Brokers Offer Predictions for TELUS’s Q4 Earnings (NYSE:TU)

TELUS Co. (NYSE:TU) (TSE:T) – Analysts at Cormark issued their Q4 2024 EPS estimates for shares of TELUS in a report released on Thursday, February 6th. Cormark analyst D. Mcfadgen expects that the Wireless communications provider will earn $0.14 per share for the quarter. The consensus estimate for TELUS’s current full-year earnings is $0.72 per share.

TELUS (NYSE:TU) (TSE:T) last issued its quarterly earnings data on Friday, November 8th. The Wireless communications provider reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.11. The company had revenue of $5.10 billion for the quarter, compared to analysts’ expectations of $3.69 billion. TELUS had a return on equity of 8.80% and a net margin of 4.56%. The firm’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.19 earnings per share.

A number of other analysts also recently issued reports on TU. Scotiabank upgraded TELUS from a “sector perform” rating to a “sector outperform” rating in a research report on Monday, October 28th. StockNews.com lowered shares of TELUS from a “hold” rating to a “sell” rating in a report on Thursday, November 21st. National Bank Financial downgraded shares of TELUS from an “outperform” rating to a “sector perform” rating in a report on Friday, December 13th. Finally, Morgan Stanley initiated coverage on shares of TELUS in a research note on Monday, December 16th. They issued an “equal weight” rating for the company. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $26.00.

TELUS Price Performance

Shares of TELUS stock opened at $14.60 on Friday. The stock has a market cap of $21.89 billion, a price-to-earnings ratio of 31.05, a price-to-earnings-growth ratio of 4.81 and a beta of 0.75. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.63 and a current ratio of 0.69. The stock has a 50 day moving average price of $14.34 and a 200-day moving average price of $15.50. TELUS has a one year low of $13.24 and a one year high of $18.16.

Institutional Trading of TELUS

Several institutional investors and hedge funds have recently made changes to their positions in TU. National Bank of Canada FI increased its stake in TELUS by 24.2% in the 3rd quarter. National Bank of Canada FI now owns 26,160,789 shares of the Wireless communications provider’s stock worth $438,922,000 after buying an additional 5,094,269 shares during the period. FMR LLC increased its position in shares of TELUS by 192.0% during the third quarter. FMR LLC now owns 1,326,632 shares of the Wireless communications provider’s stock worth $22,257,000 after acquiring an additional 872,235 shares during the period. Centre Asset Management LLC bought a new stake in shares of TELUS during the fourth quarter valued at approximately $6,946,000. Duff & Phelps Investment Management Co. boosted its holdings in shares of TELUS by 13.5% in the third quarter. Duff & Phelps Investment Management Co. now owns 2,666,500 shares of the Wireless communications provider’s stock valued at $44,785,000 after purchasing an additional 317,000 shares during the period. Finally, Nicola Wealth Management LTD. grew its stake in TELUS by 35.7% in the third quarter. Nicola Wealth Management LTD. now owns 1,060,819 shares of the Wireless communications provider’s stock worth $17,801,000 after purchasing an additional 279,000 shares in the last quarter. 49.40% of the stock is currently owned by institutional investors.

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.