TELUS (NYSE:TU) Announces Earnings Results

TELUS (NYSE:TU) (TSE:T) posted its quarterly earnings data on Friday. The Wireless communications provider reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.09, Briefing.com reports. TELUS had a net margin of 3.73% and a return on equity of 7.90%. The business had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.70 billion. During the same quarter last year, the business earned $0.14 earnings per share.

TELUS Stock Down 2.3 %

Shares of NYSE TU traded down $0.39 during midday trading on Monday, hitting $16.22. The stock had a trading volume of 2,598,313 shares, compared to its average volume of 2,301,853. The business’s 50 day moving average is $15.81 and its 200-day moving average is $16.48. The company has a market cap of $24.04 billion, a P/E ratio of 41.59, a PEG ratio of 2.51 and a beta of 0.73. TELUS has a 52 week low of $14.63 and a 52 week high of $19.14. The company has a quick ratio of 0.70, a current ratio of 0.75 and a debt-to-equity ratio of 1.42.

TELUS Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 10th will be paid a $0.284 dividend. This represents a $1.14 annualized dividend and a dividend yield of 7.00%. The ex-dividend date is Tuesday, September 10th. This is an increase from TELUS’s previous quarterly dividend of $0.28. TELUS’s dividend payout ratio is currently 292.32%.

Analyst Ratings Changes

Separately, StockNews.com downgraded TELUS from a “hold” rating to a “sell” rating in a research note on Friday, June 14th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. According to MarketBeat, TELUS currently has a consensus rating of “Hold” and a consensus target price of $26.20.

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.