Desjardins Analysts Lower Earnings Estimates for TELUS Co. (TSE:T)

TELUS Co. (TSE:T) (NYSE:TU) – Equities research analysts at Desjardins reduced their Q4 2024 earnings estimates for shares of TELUS in a report released on Tuesday, August 6th. Desjardins analyst J. Dubreuil now forecasts that the company will post earnings of $0.23 per share for the quarter, down from their previous forecast of $0.25. The consensus estimate for TELUS’s current full-year earnings is $1.00 per share.

TELUS (TSE:T) (NYSE:TU) last posted its quarterly earnings results on Friday, August 2nd. The company reported C$0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.24 by C$0.01. TELUS had a net margin of 4.20% and a return on equity of 4.96%. The firm had revenue of C$4.97 billion for the quarter, compared to analyst estimates of C$5.04 billion.

T has been the subject of several other research reports. Royal Bank of Canada reduced 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. Cormark decreased their target price on TELUS from C$27.00 to C$26.00 in a research report on Wednesday, May 15th. JPMorgan Chase & Co. lowered their target price on TELUS from C$24.00 to C$23.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 10th. Scotiabank reduced their price target on TELUS from C$24.25 to C$24.00 in a research note on Tuesday. Finally, CIBC lowered their price objective on TELUS from C$25.00 to C$24.00 and set an “outperform” rating on the stock in a research report on Tuesday. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of C$24.50.

TELUS Price Performance

TSE:T opened at C$22.51 on Wednesday. TELUS has a 12-month low of C$20.04 and a 12-month high of C$25.94. The firm has a market capitalization of C$33.31 billion, a price-to-earnings ratio of 43.29, a P/E/G ratio of 2.07 and a beta of 0.67. The stock’s 50 day moving average price is C$21.72 and its two-hundred day moving average price is C$22.42. The company has a quick ratio of 0.52, a current ratio of 0.67 and a debt-to-equity ratio of 159.88.

TELUS Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 10th will be given a $0.389 dividend. The ex-dividend date of this dividend is Tuesday, September 10th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 6.91%. TELUS’s dividend payout ratio (DPR) is presently 288.46%.

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.