TELUS (TU) Set to Announce Earnings on Friday

TELUS (NYSE:TU) (TSE:T) is scheduled to be announcing its earnings results before the market opens on Friday, November 8th. Analysts expect the company to announce earnings of $0.17 per share for the quarter.

TELUS (NYSE:TU) (TSE:T) last posted its quarterly earnings data on Friday, August 2nd. The Wireless communications provider reported $0.25 EPS for the quarter, beating the consensus estimate of $0.16 by $0.09. The business had revenue of $3.64 billion for the quarter, compared to analysts’ expectations of $3.70 billion. TELUS had a net margin of 3.87% and a return on equity of 8.50%. During the same period in the previous year, the firm posted $0.14 EPS. On average, analysts expect TELUS to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

TELUS Stock Performance

Shares of TELUS stock opened at $15.81 on Friday. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.66 and a quick ratio of 0.61. The firm has a market cap of $23.59 billion, a price-to-earnings ratio of 39.53, a price-to-earnings-growth ratio of 2.44 and a beta of 0.74. The stock’s 50-day moving average is $16.41 and its 200-day moving average is $16.14. TELUS has a one year low of $14.63 and a one year high of $19.14.

Wall Street Analyst Weigh In

TU has been the subject of a number of recent research reports. Scotiabank raised TELUS from a “sector perform” rating to a “sector outperform” rating in a research report on Monday. Canaccord Genuity Group downgraded shares of TELUS from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Finally, StockNews.com raised shares of TELUS from a “sell” rating to a “hold” rating in a research report on Friday, September 6th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $26.00.

TELUS Company Profile

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.