Equities analysts expect TELUS Co. (NYSE:TU) (TSE:T) to post sales of $2.65 billion for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for TELUS’s earnings. The lowest sales estimate is $2.64 billion and the highest is $2.65 billion. TELUS posted sales of $2.68 billion during the same quarter last year, which suggests a negative year over year growth rate of 1.1%. The firm is expected to report its next earnings results on Friday, August 2nd.
According to Zacks, analysts expect that TELUS will report full-year sales of $10.97 billion for the current year, with estimates ranging from $10.91 billion to $11.04 billion. For the next fiscal year, analysts forecast that the firm will post sales of $11.35 billion, with estimates ranging from $11.24 billion to $11.43 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow TELUS.
TELUS (NYSE:TU) (TSE:T) last released its quarterly earnings results on Thursday, May 9th. The Wireless communications provider reported $0.56 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.01. TELUS had a return on equity of 16.98% and a net margin of 11.15%. The business had revenue of $3.51 billion during the quarter, compared to analyst estimates of $3.52 billion. During the same quarter last year, the company posted $0.69 EPS. TELUS’s revenue for the quarter was up 3.8% on a year-over-year basis.
Shares of NYSE:TU traded down $0.16 during midday trading on Friday, reaching $36.50. The company had a trading volume of 166,200 shares, compared to its average volume of 384,664. The company has a quick ratio of 0.70, a current ratio of 0.77 and a debt-to-equity ratio of 1.39. TELUS has a 1-year low of $32.46 and a 1-year high of $37.84. The firm has a market capitalization of $21.95 billion, a price-to-earnings ratio of 17.06, a price-to-earnings-growth ratio of 2.08 and a beta of 0.83.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 2nd. Investors of record on Monday, June 10th will be paid a $0.4191 dividend. This is an increase from TELUS’s previous quarterly dividend of $0.41. This represents a $1.68 annualized dividend and a yield of 4.59%. The ex-dividend date of this dividend is Friday, June 7th. TELUS’s dividend payout ratio is currently 77.10%.
A number of institutional investors have recently made changes to their positions in TU. Van ECK Associates Corp purchased a new stake in TELUS in the 4th quarter worth about $25,000. Proficio Capital Partners LLC lifted its stake in TELUS by 199.7% in the 4th quarter. Proficio Capital Partners LLC now owns 959 shares of the Wireless communications provider’s stock worth $32,000 after acquiring an additional 639 shares in the last quarter. Financial Gravity Companies Inc. purchased a new stake in TELUS in the 4th quarter worth about $38,000. Oppenheimer Asset Management Inc. purchased a new stake in TELUS in the 4th quarter worth about $51,000. Finally, Northwestern Mutual Wealth Management Co. purchased a new stake in TELUS in the 1st quarter worth about $54,000. 51.07% of the stock is owned by hedge funds and other institutional investors.
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 cloud-based services; healthcare solutions; customer care and business services; and home and business security solutions.
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