Brokerages expect TELUS Co. (NYSE:TU) (TSE:T) to announce sales of $2.64 billion for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for TELUS’s earnings. The highest sales estimate is $2.66 billion and the lowest is $2.62 billion. TELUS reported sales of $2.43 billion in the same quarter last year, which indicates a positive year over year growth rate of 8.6%. The firm is expected to issue its next earnings report on Thursday, November 8th.

On average, analysts expect that TELUS will report full-year sales of $10.79 billion for the current financial year, with estimates ranging from $10.71 billion to $10.89 billion. For the next year, analysts forecast that the company will report sales of $11.12 billion per share, with estimates ranging from $10.89 billion to $11.32 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that follow TELUS.

TELUS (NYSE:TU) (TSE:T) last posted its quarterly earnings results on Friday, August 3rd. The Wireless communications provider reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.01. TELUS had a return on equity of 17.45% and a net margin of 10.61%. The business had revenue of $3.45 billion for the quarter, compared to the consensus estimate of $3.45 billion. During the same quarter in the prior year, the company earned $0.70 EPS. The business’s revenue was up 5.3% compared to the same quarter last year.

TU has been the topic of a number of recent research reports. CIBC downgraded TELUS from a “sector outperform” rating to a “neutral” rating in a research report on Friday, May 11th. Barclays dropped their price objective on TELUS from $42.00 to $41.00 and set an “overweight” rating on the stock in a research report on Friday, May 11th. Echelon Wealth Partners set a $52.00 price objective on TELUS and gave the company a “buy” rating in a research report on Friday, May 11th. Morgan Stanley raised TELUS from an “equal weight” rating to an “overweight” rating and set a $51.00 price objective on the stock in a research report on Monday, April 30th. Finally, Zacks Investment Research downgraded TELUS from a “hold” rating to a “sell” rating in a research report on Friday, May 4th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $46.80.

Shares of TU traded up $0.57 during midday trading on Monday, reaching $37.45. 403,865 shares of the stock were exchanged, compared to its average volume of 364,652. TELUS has a 52 week low of $34.28 and a 52 week high of $38.50. The company has a current ratio of 0.85, a quick ratio of 0.78 and a debt-to-equity ratio of 1.35. The company has a market capitalization of $21.49 billion, a price-to-earnings ratio of 18.45, a PEG ratio of 2.08 and a beta of 0.81.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 1st. Investors of record on Monday, September 10th will be given a dividend of $0.404 per share. This represents a $1.62 dividend on an annualized basis and a yield of 4.32%. The ex-dividend date is Friday, September 7th. TELUS’s payout ratio is currently 79.80%.

A number of hedge funds have recently modified their holdings of TU. CIBC Asset Management Inc boosted its holdings in TELUS by 36.3% in the second quarter. CIBC Asset Management Inc now owns 12,920,874 shares of the Wireless communications provider’s stock worth $459,070,000 after acquiring an additional 3,441,698 shares in the last quarter. Great West Life Assurance Co. Can boosted its holdings in TELUS by 0.3% in the second quarter. Great West Life Assurance Co. Can now owns 7,597,141 shares of the Wireless communications provider’s stock worth $270,787,000 after acquiring an additional 20,963 shares in the last quarter. Franklin Resources Inc. boosted its holdings in TELUS by 2.5% in the first quarter. Franklin Resources Inc. now owns 5,607,275 shares of the Wireless communications provider’s stock worth $196,694,000 after acquiring an additional 134,824 shares in the last quarter. Mawer Investment Management Ltd. boosted its holdings in TELUS by 17.3% in the second quarter. Mawer Investment Management Ltd. now owns 5,525,402 shares of the Wireless communications provider’s stock worth $196,439,000 after acquiring an additional 814,155 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in TELUS by 1.6% in the second quarter. Renaissance Technologies LLC now owns 5,262,600 shares of the Wireless communications provider’s stock worth $186,875,000 after acquiring an additional 83,100 shares in the last quarter. 51.29% of the stock is currently owned by institutional investors.

TELUS Company Profile

TELUS Corporation, together with its subsidiaries, provides a range of telecommunications products and services in Canada. It operates through Wireless and Wireline segments. The company's telecommunications products and services comprise wireless and wireline voice and data services; data services, including Internet protocol; television services; hosting, managed information technology, and security and cloud-based services; healthcare solutions; business process outsourcing; and security solutions.

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Earnings History and Estimates for TELUS (NYSE:TU)

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