What is Cormark’s Forecast for TELUS Q3 Earnings?

TELUS Co. (TSE:T) (NYSE:TU) – Investment analysts at Cormark issued their Q3 2024 earnings per share (EPS) estimates for shares of TELUS in a research report issued on Monday, October 21st. Cormark analyst D. Mcfadgen anticipates that the company will post earnings of $0.22 per share for the quarter. The consensus estimate for TELUS’s current full-year earnings is $1.23 per share.

TELUS (TSE:T) (NYSE:TU) last issued its quarterly earnings data on Friday, August 2nd. The company reported C$0.25 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.24 by C$0.01. The firm had revenue of C$4.97 billion for the quarter, compared to analyst estimates of C$5.04 billion. TELUS had a return on equity of 4.67% and a net margin of 3.91%.

Several other equities research analysts also recently commented on the company. National Bankshares dropped their target price on TELUS from C$25.00 to C$23.00 and set an “outperform” rating on the stock in a report on Wednesday, June 26th. JPMorgan Chase & Co. decreased their price target on TELUS from C$24.00 to C$23.00 and set a “neutral” rating for the company in a research note on Wednesday, July 10th. Barclays reduced their price objective on TELUS from C$24.00 to C$23.00 in a research report on Wednesday, October 9th. CIBC reduced their price objective on TELUS from C$25.00 to C$24.00 and set an “outperform” rating for the company in a research report on Tuesday, August 6th. Finally, TD Securities reduced their price objective on TELUS from C$26.00 to C$25.00 and set a “buy” rating for the company in a research report on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$24.54.

TELUS Trading Up 0.0 %

TSE T opened at C$22.37 on Wednesday. The company has a quick ratio of 0.52, a current ratio of 0.66 and a debt-to-equity ratio of 171.58. TELUS has a twelve month low of C$20.04 and a twelve month high of C$25.94. The firm has a market capitalization of C$33.11 billion, a PE ratio of 42.21, a P/E/G ratio of 1.65 and a beta of 0.72. The stock’s 50 day moving average is C$22.31 and its 200 day moving average is C$22.06.

TELUS Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 10th were given a $0.389 dividend. The ex-dividend date of this dividend was Tuesday, September 10th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 6.96%. TELUS’s payout ratio is 294.34%.

Insider Transactions at TELUS

In related news, Director Marc Parent acquired 10,530 shares of TELUS stock in a transaction on Monday, August 12th. The stock was acquired at an average price of C$22.52 per share, for a total transaction of C$237,135.60. Insiders own 0.02% of the company’s stock.

About TELUS

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.