What is Cormark’s Forecast for TELUS Q3 Earnings?

TELUS Co. (TSE:T) (NYSE:TU) – Analysts at Cormark issued their Q3 2024 earnings estimates for shares of TELUS in a research report issued to clients and investors on Monday, October 21st. Cormark analyst D. Mcfadgen anticipates that the company will earn $0.22 per share for the quarter. The consensus estimate for TELUS’s current full-year earnings is $1.23 per share.

A number of other analysts also recently commented on T. Royal Bank of Canada cut their price objective on shares of TELUS from C$26.00 to C$25.00 and set an “outperform” rating for the company in a report on Tuesday, August 6th. CIBC cut their price objective on shares of TELUS from C$25.00 to C$24.00 and set an “outperform” rating for the company in a report on Tuesday, August 6th. TD Securities cut their price objective on shares of TELUS from C$26.00 to C$25.00 and set a “buy” rating for the company in a report on Wednesday, August 7th. BMO Capital Markets increased their price objective on shares of TELUS from C$24.00 to C$25.00 in a report on Thursday, September 5th. Finally, Scotiabank cut their price objective on shares of TELUS from C$24.25 to C$24.00 in a report on Tuesday, August 6th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$24.54.

TELUS Trading Down 1.3 %

Shares of TELUS stock opened at C$22.08 on Wednesday. The firm has a market capitalization of C$32.68 billion, a PE ratio of 41.66, a P/E/G ratio of 1.65 and a beta of 0.72. TELUS has a twelve month low of C$20.04 and a twelve month high of C$25.94. The firm’s 50-day moving average price is C$22.31 and its 200 day moving average price is C$22.06. The company has a current ratio of 0.66, a quick ratio of 0.52 and a debt-to-equity ratio of 171.58.

TELUS (TSE:T) (NYSE:TU) last issued its quarterly earnings results on Friday, August 2nd. The company reported C$0.25 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.24 by C$0.01. The firm had revenue of C$4.97 billion for the quarter, compared to analyst estimates of C$5.04 billion. TELUS had a net margin of 3.91% and a return on equity of 4.67%.

Insider Transactions at TELUS

In related news, Director Marc Parent bought 10,530 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The stock was purchased at an average price of C$22.52 per share, for a total transaction of C$237,135.60. Insiders own 0.02% of the company’s stock.

TELUS Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 10th were issued a dividend of $0.389 per share. The ex-dividend date was Tuesday, September 10th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 7.05%. TELUS’s dividend payout ratio is currently 294.34%.

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.