TELUS Co. (TU) Forecasted to Earn Q1 2018 Earnings of $0.61 Per Share
TELUS Co. (NYSE:TU) (TSE:T) – Research analysts at Desjardins issued their Q1 2018 EPS estimates for TELUS in a report released on Friday. Desjardins analyst M. Yaghi expects that the Wireless communications provider will post earnings per share of $0.61 for the quarter. Desjardins also issued estimates for TELUS’s Q2 2018 earnings at $0.55 EPS, Q3 2018 earnings at $0.56 EPS, Q4 2018 earnings at $0.47 EPS, FY2018 earnings at $2.20 EPS and FY2019 earnings at $2.53 EPS.
A number of other research firms have also recently weighed in on TU. Barclays upped their price target on TELUS from $41.00 to $42.00 and gave the stock an “overweight” rating in a report on Friday, November 10th. Bank of America initiated coverage on TELUS in a research report on Tuesday, November 21st. They set a “neutral” rating and a $39.00 price target on the stock. Morgan Stanley upped their price target on TELUS from $48.00 to $51.00 and gave the company an “equal weight” rating in a research report on Friday, November 17th. Zacks Investment Research lowered TELUS from a “hold” rating to a “sell” rating in a research report on Saturday, January 20th. Finally, Royal Bank of Canada raised TELUS from a “sector perform” rating to an “outperform” rating and upped their price target for the company from $47.00 to $51.00 in a research report on Friday, November 10th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $45.14.
TELUS (NYSE:TU) (TSE:T) last released its quarterly earnings results on Thursday, February 8th. The Wireless communications provider reported $0.43 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.45 by ($0.02). The company had revenue of $3.47 billion during the quarter, compared to analysts’ expectations of $3.44 billion. TELUS had a return on equity of 18.78% and a net margin of 10.94%. The firm’s revenue was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.53 EPS.
The company also recently declared a quarterly dividend, which will be paid on Monday, April 2nd. Investors of record on Friday, March 9th will be given a dividend of $0.402 per share. This represents a $1.61 annualized dividend and a dividend yield of 4.48%. The ex-dividend date is Thursday, March 8th. TELUS’s dividend payout ratio is currently 81.12%.
Hedge funds have recently bought and sold shares of the stock. Duff & Phelps Investment Management Co. acquired a new stake in TELUS in the third quarter worth $55,184,000. The Manufacturers Life Insurance Company increased its position in TELUS by 13.3% in the fourth quarter. The Manufacturers Life Insurance Company now owns 12,515,810 shares of the Wireless communications provider’s stock worth $473,974,000 after buying an additional 1,466,319 shares during the period. CIBC Asset Management Inc increased its position in TELUS by 11.0% in the third quarter. CIBC Asset Management Inc now owns 9,555,688 shares of the Wireless communications provider’s stock worth $342,797,000 after buying an additional 944,856 shares during the period. Picton Mahoney Asset Management acquired a new stake in TELUS in the fourth quarter worth $37,032,000. Finally, Canada Pension Plan Investment Board increased its position in TELUS by 98.1% in the third quarter. Canada Pension Plan Investment Board now owns 1,223,510 shares of the Wireless communications provider’s stock worth $43,906,000 after buying an additional 605,910 shares during the period. 51.29% of the stock is currently owned by institutional investors and hedge funds.
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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