Equities analysts predict that TELUS Co. (NYSE:TU) (TSE:T) will announce earnings of $0.55 per share for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for TELUS’s earnings, with the lowest EPS estimate coming in at $0.49 and the highest estimate coming in at $0.58. TELUS posted earnings of $0.57 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 3.5%. The firm is expected to issue its next quarterly earnings report on Thursday, November 14th.

According to Zacks, analysts expect that TELUS will report full year earnings of $2.20 per share for the current fiscal year, with EPS estimates ranging from $2.12 to $2.26. For the next year, analysts anticipate that the business will post earnings of $2.34 per share, with EPS estimates ranging from $2.23 to $2.44. Zacks’ EPS averages are a mean average based on a survey of analysts that that provide coverage for TELUS.

TELUS (NYSE:TU) (TSE:T) last posted its earnings results on Friday, August 2nd. The Wireless communications provider reported $0.53 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.01). TELUS had a net margin of 11.91% and a return on equity of 16.75%. The firm had revenue of $2.75 billion for the quarter, compared to the consensus estimate of $2.69 billion.

Several equities analysts have commented on TU shares. Citigroup lowered shares of TELUS from a “buy” rating to a “neutral” rating in a research report on Wednesday, July 3rd. Zacks Investment Research raised shares of TELUS from a “sell” rating to a “hold” rating in a research note on Tuesday, May 14th. Finally, Canaccord Genuity downgraded shares of TELUS from a “buy” rating to a “hold” rating in a report on Monday, July 22nd. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $41.00.

Institutional investors have recently made changes to their positions in the company. TD Asset Management Inc. raised its holdings in TELUS by 2.3% during the 2nd quarter. TD Asset Management Inc. now owns 24,307,989 shares of the Wireless communications provider’s stock valued at $900,511,000 after buying an additional 536,599 shares during the period. Beutel Goodman & Co Ltd. raised its stake in shares of TELUS by 100.4% in the second quarter. Beutel Goodman & Co Ltd. now owns 15,911,306 shares of the Wireless communications provider’s stock valued at $588,533,000 after acquiring an additional 7,969,596 shares during the period. CIBC Asset Management Inc lifted its holdings in shares of TELUS by 0.9% in the 2nd quarter. CIBC Asset Management Inc now owns 13,223,462 shares of the Wireless communications provider’s stock worth $488,820,000 after acquiring an additional 115,222 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of TELUS by 6.0% in the 1st quarter. The Manufacturers Life Insurance Company now owns 10,657,609 shares of the Wireless communications provider’s stock worth $394,758,000 after acquiring an additional 601,686 shares during the last quarter. Finally, Mawer Investment Management Ltd. boosted its stake in shares of TELUS by 2.7% during the 1st quarter. Mawer Investment Management Ltd. now owns 9,170,726 shares of the Wireless communications provider’s stock worth $339,511,000 after purchasing an additional 242,272 shares during the period. Hedge funds and other institutional investors own 54.42% of the company’s stock.

TU traded down $0.16 during trading hours on Friday, hitting $36.49. The company’s stock had a trading volume of 402,584 shares, compared to its average volume of 404,213. The stock has a market cap of $22.01 billion, a price-to-earnings ratio of 17.05, a P/E/G ratio of 2.08 and a beta of 0.69. The business’s 50-day moving average price is $36.11 and its 200-day moving average price is $36.63. The company has a current ratio of 0.71, a quick ratio of 0.66 and a debt-to-equity ratio of 1.42. TELUS has a 12 month low of $32.46 and a 12 month high of $38.32.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 10th will be paid a $0.426 dividend. This represents a $1.70 annualized dividend and a dividend yield of 4.67%. This is a positive change from TELUS’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Monday, September 9th. TELUS’s dividend payout ratio (DPR) is presently 78.97%.

About TELUS

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 cloud-based services; healthcare solutions; customer care and business services; and home and business security solutions.

See Also: How a Strangle Strategy is different from a Straddle Strategy

Get a free copy of the Zacks research report on TELUS (TU)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for TELUS (NYSE:TU)

Receive News & Ratings for TELUS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TELUS and related companies with MarketBeat.com's FREE daily email newsletter.