Brokers Set Expectations for TELUS Co.’s Q1 2024 Earnings (TSE:T)

TELUS Co. (TSE:TFree Report) (NYSE:TU) – Cormark issued their Q1 2024 earnings estimates for shares of TELUS in a report released on Thursday, April 25th. Cormark analyst D. Mcfadgen expects that the company will post earnings of $0.21 per share for the quarter. The consensus estimate for TELUS’s current full-year earnings is $1.00 per share.

Several other brokerages have also recently commented on T. Scotiabank dropped their target price on shares of TELUS from C$26.00 to C$24.25 and set a “sector perform” rating for the company in a research report on Wednesday, April 17th. JPMorgan Chase & Co. lowered their price objective on shares of TELUS from C$27.00 to C$24.00 in a research report on Wednesday, April 3rd. National Bankshares lowered their price objective on shares of TELUS from C$27.00 to C$26.00 and set an “outperform” rating for the company in a research report on Monday, March 25th. Barclays lowered their price objective on shares of TELUS from C$25.00 to C$24.00 in a research report on Monday, February 12th. Finally, Royal Bank of Canada lowered their price objective on shares of TELUS from C$29.00 to C$26.00 and set a “sector perform” rating for the company in a research report on Wednesday, April 10th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$26.45.

View Our Latest Stock Report on T

TELUS Price Performance

Shares of TSE:T opened at C$21.95 on Friday. The firm has a 50 day moving average of C$22.56 and a 200-day moving average of C$23.39. The stock has a market capitalization of C$32.49 billion, a PE ratio of 37.84, a PEG ratio of 2.07 and a beta of 0.68. The company has a current ratio of 0.67, a quick ratio of 0.52 and a debt-to-equity ratio of 159.88. TELUS has a 12 month low of C$21.12 and a 12 month high of C$28.85.

TELUS (TSE:TGet Free Report) (NYSE:TU) last posted its quarterly earnings data on Friday, February 9th. The company reported C$0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.23 by C$0.01. The firm had revenue of C$5.20 billion during the quarter, compared to the consensus estimate of C$5.24 billion. TELUS had a net margin of 4.20% and a return on equity of 4.96%.

TELUS Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Monday, March 11th were paid a $0.376 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 6.85%. The ex-dividend date of this dividend was Friday, March 8th. TELUS’s dividend payout ratio is currently 258.62%.

About TELUS

(Get Free Report)

TELUS Corporation, together with its subsidiaries, provides a range of telecommunications and information technology products and services in Canada. It operates through Technology Solutions and Digitally-Led Customer Experiences segments. The Technology Solutions segment offers a range of telecommunications products and services; network services; healthcare services; mobile technologies equipment; data services, such as internet protocol; television; hosting, managed information technology, and cloud-based services; software, data management, and data analytics-driven smart food-chain and consumer goods technologies; home and business security; healthcare software and technology solutions; and voice and other telecommunications services, as well as mobile and fixed voice and data telecommunications services and products.

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Earnings History and Estimates for TELUS (TSE:T)

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