.10% of the stock is owned by institutional investors and hedge funds.
TELUS stock traded up $0.07 during midday trading on Friday, reaching $35.88. 290,390 shares of the stock were exchanged, compared to its average volume of 393,716. The company’s fifty day moving average is $36.51 and its 200-day moving average is $36.55. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.66 and a current ratio of 0.71. The firm has a market cap of $21.74 billion, a PE ratio of 16.77, a PEG ratio of 2.03 and a beta of 0.71. TELUS has a 52 week low of $32.46 and a 52 week high of $38.32.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 10th will be paid a $0.426 dividend. This represents a $1.70 dividend on an annualized basis and a yield of 4.75%. The ex-dividend date of this dividend is Monday, September 9th. This is a boost from TELUS’s previous quarterly dividend of $0.42. TELUS’s payout ratio is currently 78.04%.
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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