TELUS (NYSE:TU) Releases Quarterly Earnings Results, Beats Estimates By $0.01 EPS

TELUS (NYSE:TUGet Free Report) (TSE:T) posted its earnings results on Friday. The Wireless communications provider reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.01, MarketWatch Earnings reports. The company had revenue of $5.20 billion for the quarter, compared to analysts’ expectations of $5.24 billion. TELUS had a return on equity of 7.76% and a net margin of 4.18%. TELUS’s quarterly revenue was up 2.8% on a year-over-year basis. During the same period last year, the firm earned $0.17 earnings per share.

TELUS Stock Performance

Shares of TU opened at $17.56 on Monday. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.66 and a quick ratio of 0.61. TELUS has a one year low of $15.47 and a one year high of $21.34. The company has a 50-day simple moving average of $18.01 and a two-hundred day simple moving average of $17.40. The firm has a market capitalization of $25.69 billion, a PE ratio of 40.84, a price-to-earnings-growth ratio of 3.35 and a beta of 0.75.

Wall Street Analyst Weigh In

Several research firms recently issued reports on TU. JPMorgan Chase & Co. cut TELUS from an “overweight” rating to a “neutral” rating in a research note on Thursday, January 4th. StockNews.com cut TELUS from a “hold” rating to a “sell” rating in a research note on Saturday, January 27th.

Read Our Latest Report on TELUS

Institutional Trading of TELUS

Institutional investors and hedge funds have recently bought and sold shares of the stock. Captrust Financial Advisors lifted its holdings in shares of TELUS by 18.1% during the second quarter. Captrust Financial Advisors now owns 4,669 shares of the Wireless communications provider’s stock valued at $104,000 after purchasing an additional 717 shares during the last quarter. Advisory Services Network LLC purchased a new position in shares of TELUS during the fourth quarter valued at approximately $110,000. Tower Research Capital LLC TRC lifted its holdings in shares of TELUS by 125,940.0% during the second quarter. Tower Research Capital LLC TRC now owns 6,302 shares of the Wireless communications provider’s stock valued at $123,000 after purchasing an additional 6,297 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in TELUS by 59.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 5,666 shares of the Wireless communications provider’s stock worth $148,000 after acquiring an additional 2,109 shares during the last quarter. Finally, Power Corp of Canada purchased a new position in TELUS in the 1st quarter worth approximately $164,000. 49.48% of the stock is currently owned by hedge funds and other institutional investors.

TELUS Company Profile

(Get Free Report)

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; 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.

See Also

Earnings History for TELUS (NYSE:TU)

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