Brokers Set Expectations for TELUS Co.’s Q1 2024 Earnings (TSE:T)

TELUS Co. (TSE:T) (NYSE:TU) – Analysts at Cormark issued their Q1 2024 earnings per share (EPS) estimates for shares of TELUS in a research note issued to investors on Thursday, April 25th. Cormark analyst D. Mcfadgen expects that the company will earn $0.21 per share for the quarter. The consensus estimate for TELUS’s current full-year earnings is $1.00 per share.

TELUS (TSE:T) (NYSE:TU) last posted its quarterly earnings results on Friday, February 9th. The company reported C$0.24 earnings per share for the quarter, topping the consensus estimate of C$0.23 by C$0.01. TELUS had a return on equity of 4.96% and a net margin of 4.20%. The business had revenue of C$5.20 billion during the quarter, compared to the consensus estimate of C$5.24 billion.

T has been the subject of several other reports. BMO Capital Markets dropped their price target on TELUS from C$26.00 to C$24.00 in a research note on Tuesday, April 2nd. Royal Bank of Canada lowered their target price on TELUS from C$29.00 to C$26.00 and set a “sector perform” rating for the company in a research report on Wednesday, April 10th. CIBC lowered their target price on TELUS from C$28.00 to C$26.00 in a research report on Thursday, April 4th. Desjardins increased their target price on TELUS from C$27.00 to C$28.00 and gave the company a “buy” rating in a research report on Friday, January 26th. Finally, JPMorgan Chase & Co. lowered their target price on TELUS from C$27.00 to C$24.00 in a research report on Wednesday, April 3rd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$26.45.

TELUS Trading Down 0.2 %

T stock opened at C$21.95 on Friday. TELUS has a 1-year low of C$21.12 and a 1-year high of C$28.85. The company has a debt-to-equity ratio of 159.88, a current ratio of 0.67 and a quick ratio of 0.52. The company has a market capitalization of C$32.49 billion, a price-to-earnings ratio of 37.84, a PEG ratio of 2.07 and a beta of 0.68. The business has a 50 day simple moving average of C$22.56 and a two-hundred day simple moving average of C$23.39.

TELUS Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Monday, March 11th were issued a dividend of $0.376 per share. The ex-dividend date of this dividend was Friday, March 8th. This represents a $1.50 annualized dividend and a yield of 6.85%. TELUS’s payout ratio is presently 258.62%.

TELUS Company Profile

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; healthcare 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, as well as mobile and fixed voice and data telecommunications services and products.