TELUS (TU) Expected to Announce Earnings on Thursday

TELUS (NYSE:TU) (TSE:T) is expected to post its quarterly earnings results before the market opens on Thursday, February 6th. Analysts expect TELUS to post earnings of $0.16 per share and revenue of $3.79 billion for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

TELUS (NYSE:TU) (TSE:T) last issued its earnings results on Friday, November 8th. The Wireless communications provider reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.11. The firm had revenue of $5.10 billion for the quarter, compared to analysts’ expectations of $3.69 billion. TELUS had a net margin of 4.56% and a return on equity of 8.80%. The business’s revenue was up 1.8% on a year-over-year basis. During the same quarter last year, the business earned $0.19 earnings per share. On average, analysts expect TELUS to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

TELUS Stock Performance

Shares of TELUS stock opened at $14.56 on Tuesday. The company has a current ratio of 0.69, a quick ratio of 0.63 and a debt-to-equity ratio of 1.50. The firm has a market capitalization of $21.83 billion, a P/E ratio of 30.97, a P/E/G ratio of 4.81 and a beta of 0.75. The business has a fifty day simple moving average of $14.38 and a two-hundred day simple moving average of $15.52. TELUS has a 12 month low of $13.24 and a 12 month high of $18.16.

TELUS Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Wednesday, December 11th were given a $0.297 dividend. This represents a $1.19 annualized dividend and a dividend yield of 8.16%. The ex-dividend date of this dividend was Wednesday, December 11th. This is a positive change from TELUS’s previous quarterly dividend of $0.28. TELUS’s payout ratio is currently 242.56%.

Analyst Upgrades and Downgrades

TU has been the subject of a number of recent research reports. Scotiabank upgraded TELUS from a “sector perform” rating to a “sector outperform” rating in a research note on Monday, October 28th. Morgan Stanley initiated coverage on TELUS in a research note on Monday, December 16th. They set an “equal weight” rating for the company. National Bank Financial downgraded TELUS from an “outperform” rating to a “sector perform” rating in a research note on Friday, December 13th. Finally, StockNews.com downgraded TELUS from a “hold” rating to a “sell” rating in a research note on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, TELUS has a consensus rating of “Hold” and an average target price of $26.00.

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.