TELUS (NYSE:TU) Posts Earnings Results, Beats Expectations By $0.09 EPS

TELUS (NYSE:TU) (TSE:T) issued its quarterly earnings results on Friday. The Wireless communications provider reported $0.25 EPS for the quarter, beating the consensus estimate of $0.16 by $0.09, Briefing.com reports. The company had revenue of $3.64 billion for the quarter, compared to the consensus estimate of $3.70 billion. TELUS had a net margin of 3.73% and a return on equity of 7.90%. During the same period in the prior year, the firm posted $0.14 EPS.

TELUS Trading Down 2.3 %

TU stock traded down $0.39 during trading on Monday, reaching $16.22. 2,598,313 shares of the stock traded hands, compared to its average volume of 2,301,853. The business’s 50 day moving average price is $15.81 and its 200-day moving average price is $16.48. TELUS has a 52-week low of $14.63 and a 52-week high of $19.14. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.75 and a quick ratio of 0.70. The firm has a market capitalization of $24.04 billion, a PE ratio of 41.59, a P/E/G ratio of 2.51 and a beta of 0.73.

TELUS Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 10th will be given a $0.284 dividend. The ex-dividend date is Tuesday, September 10th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 7.00%. This is an increase from TELUS’s previous quarterly dividend of $0.28. TELUS’s payout ratio is currently 292.32%.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of TELUS from a “hold” rating to a “sell” rating in a research note on Friday, June 14th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, TELUS currently has an average rating of “Hold” and a consensus price target of $26.20.

TELUS Company Profile

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.