Cormark Has Bearish Forecast for TELUS FY2025 Earnings

TELUS Co. (NYSE:TU) (TSE:T) – Cormark reduced their FY2025 earnings per share (EPS) estimates for TELUS in a report released on Monday, November 11th. Cormark analyst D. Mcfadgen now anticipates that the Wireless communications provider will post earnings of $0.66 per share for the year, down from their previous forecast of $0.75. The consensus estimate for TELUS’s current full-year earnings is $0.73 per share.

A number of other brokerages have also weighed in on TU. Scotiabank upgraded TELUS from a “sector perform” rating to a “sector outperform” rating in a research note on Monday, October 28th. Canaccord Genuity Group lowered TELUS from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Finally, StockNews.com upgraded TELUS from a “sell” rating to a “hold” rating in a research report on Friday, September 6th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, TELUS has a consensus rating of “Hold” and a consensus target price of $26.00.

TELUS Stock Performance

Shares of TELUS stock opened at $15.69 on Wednesday. TELUS has a one year low of $14.63 and a one year high of $19.14. The company has a market capitalization of $23.40 billion, a PE ratio of 33.37, a P/E/G ratio of 2.41 and a beta of 0.75. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.61 and a current ratio of 0.69. The company has a 50-day simple moving average of $16.32 and a two-hundred day simple moving average of $16.12.

TELUS (NYSE:TU) (TSE:T) last released its quarterly earnings data on Friday, November 8th. The Wireless communications provider reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.11. The firm had revenue of $5.10 billion during the quarter, compared to the consensus estimate of $3.69 billion. TELUS had a return on equity of 8.80% and a net margin of 4.56%. The firm’s quarterly revenue was up 1.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.19 earnings per share.

TELUS Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Wednesday, December 11th will be paid a $0.297 dividend. This is an increase from TELUS’s previous quarterly dividend of $0.28. This represents a $1.19 annualized dividend and a yield of 7.57%. The ex-dividend date is Wednesday, December 11th. TELUS’s dividend payout ratio is currently 244.69%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in TU. 1832 Asset Management L.P. raised its stake in TELUS by 6.6% in the 2nd quarter. 1832 Asset Management L.P. now owns 38,193,733 shares of the Wireless communications provider’s stock valued at $578,253,000 after purchasing an additional 2,365,753 shares during the last quarter. Fiera Capital Corp raised its stake in TELUS by 9.9% in the 2nd quarter. Fiera Capital Corp now owns 16,670,713 shares of the Wireless communications provider’s stock valued at $252,468,000 after purchasing an additional 1,501,742 shares during the last quarter. National Bank of Canada FI raised its stake in TELUS by 7.2% in the 1st quarter. National Bank of Canada FI now owns 21,461,769 shares of the Wireless communications provider’s stock valued at $345,330,000 after purchasing an additional 1,438,904 shares during the last quarter. TD Asset Management Inc raised its stake in TELUS by 3.0% in the 2nd quarter. TD Asset Management Inc now owns 41,711,861 shares of the Wireless communications provider’s stock valued at $631,310,000 after purchasing an additional 1,208,720 shares during the last quarter. Finally, Guardian Capital LP raised its stake in TELUS by 27.8% in the 1st quarter. Guardian Capital LP now owns 5,486,529 shares of the Wireless communications provider’s stock valued at $87,857,000 after purchasing an additional 1,195,035 shares during the last quarter. 49.40% of the stock is owned by institutional investors and hedge funds.

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.