FY2025 EPS Estimates for TELUS Digital Boosted by Desjardins

TELUS Digital (NYSE:TIXT) – Analysts at Desjardins raised their FY2025 earnings per share estimates for shares of TELUS Digital in a report issued on Monday, May 12th. Desjardins analyst J. Dubreuil now expects that the company will post earnings of $0.32 per share for the year, up from their prior forecast of $0.30. The consensus estimate for TELUS Digital’s current full-year earnings is $0.32 per share.

TELUS Digital (NYSE:TIXT) last issued its quarterly earnings data on Friday, May 9th. The company reported $0.06 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.06. The business had revenue of $647.04 million for the quarter, compared to the consensus estimate of $650.18 million. TELUS Digital had a positive return on equity of 5.73% and a negative net margin of 2.30%.

TIXT has been the topic of a number of other research reports. National Bank Financial upgraded shares of TELUS Digital from a “sector perform” rating to an “outperform” rating in a research report on Friday, May 9th. Stifel Canada raised shares of TELUS Digital to a “strong-buy” rating in a research note on Wednesday, January 15th. Scotiabank reduced their price objective on shares of TELUS Digital from $5.00 to $3.00 and set a “sector perform” rating on the stock in a research report on Tuesday, April 29th. Stifel Nicolaus began coverage on shares of TELUS Digital in a research note on Thursday, January 16th. They issued a “buy” rating and a $5.00 price objective for the company. Finally, TD Securities boosted their target price on TELUS Digital from $3.75 to $4.00 and gave the company a “hold” rating in a research report on Friday, February 14th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $4.07.

TELUS Digital Stock Performance

NYSE:TIXT opened at $2.96 on Wednesday. The firm has a market capitalization of $815.92 million, a PE ratio of -8.46, a PEG ratio of 4.71 and a beta of 0.72. The stock’s fifty day moving average is $2.60 and its 200 day moving average is $3.31. TELUS Digital has a fifty-two week low of $2.13 and a fifty-two week high of $6.86. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.95 and a current ratio of 0.95.

Hedge Funds Weigh In On TELUS Digital

Institutional investors have recently modified their holdings of the stock. Aquatic Capital Management LLC purchased a new stake in shares of TELUS Digital in the fourth quarter valued at approximately $37,000. Two Sigma Securities LLC bought a new stake in TELUS Digital during the 4th quarter valued at $42,000. Bayesian Capital Management LP purchased a new stake in shares of TELUS Digital in the 4th quarter worth $45,000. PDT Partners LLC purchased a new stake in shares of TELUS Digital in the 4th quarter worth $61,000. Finally, Virtu Financial LLC grew its position in shares of TELUS Digital by 69.3% during the 4th quarter. Virtu Financial LLC now owns 23,202 shares of the company’s stock worth $91,000 after buying an additional 9,500 shares in the last quarter. 59.55% of the stock is owned by hedge funds and other institutional investors.

About TELUS Digital

TELUS Digital Inc design, builds, and delivers digital solutions for customer experience (CX) in the Asia-Pacific, the Central America, Europe, Africa, North America, and internationally. The company provides digital experience solutions, such as AI and bots, omnichannel CX, enterprise mobility solutions, cloud contact center, big data analytics, platform transformation, and UX/UI design; and customer experience solutions, including work anywhere/work from home, contact center outsourcing, technical support, sales growth and customer retention, healthcare/patient experience, and debt collection.