FY2024 Earnings Estimate for TELUS Issued By Desjardins

TELUS Co. (TSE:T) (NYSE:TU) – Equities researchers at Desjardins lifted their FY2024 EPS estimates for TELUS in a research note issued to investors on Monday, November 11th. Desjardins analyst J. Dubreuil now forecasts that the company will post earnings per share of $0.99 for the year, up from their previous estimate of $0.96. The consensus estimate for TELUS’s current full-year earnings is $1.23 per share. Desjardins also issued estimates for TELUS’s FY2025 earnings at $1.00 EPS.

T has been the subject of a number of other research reports. Royal Bank of Canada dropped their target price 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 lowered their price target 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. Scotiabank raised TELUS from a “sector perform” rating to an “outperform” rating in a report on Monday, October 28th. Canaccord Genuity Group cut TELUS from a “buy” rating to a “hold” rating and lowered their target price for the stock from C$23.00 to C$21.50 in a report on Tuesday, August 6th. Finally, Cormark cut their price target on TELUS from C$26.00 to C$25.00 in a research note on Monday, November 11th. One analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, TELUS currently has a consensus rating of “Moderate Buy” and an average price target of C$24.46.

TELUS Price Performance

Shares of TSE:T opened at C$21.39 on Thursday. TELUS has a 12 month low of C$20.04 and a 12 month high of C$25.94. The stock has a market capitalization of C$31.66 billion, a PE ratio of 40.15, a PEG ratio of 1.65 and a beta of 0.72. The company has a current ratio of 0.66, a quick ratio of 0.52 and a debt-to-equity ratio of 171.58. The firm has a 50 day moving average of C$22.31 and a 200-day moving average of C$22.05.

TELUS Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Wednesday, December 11th will be given a dividend of $0.402 per share. The ex-dividend date is Wednesday, December 11th. This is an increase from TELUS’s previous quarterly dividend of $0.39. This represents a $1.61 annualized dividend and a dividend yield of 7.52%. TELUS’s payout ratio is presently 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.