Brokerages expect TELUS Co. (NYSE:TU) (TSE:T) to report $2.65 billion in sales for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for TELUS’s earnings, with estimates ranging from $2.64 billion to $2.65 billion. TELUS posted sales of $2.68 billion during the same quarter last year, which suggests a negative year-over-year growth rate of 1.1%. The firm is scheduled to announce its next quarterly earnings results on Friday, August 2nd.

According to Zacks, analysts expect that TELUS will report full year sales of $10.97 billion for the current year, with estimates ranging from $10.91 billion to $11.04 billion. For the next fiscal year, analysts forecast that the business will report sales of $11.35 billion, with estimates ranging from $11.24 billion to $11.43 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow TELUS.

TELUS (NYSE:TU) (TSE:T) last released its earnings results on Thursday, May 9th. The Wireless communications provider reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.01. TELUS had a return on equity of 16.98% and a net margin of 11.15%. The company had revenue of $3.51 billion for the quarter, compared to the consensus estimate of $3.52 billion. During the same quarter last year, the business posted $0.69 EPS. TELUS’s quarterly revenue was up 3.8% compared to the same quarter last year.

A number of analysts have recently weighed in on the company. Zacks Investment Research cut TELUS from a “hold” rating to a “sell” rating in a research report on Wednesday, April 17th. Royal Bank of Canada reiterated a “buy” rating on shares of TELUS in a research report on Tuesday, April 9th. TheStreet upgraded TELUS from a “c+” rating to a “b-” rating in a research report on Thursday, April 4th. Barclays reiterated a “buy” rating and set a $41.00 price target on shares of TELUS in a research report on Sunday, May 12th. Finally, Bank of America reiterated a “hold” rating on shares of TELUS in a research report on Friday, May 10th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $41.00.

Several institutional investors have recently made changes to their positions in TU. Van ECK Associates Corp acquired a new stake in TELUS in the 4th quarter valued at approximately $25,000. Proficio Capital Partners LLC increased its position in TELUS by 199.7% in the 4th quarter. Proficio Capital Partners LLC now owns 959 shares of the Wireless communications provider’s stock valued at $32,000 after acquiring an additional 639 shares during the period. Financial Gravity Companies Inc. acquired a new stake in TELUS in the 4th quarter valued at approximately $38,000. Northwestern Mutual Wealth Management Co. acquired a new stake in TELUS in the 1st quarter valued at approximately $54,000. Finally, Oppenheimer Asset Management Inc. acquired a new stake in TELUS in the 4th quarter valued at approximately $51,000. Institutional investors and hedge funds own 51.32% of the company’s stock.

NYSE:TU traded down $0.04 during trading hours on Friday, reaching $37.43. 270,500 shares of the stock were exchanged, compared to its average volume of 385,300. The company has a quick ratio of 0.70, a current ratio of 0.77 and a debt-to-equity ratio of 1.39. The company has a market cap of $22.26 billion, a PE ratio of 17.49, a P/E/G ratio of 2.11 and a beta of 0.83. TELUS has a 52 week low of $32.46 and a 52 week high of $37.84.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 2nd. Stockholders of record on Monday, June 10th will be given a dividend of $0.4191 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.48%. This is a boost from TELUS’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend is Friday, June 7th. TELUS’s dividend payout ratio is presently 77.10%.

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.

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Earnings History and Estimates for TELUS (NYSE:TU)

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