Equities Analysts Set Expectations for TELUS Co.’s FY2017 Earnings (T)
TELUS Co. (TSE:T) (NYSE:TU) – Equities research analysts at National Bank Financial raised their FY2017 earnings estimates for TELUS in a research report issued on Monday. National Bank Financial analyst A. Shine now forecasts that the company will post earnings of $2.64 per share for the year, up from their prior estimate of $2.55. National Bank Financial currently has a “Outperform” rating and a $50.00 price target on the stock. National Bank Financial also issued estimates for TELUS’s FY2018 earnings at $2.84 EPS and FY2019 earnings at $2.99 EPS.
Several other research analysts also recently commented on T. TD Securities raised shares of TELUS from a “hold” rating to a “buy” rating and set a C$53.00 price objective for the company in a report on Friday, February 2nd. Citigroup upped their target price on shares of TELUS from C$52.00 to C$54.00 in a research report on Monday, November 13th. BMO Capital Markets upped their target price on shares of TELUS from C$47.00 to C$49.00 in a research report on Monday, November 13th. CIBC upped their target price on shares of TELUS from C$48.00 to C$50.00 in a research report on Monday, November 13th. Finally, JPMorgan Chase & Co. upped their target price on shares of TELUS from C$49.00 to C$53.00 in a research report on Monday, November 13th. Five equities research analysts have rated the stock with a buy rating, The stock currently has a consensus rating of “Buy” and a consensus target price of C$51.25.
TELUS (TSE:T) (NYSE:TU) last released its quarterly earnings data on Thursday, November 9th. The company reported C$0.66 EPS for the quarter, missing the consensus estimate of C$0.67 by C($0.01). TELUS had a net margin of 11.03% and a return on equity of 17.49%. The company had revenue of C$3.37 billion for the quarter, compared to the consensus estimate of C$3.38 billion.
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 2nd. Stockholders of record on Friday, March 9th will be given a dividend of $0.505 per share. This represents a $2.02 annualized dividend and a dividend yield of 4.49%. TELUS’s dividend payout ratio is 91.31%.
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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