TELUS (NYSE:TU) (TSE:T) issued its earnings results on Thursday. The Wireless communications provider reported $0.57 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.03, Morningstar.com reports. TELUS had a net margin of 10.60% and a return on equity of 17.64%. The company had revenue of $3.77 billion for the quarter, compared to analysts’ expectations of $3.59 billion. During the same period in the prior year, the business earned $0.66 EPS. The firm’s quarterly revenue was up 10.9% on a year-over-year basis.
Shares of NYSE:TU traded down $0.13 during trading on Friday, reaching $34.74. The stock had a trading volume of 425,926 shares, compared to its average volume of 375,957. TELUS has a one year low of $33.64 and a one year high of $38.50. The stock has a market capitalization of $20.37 billion, a P/E ratio of 17.11, a P/E/G ratio of 1.98 and a beta of 0.80. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.78 and a current ratio of 0.85.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 2nd. Stockholders of record on Tuesday, December 11th will be issued a $0.4158 dividend. This is a boost from TELUS’s previous quarterly dividend of $0.40. This represents a $1.66 dividend on an annualized basis and a dividend yield of 4.79%. The ex-dividend date of this dividend is Monday, December 10th. TELUS’s dividend payout ratio (DPR) is currently 79.31%.
Several large investors have recently added to or reduced their stakes in the company. CIBC Asset Management Inc boosted its holdings in shares of TELUS by 36.3% in the 2nd quarter. CIBC Asset Management Inc now owns 12,920,874 shares of the Wireless communications provider’s stock valued at $459,070,000 after buying an additional 3,441,698 shares in the last quarter. Great West Life Assurance Co. Can boosted its stake in TELUS by 0.3% in the 2nd quarter. Great West Life Assurance Co. Can now owns 7,597,141 shares of the Wireless communications provider’s stock worth $270,787,000 after purchasing an additional 20,963 shares in the last quarter. Mawer Investment Management Ltd. boosted its stake in TELUS by 17.3% in the 2nd quarter. Mawer Investment Management Ltd. now owns 5,525,402 shares of the Wireless communications provider’s stock worth $196,439,000 after purchasing an additional 814,155 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in TELUS by 6.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 5,447,649 shares of the Wireless communications provider’s stock worth $200,692,000 after purchasing an additional 325,642 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its stake in TELUS by 1.6% in the 2nd quarter. Renaissance Technologies LLC now owns 5,262,600 shares of the Wireless communications provider’s stock worth $186,875,000 after purchasing an additional 83,100 shares in the last quarter. Institutional investors and hedge funds own 50.60% of the company’s stock.
Several research analysts have issued reports on the stock. TD Securities reiterated a “buy” rating on shares of TELUS in a report on Friday. Desjardins reiterated a “buy” rating on shares of TELUS in a report on Sunday, October 21st. Finally, Scotiabank cut shares of TELUS from an “outperform” rating to a “sector perform” rating in a report on Wednesday, October 10th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company. TELUS has an average rating of “Hold” and an average price target of $46.80.
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TELUS Company Profile
TELUS Corporation, together with its subsidiaries, provides a range of telecommunications products and services in Canada. It operates through Wireless and Wireline segments. The company's telecommunications products and services comprise wireless and wireline voice and data services; data services, including Internet protocol; television services; hosting, managed information technology, and security and cloud-based services; healthcare solutions; business process outsourcing; and security solutions.
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