Desjardins Has Pessimistic Outlook of TELUS FY2027 Earnings

TELUS Co. (NYSE:TU) (TSE:T) – Stock analysts at Desjardins reduced their FY2027 earnings per share estimates for shares of TELUS in a report issued on Monday, May 12th. Desjardins analyst J. Dubreuil now anticipates that the Wireless communications provider will post earnings per share of $0.84 for the year, down from their prior estimate of $0.85. The consensus estimate for TELUS’s current full-year earnings is $0.71 per share.

A number of other brokerages have also issued reports on TU. Bank of America lowered TELUS from a “buy” rating to a “neutral” rating in a research note on Friday, March 21st. StockNews.com raised TELUS from a “sell” rating to a “hold” rating in a research note on Monday, February 10th. Cormark lowered TELUS from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, March 4th. Finally, Canaccord Genuity Group raised their price target on TELUS from $20.25 to $21.50 and gave the stock a “hold” rating in a research note on Monday. Seven analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $21.50.

TELUS Price Performance

Shares of TU stock opened at $15.94 on Tuesday. TELUS has a 52-week low of $13.24 and a 52-week high of $17.27. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.61 and a current ratio of 0.68. The firm has a market capitalization of $24.13 billion, a P/E ratio of 32.52, a P/E/G ratio of 5.18 and a beta of 0.73. The stock has a 50 day moving average price of $14.81 and a 200 day moving average price of $14.82.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Farther Finance Advisors LLC grew its stake in TELUS by 71.9% during the 1st quarter. Farther Finance Advisors LLC now owns 2,321 shares of the Wireless communications provider’s stock worth $33,000 after buying an additional 971 shares during the last quarter. NBC Securities Inc. grew its stake in TELUS by 112,425.0% during the 1st quarter. NBC Securities Inc. now owns 4,501 shares of the Wireless communications provider’s stock worth $64,000 after buying an additional 4,497 shares during the last quarter. Avior Wealth Management LLC grew its stake in TELUS by 1,756.0% during the 4th quarter. Avior Wealth Management LLC now owns 4,807 shares of the Wireless communications provider’s stock worth $65,000 after buying an additional 4,548 shares during the last quarter. Trust Co. of Vermont grew its stake in TELUS by 10.5% during the 1st quarter. Trust Co. of Vermont now owns 8,423 shares of the Wireless communications provider’s stock worth $121,000 after buying an additional 800 shares during the last quarter. Finally, Optiver Holding B.V. purchased a new position in TELUS during the 4th quarter worth $120,000. 49.40% of the stock is owned by institutional investors.

TELUS Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Tuesday, June 10th will be given a dividend of $0.2989 per share. The ex-dividend date of this dividend is Tuesday, June 10th. This is a positive change from TELUS’s previous quarterly dividend of $0.28. This represents a $1.20 dividend on an annualized basis and a yield of 7.50%. TELUS’s payout ratio is 226.53%.

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.