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

TELUS Co. (TSE:T) (NYSE:TU) – Analysts at Desjardins cut their FY2020 earnings per share estimates for shares of TELUS in a note issued to investors on Friday, July 19th. Desjardins analyst M. Yaghi now anticipates that the company will post earnings per share of $2.92 for the year, down from their prior estimate of $3.03.

TELUS (TSE:T) (NYSE:TU) last posted its quarterly earnings data on Thursday, May 9th. The company reported C$0.75 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.74 by C$0.01. The firm had revenue of C$3.51 billion for the quarter, compared to the consensus estimate of C$3.53 billion.

A number of other analysts also recently weighed in on T. Canaccord Genuity increased their price target on shares of TELUS from C$51.00 to C$52.00 in a report on Wednesday, May 1st. TD Securities reduced their price target on shares of Total Energy Services from C$11.50 to C$10.00 and set a “hold” rating for the company in a report on Friday, May 10th. Royal Bank of Canada reissued a “hold” rating on shares of Rogers Communications in a report on Tuesday, April 9th. Finally, JPMorgan Chase & Co. raised shares of M.D.C. from an “underweight” rating to a “neutral” rating in a report on Monday, July 8th.

TSE T opened at C$48.02 on Monday. The company has a current ratio of 0.77, a quick ratio of 0.58 and a debt-to-equity ratio of 157.70. The business’s fifty day moving average price is C$48.86. The company has a market cap of $28.97 billion and a P/E ratio of 17.79. TELUS has a 1 year low of C$43.88 and a 1 year high of C$51.22.

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 2nd. Investors of record on Monday, June 10th were given a dividend of $0.563 per share. The ex-dividend date was Friday, June 7th. This represents a $2.25 dividend on an annualized basis and a dividend yield of 4.69%. This is a boost from TELUS’s previous quarterly dividend of $0.55. TELUS’s dividend payout ratio (DPR) is 79.26%.


TELUS Corporation, together with its subsidiaries, provides a range of telecommunications products and services in Canada. It operates through Wireless and Wireline segments. The company's telecommunications products and services comprise wireless and wireline voice and data services; data services, including Internet protocol; television services; hosting, managed information technology, and cloud-based services; healthcare solutions; customer care and business services; and home and business security solutions.

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Earnings History and Estimates for TELUS (TSE:T)

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