TELUS Co. (TU) Expected to Earn Q1 2018 Earnings of $0.61 Per Share

TELUS Co. (NYSE:TU) (TSE:T) – Research analysts at Desjardins issued their Q1 2018 EPS estimates for TELUS in a note issued to investors on Friday. Desjardins analyst M. Yaghi forecasts that the Wireless communications provider will post earnings of $0.61 per share for the quarter. Desjardins also issued estimates for TELUS’s Q2 2018 earnings at $0.55 EPS, Q3 2018 earnings at $0.56 EPS, Q4 2018 earnings at $0.47 EPS, FY2018 earnings at $2.20 EPS and FY2019 earnings at $2.53 EPS.

TELUS (NYSE:TU) (TSE:T) last posted its quarterly earnings data on Thursday, February 8th. The Wireless communications provider reported $0.43 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.45 by ($0.02). TELUS had a net margin of 10.94% and a return on equity of 18.76%. The company had revenue of $3.47 billion for the quarter, compared to the consensus estimate of $3.44 billion. During the same period last year, the business earned $0.53 EPS. The firm’s quarterly revenue was up 4.9% on a year-over-year basis.

A number of other research analysts have also weighed in on TU. Zacks Investment Research lowered TELUS from a “hold” rating to a “sell” rating in a research report on Monday, October 16th. Scotiabank raised TELUS from a “sector perform” rating to an “outperform” rating in a report on Wednesday, October 25th. Royal Bank of Canada raised TELUS from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from $47.00 to $51.00 in a report on Friday, November 10th. Barclays lifted their target price on TELUS from $41.00 to $42.00 and gave the stock an “overweight” rating in a report on Friday, November 10th. Finally, Morgan Stanley lifted their target price on TELUS from $48.00 to $51.00 and gave the stock an “equal weight” rating in a report on Friday, November 17th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $45.14.

TELUS (TU) opened at $35.64 on Monday. TELUS has a 52-week low of $31.28 and a 52-week high of $38.50. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.48 and a current ratio of 0.55. The firm has a market capitalization of $21,090.00, a P/E ratio of 18.18, a P/E/G ratio of 2.09 and a beta of 0.89.

Several institutional investors have recently bought and sold shares of TU. PNC Financial Services Group Inc. boosted its stake in shares of TELUS by 237.7% in the 2nd quarter. PNC Financial Services Group Inc. now owns 3,782 shares of the Wireless communications provider’s stock worth $130,000 after buying an additional 2,662 shares during the last quarter. OLD National Bancorp IN purchased a new position in shares of TELUS in the 3rd quarter worth $208,000. Field & Main Bank purchased a new position in shares of TELUS in the 4th quarter worth $216,000. Chevy Chase Trust Holdings Inc. purchased a new position in shares of TELUS in the 4th quarter worth $218,000. Finally, Wells Fargo & Company MN boosted its stake in shares of TELUS by 38.9% in the 2nd quarter. Wells Fargo & Company MN now owns 6,544 shares of the Wireless communications provider’s stock worth $226,000 after buying an additional 1,833 shares during the last quarter. 51.20% of the stock is owned by institutional investors and hedge funds.

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Friday, March 9th will be issued a $0.402 dividend. This represents a $1.61 dividend on an annualized basis and a dividend yield of 4.51%. The ex-dividend date is Thursday, March 8th. TELUS’s payout ratio is 81.12%.

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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 (NYSE:TU)

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