TELUS Co. Expected to Post Q3 2024 Earnings of $0.24 Per Share (TSE:T)

TELUS Co. (TSE:T) (NYSE:TU) – National Bank Financial issued their Q3 2024 earnings estimates for shares of TELUS in a research note issued to investors on Tuesday, October 1st. National Bank Financial analyst A. Shine forecasts that the company will post earnings of $0.24 per share for the quarter. The consensus estimate for TELUS’s current full-year earnings is $1.06 per share.

TELUS (TSE:T) (NYSE:TU) last announced its earnings results on Friday, August 2nd. The company reported C$0.25 earnings per share for the quarter, beating the consensus estimate of C$0.24 by C$0.01. TELUS had a net margin of 3.91% and a return on equity of 4.67%. The business had revenue of C$4.97 billion for the quarter, compared to the consensus estimate of C$5.04 billion.

T has been the subject of a number of other research reports. National Bankshares decreased their price objective on shares of TELUS from C$25.00 to C$23.00 and set an “outperform” rating for the company in a report on Wednesday, June 26th. Canaccord Genuity Group lowered TELUS from a “buy” rating to a “hold” rating and lowered their price target for the company from C$23.00 to C$21.50 in a report on Tuesday, August 6th. JPMorgan Chase & Co. reduced their price objective on TELUS from C$24.00 to C$23.00 and set a “neutral” rating on the stock in a report on Wednesday, July 10th. Royal Bank of Canada lowered their target price on TELUS from C$26.00 to C$25.00 and set an “outperform” rating for the company in a report on Tuesday, August 6th. Finally, BMO Capital Markets raised their price target on TELUS from C$24.00 to C$25.00 in a research note on Thursday, September 5th. One equities 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 data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$24.58.

TELUS Stock Performance

TELUS has a fifty-two week low of C$20.04 and a fifty-two week high of C$25.94. The company has a debt-to-equity ratio of 171.58, a quick ratio of 0.52 and a current ratio of 0.66. The stock has a market capitalization of C$32.72 billion, a P/E ratio of 41.72, a price-to-earnings-growth ratio of 2.07 and a beta of 0.72. The business has a fifty day simple moving average of C$22.35 and a 200 day simple moving average of C$22.02.

TELUS Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 10th were issued a $0.389 dividend. The ex-dividend date was Tuesday, September 10th. This represents a $1.56 dividend on an annualized basis and a dividend yield of ∞. TELUS’s dividend payout ratio is currently 294.34%.

Insider Transactions at TELUS

In other news, Director Marc Parent purchased 10,530 shares of the stock in a transaction on Monday, August 12th. The stock was bought at an average price of C$22.52 per share, with a total value of C$237,135.60. Insiders own 0.02% of the company’s stock.

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.