Desjardins Issues Pessimistic Outlook for TELUS Earnings

TELUS Corporation (NYSE:TU) (TSE:T) – Stock analysts at Desjardins dropped their FY2027 earnings estimates for shares of TELUS in a note issued to investors on Sunday, November 9th. Desjardins analyst J. Dubreuil now anticipates that the Wireless communications provider will post earnings of $0.75 per share 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.

TELUS (NYSE:TU) (TSE:T) last posted its quarterly earnings results on Friday, November 7th. The Wireless communications provider reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.02). TELUS had a return on equity of 8.76% and a net margin of 5.71%.The business had revenue of $3.67 billion during the quarter, compared to analyst estimates of $3.77 billion. During the same quarter last year, the firm posted $0.28 EPS. The company’s quarterly revenue was up .1% compared to the same quarter last year.

Several other equities research analysts have also issued reports on the company. Weiss Ratings reiterated a “hold (c-)” rating on shares of TELUS in a report on Thursday, October 30th. Barclays decreased their target price on shares of TELUS from $15.00 to $14.00 and set an “equal weight” rating for the company in a research report on Monday. Finally, Scotiabank restated an “outperform” rating on shares of TELUS in a report on Tuesday, July 15th. One equities research analyst has rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $17.75.

TELUS Stock Down 0.1%

Shares of TELUS stock traded down $0.02 during midday trading on Wednesday, hitting $14.78. The company’s stock had a trading volume of 83,476 shares, compared to its average volume of 3,564,345. The firm has a market capitalization of $22.68 billion, a P/E ratio of 26.86, a PEG ratio of 5.01 and a beta of 0.71. TELUS has a 1-year low of $13.24 and a 1-year high of $16.74. The company has a quick ratio of 0.81, a current ratio of 0.76 and a debt-to-equity ratio of 1.47. The stock has a 50-day simple moving average of $15.44 and a 200-day simple moving average of $15.87.

TELUS Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Thursday, December 11th will be given a $0.4184 dividend. This is an increase from TELUS’s previous quarterly dividend of $0.30. This represents a $1.67 annualized dividend and a dividend yield of 11.3%. The ex-dividend date of this dividend is Thursday, December 11th. TELUS’s dividend payout ratio (DPR) is 220.00%.

Institutional Investors Weigh In On TELUS

A number of hedge funds have recently made changes to their positions in the company. Achmea Investment Management B.V. raised its position in TELUS by 2,950.8% in the 2nd quarter. Achmea Investment Management B.V. now owns 34,901 shares of the Wireless communications provider’s stock valued at $560,000 after purchasing an additional 33,757 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of TELUS by 196.2% in the first quarter. Goldman Sachs Group Inc. now owns 11,836,479 shares of the Wireless communications provider’s stock valued at $169,735,000 after buying an additional 7,840,264 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of TELUS by 39.7% in the first quarter. Bank of New York Mellon Corp now owns 651,054 shares of the Wireless communications provider’s stock valued at $9,336,000 after buying an additional 185,020 shares during the last quarter. Principal Financial Group Inc. grew its holdings in TELUS by 14.0% during the 1st quarter. Principal Financial Group Inc. now owns 64,200 shares of the Wireless communications provider’s stock worth $921,000 after acquiring an additional 7,900 shares during the last quarter. Finally, American Century Companies Inc. grew its holdings in TELUS by 43.4% during the 1st quarter. American Century Companies Inc. now owns 171,551 shares of the Wireless communications provider’s stock worth $2,461,000 after acquiring an additional 51,886 shares during the last quarter. Institutional investors and hedge funds own 49.40% of the company’s stock.

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.