Cormark Weighs in on TELUS Co.’s FY2018 Earnings (T)

TELUS Co. (TSE:T) (NYSE:TU) – Stock analysts at Cormark dropped their FY2018 earnings estimates for TELUS in a note issued to investors on Friday. Cormark analyst D. Mcfadgen now expects that the company will post earnings of $2.68 per share for the year, down from their prior forecast of $2.83. Cormark also issued estimates for TELUS’s FY2019 earnings at $2.93 EPS.

TELUS (TSE:T) (NYSE:TU) last released its earnings results on Thursday, November 9th. The company reported C$0.66 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.67 by C($0.01). The business had revenue of C$3.37 billion during the quarter, compared to analyst estimates of C$3.38 billion. TELUS had a net margin of 11.03% and a return on equity of 17.49%.

Several other equities research analysts have also commented on T. Citigroup dropped their price target on TELUS from C$54.00 to C$52.00 in a research note on Friday. TD Securities upped their price target on TELUS from C$53.00 to C$54.00 and gave the stock a “buy” rating in a research note on Friday. Barclays upped their price target on TELUS from C$52.00 to C$53.00 in a research note on Monday, November 13th. BMO Capital Markets upped their price target on TELUS from C$47.00 to C$49.00 in a research note on Monday, November 13th. Finally, Canaccord Genuity upped their price target on TELUS from C$50.00 to C$51.00 in a research note on Monday, November 13th. Five analysts have rated the stock with a buy rating, TELUS has a consensus rating of “Buy” and a consensus price target of C$51.17.

TELUS (TSE:T) opened at C$44.90 on Monday. The company has a market capitalization of $26,520.00, a price-to-earnings ratio of 21.08 and a beta of 0.49. TELUS has a 12 month low of C$42.22 and a 12 month high of C$48.94.

The business also recently announced a quarterly dividend, which will be paid on Monday, April 2nd. Stockholders of record on Friday, March 9th will be paid a $0.505 dividend. The ex-dividend date is Thursday, March 8th. This represents a $2.02 dividend on an annualized basis and a dividend yield of 4.50%. TELUS’s dividend payout ratio (DPR) is currently 91.31%.

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About TELUS

TELUS Corporation (TELUS) is a telecommunications company. The Company provides a range of telecommunications services and products, including wireless and wireline voice and data. Its data services include Internet protocol (IP), television (TV), hosting, managed information technology and cloud-based services, and certain healthcare solutions.

Earnings History and Estimates for TELUS (TSE:T)

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