National Bank Financial Comments on TELUS Co.’s Q2 2023 Earnings (TSE:T)

Posted by on Jul 17th, 2023

TELUS Co. (TSE:T – Free Report) (NYSE:TU) – Stock analysts at National Bank Financial reduced their Q2 2023 earnings per share estimates for TELUS in a report issued on Thursday, July 13th. National Bank Financial analyst A. Shine now expects that the company will earn $0.22 per share for the quarter, down from their previous estimate of $0.26. The consensus estimate for TELUS’s current full-year earnings is $1.05 per share. National Bank Financial also issued estimates for TELUS’s FY2023 earnings at $0.97 EPS and FY2024 earnings at $1.06 EPS.

Several other equities research analysts have also issued reports on T. BMO Capital Markets lifted their target price on shares of TELUS from C$32.00 to C$33.00 in a research report on Friday, May 5th. National Bankshares reduced their target price on TELUS from C$30.00 to C$28.00 in a research note on Friday. Canaccord Genuity Group dropped their price target on TELUS from C$33.00 to C$32.00 in a research note on Friday, May 5th. Cormark reduced their price objective on TELUS from C$33.00 to C$32.00 in a research report on Friday, May 5th. Finally, UBS Group decreased their price objective on TELUS from C$28.00 to C$27.00 in a report on Friday. Five research analysts have rated the stock with a buy rating, According to MarketBeat, TELUS currently has a consensus rating of “Buy” and a consensus target price of C$31.05.

TELUS Stock Down 4.8 %

T opened at C$24.32 on Monday. The firm has a market capitalization of C$35.26 billion, a P/E ratio of 23.84, a price-to-earnings-growth ratio of 1.82 and a beta of 0.70. TELUS has a one year low of C$24.20 and a one year high of C$30.77. The company has a fifty day moving average price of C$26.08 and a 200-day moving average price of C$27.12. The company has a debt-to-equity ratio of 152.41, a current ratio of 0.75 and a quick ratio of 0.52.

TELUS (TSE:T – Get Free Report) (NYSE:TU) last issued its quarterly earnings data on Thursday, May 4th. The company reported C$0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.28 by C($0.01). TELUS had a return on equity of 8.98% and a net margin of 7.63%. The company had revenue of C$4.96 billion for the quarter, compared to analysts’ expectations of C$4.86 billion.

TELUS Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 4th. Shareholders of record on Friday, June 9th were issued a $0.364 dividend. This represents a $1.46 annualized dividend and a yield of 5.99%. This is an increase from TELUS’s previous quarterly dividend of $0.35. The ex-dividend date was Thursday, June 8th. TELUS’s payout ratio is 142.16%.

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; 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.

Further Reading

Earnings History and Estimates for TELUS (TSE:T)

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