TELUS Co. (T) Forecasted to Earn FY2017 Earnings of $2.68 Per Share
TELUS Co. (TSE:T) (NYSE:TU) – Research analysts at Desjardins lowered their FY2017 earnings estimates for TELUS in a research report issued to clients and investors on Friday. Desjardins analyst M. Yaghi now anticipates that the company will post earnings per share of $2.68 for the year, down from their prior forecast of $2.69.
A number of other equities research analysts have also issued reports on T. Scotiabank upgraded TELUS from a “sector perform” rating to an “outperform” rating and increased their target price for the company from C$50.00 to C$54.00 in a research note on Wednesday, October 25th. TD Securities increased their target price on TELUS from C$51.00 to C$53.00 in a research note on Monday, November 27th. Royal Bank of Canada upgraded TELUS from a “sector perform” rating to an “outperform” rating and increased their target price for the company from C$47.00 to C$51.00 in a research note on Friday, November 10th. Barclays increased their target price on TELUS from C$52.00 to C$53.00 in a research note on Monday, November 13th. Finally, Canaccord Genuity increased their target price on TELUS from C$50.00 to C$51.00 in a research note on Monday, November 13th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of C$51.25.
TELUS (TSE:T) (NYSE:TU) last announced its quarterly earnings results on Thursday, November 9th. The company reported C$0.66 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.67 by C($0.01). TELUS had a return on equity of 17.49% and a net margin of 11.03%.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 2nd. Shareholders of record on Monday, December 11th were paid a dividend of $0.505 per share. This represents a $2.02 dividend on an annualized basis and a yield of 4.31%. The ex-dividend date was Friday, December 8th. This is a positive change from TELUS’s previous quarterly dividend of $0.49. TELUS’s dividend payout ratio (DPR) is 91.31%.
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TELUS Company Profile
TELUS Corporation (TELUS) is a telecommunications company. The Company provides a range of telecommunications services and products, including wireless and wireline voice and data. Its data services include Internet protocol (IP), television (TV), hosting, managed information technology and cloud-based services, and certain healthcare solutions.
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