Desjardins Weighs in on TELUS’s FY2027 Earnings (NYSE:TU)

TELUS Co. (NYSE:TU) (TSE:T) – Equities researchers at Desjardins lowered their FY2027 earnings estimates for TELUS in a report issued on Monday, May 12th. Desjardins analyst J. Dubreuil now forecasts that the Wireless communications provider will post earnings per share of $0.84 for the year, down from their prior forecast of $0.85. The consensus estimate for TELUS’s current full-year earnings is $0.71 per share.

A number of other equities analysts have also commented on the stock. Bank of America lowered shares of TELUS from a “buy” rating to a “neutral” rating in a research note on Friday, March 21st. Cormark lowered shares of TELUS from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, March 4th. StockNews.com raised shares of TELUS from a “sell” rating to a “hold” rating in a research note on Monday, February 10th. Finally, Canaccord Genuity Group raised their price objective on shares of TELUS from $20.25 to $21.50 and gave the stock a “hold” rating in a research note on Monday. Seven research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, TELUS has an average rating of “Hold” and a consensus target price of $21.50.

TELUS Trading Down 1.6%

Shares of NYSE:TU opened at $15.68 on Tuesday. The stock has a market capitalization of $23.74 billion, a price-to-earnings ratio of 32.00, a PEG ratio of 5.18 and a beta of 0.73. TELUS has a 1-year low of $13.24 and a 1-year high of $17.27. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.61 and a current ratio of 0.68. The company has a 50 day moving average price of $14.81 and a 200 day moving average price of $14.82.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Mackenzie Financial Corp increased its holdings in shares of TELUS by 22.6% during the 4th quarter. Mackenzie Financial Corp now owns 49,232,693 shares of the Wireless communications provider’s stock worth $667,840,000 after purchasing an additional 9,068,181 shares during the period. Bank of Nova Scotia increased its holdings in shares of TELUS by 28.3% during the 4th quarter. Bank of Nova Scotia now owns 30,219,141 shares of the Wireless communications provider’s stock worth $409,662,000 after purchasing an additional 6,659,564 shares during the period. Vanguard Group Inc. increased its holdings in shares of TELUS by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 26,185,917 shares of the Wireless communications provider’s stock worth $375,585,000 after purchasing an additional 384,510 shares during the period. Scotia Capital Inc. increased its holdings in shares of TELUS by 4.7% during the 1st quarter. Scotia Capital Inc. now owns 18,553,552 shares of the Wireless communications provider’s stock worth $266,146,000 after purchasing an additional 831,282 shares during the period. Finally, Fiera Capital Corp increased its holdings in shares of TELUS by 1.2% during the 1st quarter. Fiera Capital Corp now owns 16,270,907 shares of the Wireless communications provider’s stock worth $233,606,000 after purchasing an additional 192,599 shares during the period. Institutional investors own 49.40% of the company’s stock.

TELUS Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Tuesday, June 10th will be issued a $0.2989 dividend. This represents a $1.20 annualized dividend and a yield of 7.63%. The ex-dividend date is Tuesday, June 10th. This is an increase from TELUS’s previous quarterly dividend of $0.28. TELUS’s dividend payout ratio (DPR) is 226.53%.

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.