Cormark Research Analysts Lower Earnings Estimates for TELUS

TELUS Corporation (NYSE:TU) (TSE:T) – Equities researchers at Cormark dropped their FY2025 earnings estimates for shares of TELUS in a note issued to investors on Monday, November 10th. Cormark analyst D. Mcfadgen now anticipates that the Wireless communications provider will post earnings per share of $0.73 for the year, down from their previous estimate of $0.78. The consensus estimate for TELUS’s current full-year earnings is $0.71 per share. Cormark also issued estimates for TELUS’s FY2026 earnings at $0.79 EPS.

Several other research analysts also recently weighed in on TU. Weiss Ratings reiterated a “hold (c-)” rating on shares of TELUS in a research note on Thursday, October 30th. Scotiabank reaffirmed an “outperform” rating on shares of TELUS in a report on Tuesday, July 15th. Finally, Barclays lowered their price objective on shares of TELUS from $15.00 to $14.00 and set an “equal weight” rating on the stock in a research report on Monday. One investment analyst has rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, TELUS currently has a consensus rating of “Hold” and an average target price of $17.75.

TELUS Stock Performance

Shares of TU stock opened at $14.78 on Wednesday. The stock’s 50-day moving average price is $15.44 and its 200 day moving average price is $15.87. The company has a quick ratio of 0.81, a current ratio of 0.76 and a debt-to-equity ratio of 1.47. The stock has a market capitalization of $22.68 billion, a PE ratio of 26.86, a price-to-earnings-growth ratio of 5.01 and a beta of 0.71. TELUS has a 52-week low of $13.24 and a 52-week high of $16.74.

TELUS (NYSE:TU) (TSE:T) last announced its earnings results on Friday, November 7th. The Wireless communications provider reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.02). TELUS had a net margin of 5.71% and a return on equity of 8.76%. The business had revenue of $3.67 billion during the quarter, compared to analysts’ expectations of $3.77 billion. During the same period in the previous year, the company posted $0.28 earnings per share. TELUS’s quarterly revenue was up .1% on a year-over-year basis.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Principal Financial Group Inc. lifted its holdings in TELUS by 14.0% in the first quarter. Principal Financial Group Inc. now owns 64,200 shares of the Wireless communications provider’s stock valued at $921,000 after acquiring an additional 7,900 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of TELUS by 39.7% in the 1st quarter. Bank of New York Mellon Corp now owns 651,054 shares of the Wireless communications provider’s stock valued at $9,336,000 after purchasing an additional 185,020 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of TELUS by 18.9% in the 1st quarter. Envestnet Asset Management Inc. now owns 474,054 shares of the Wireless communications provider’s stock valued at $6,798,000 after purchasing an additional 75,452 shares in the last quarter. Cerity Partners LLC lifted its stake in shares of TELUS by 33.1% in the first quarter. Cerity Partners LLC now owns 49,491 shares of the Wireless communications provider’s stock valued at $710,000 after purchasing an additional 12,300 shares during the period. Finally, Montrusco Bolton Investments Inc. boosted its holdings in TELUS by 7.1% during the first quarter. Montrusco Bolton Investments Inc. now owns 1,169,763 shares of the Wireless communications provider’s stock worth $16,775,000 after buying an additional 78,012 shares in the last quarter. Institutional investors and hedge funds own 49.40% of the company’s stock.

TELUS Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Thursday, December 11th will be issued a $0.4184 dividend. The ex-dividend date of this dividend is Thursday, December 11th. This represents a $1.67 annualized dividend and a dividend yield of 11.3%. This is an increase from TELUS’s previous quarterly dividend of $0.30. TELUS’s payout ratio is 220.00%.

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.