TELUS (NYSE:TU) Issues Quarterly Earnings Results, Beats Estimates By $0.02 EPS

TELUS (NYSE:TU) (TSE:T) released its earnings results on Thursday. The Wireless communications provider reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.02, Zacks reports. TELUS had a return on equity of 8.80% and a net margin of 4.56%. The firm had revenue of $3.85 billion for the quarter, compared to the consensus estimate of $3.64 billion. During the same period in the prior year, the business posted $0.10 earnings per share.

TELUS Stock Up 0.9 %

NYSE TU traded up $0.14 during mid-day trading on Friday, reaching $15.39. 3,463,820 shares of the company’s stock traded hands, compared to its average volume of 3,797,593. TELUS has a 1-year low of $13.24 and a 1-year high of $18.16. The company has a fifty day simple moving average of $14.21 and a 200-day simple moving average of $15.45. The company has a current ratio of 0.69, a quick ratio of 0.63 and a debt-to-equity ratio of 1.50. The company has a market cap of $23.08 billion, a price-to-earnings ratio of 32.73, a P/E/G ratio of 4.85 and a beta of 0.75.

TELUS Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 11th will be paid a dividend of $0.2829 per share. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $1.13 dividend on an annualized basis and a yield of 7.35%. TELUS’s dividend payout ratio (DPR) is presently 242.56%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on TU. Morgan Stanley began coverage on TELUS in a report on Monday, December 16th. They issued an “equal weight” rating on the stock. StockNews.com upgraded TELUS from a “sell” rating to a “hold” rating in a research note on Monday, February 10th. National Bank Financial lowered TELUS from an “outperform” rating to a “sector perform” rating in a research note on Friday, December 13th. Finally, Scotiabank upgraded TELUS from a “sector perform” rating to a “sector outperform” rating in a research note on Monday, October 28th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, TELUS presently has an average rating of “Hold” and an average target price 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.