TELUS Co. to Post FY2024 Earnings of $1.08 Per Share, National Bank Financial Forecasts (TSE:T)

TELUS Co. (TSE:T) (NYSE:TU) – Research analysts at National Bank Financial decreased their FY2024 earnings per share estimates for TELUS in a note issued to investors on Tuesday, June 25th. National Bank Financial analyst A. Shine now expects that the company will earn $1.08 per share for the year, down from their previous estimate of $1.09. The consensus estimate for TELUS’s current full-year earnings is $1.00 per share.

A number of other research firms have also recently weighed in on T. Scotiabank lowered their price target on TELUS from C$26.00 to C$24.25 and set a “sector perform” rating on the stock in a report on Wednesday, April 17th. Cormark lowered their target price on TELUS from C$27.00 to C$26.00 in a report on Wednesday, May 15th. BMO Capital Markets dropped their price target on TELUS from C$26.00 to C$24.00 in a research report on Tuesday, April 2nd. CIBC decreased their price objective on shares of TELUS from C$28.00 to C$26.00 in a research report on Thursday, April 4th. Finally, Royal Bank of Canada dropped their target price on shares of TELUS from C$29.00 to C$26.00 and set a “sector perform” rating for the company in a report on Wednesday, April 10th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$25.33.

TELUS Trading Down 0.4 %

Shares of T opened at C$20.71 on Friday. The firm’s 50-day moving average is C$22.09 and its two-hundred day moving average is C$22.89. TELUS has a twelve month low of C$20.67 and a twelve month high of C$26.09. The company has a current ratio of 0.67, a quick ratio of 0.52 and a debt-to-equity ratio of 159.88. The firm has a market capitalization of C$30.65 billion, a P/E ratio of 39.83, a PEG ratio of 2.07 and a beta of 0.67.

TELUS (TSE:T) (NYSE:TU) last posted its quarterly earnings results on Thursday, May 9th. The company reported C$0.26 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.24 by C$0.02. TELUS had a net margin of 4.20% and a return on equity of 4.96%. The business had revenue of C$4.93 billion for the quarter, compared to analysts’ expectations of C$5.06 billion.

TELUS Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 2nd. Shareholders of record on Monday, June 10th will be issued a $0.389 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 7.51%. This is a positive change from TELUS’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Monday, June 10th. TELUS’s dividend payout ratio is 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.