TELUS (NYSE:TU) (TSE:T) announced its earnings results on Thursday. The Wireless communications provider reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.03, Morningstar.com reports. TELUS had a net margin of 10.60% and a return on equity of 17.64%. The business had revenue of $3.77 billion during the quarter, compared to the consensus estimate of $3.59 billion. During the same quarter last year, the firm earned $0.66 earnings per share. TELUS’s quarterly revenue was up 10.9% on a year-over-year basis.
Shares of NYSE TU opened at $34.74 on Friday. TELUS has a twelve month low of $33.64 and a twelve month high of $38.50. The firm has a market cap of $20.52 billion, a P/E ratio of 16.42, a PEG ratio of 1.99 and a beta of 0.80. The company has a quick ratio of 0.78, a current ratio of 0.85 and a debt-to-equity ratio of 1.35.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 2nd. Investors of record on Tuesday, December 11th will be paid a dividend of $0.4158 per share. This represents a $1.66 dividend on an annualized basis and a yield of 4.79%. The ex-dividend date of this dividend is Monday, December 10th. This is an increase from TELUS’s previous quarterly dividend of $0.40. TELUS’s dividend payout ratio (DPR) is currently 79.31%.
A number of equities analysts recently weighed in on the stock. TD Securities reissued a “buy” rating on shares of TELUS in a research note on Friday. Desjardins reissued a “buy” rating on shares of TELUS in a research note on Sunday, October 21st. Finally, Scotiabank downgraded shares of TELUS from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, October 10th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $46.80.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Cubist Systematic Strategies LLC bought a new stake in TELUS in the first quarter valued at $125,000. Chicago Partners Investment Group LLC increased its stake in TELUS by 100.0% in the third quarter. Chicago Partners Investment Group LLC now owns 4,700 shares of the Wireless communications provider’s stock valued at $160,000 after purchasing an additional 2,350 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in TELUS by 53.6% in the second quarter. PNC Financial Services Group Inc. now owns 5,809 shares of the Wireless communications provider’s stock valued at $207,000 after purchasing an additional 2,026 shares in the last quarter. Gluskin Sheff & Assoc Inc. bought a new stake in TELUS in the third quarter valued at $246,000. Finally, CWM LLC increased its stake in TELUS by 5,355.6% in the third quarter. CWM LLC now owns 6,874 shares of the Wireless communications provider’s stock valued at $253,000 after purchasing an additional 6,748 shares in the last quarter. 50.60% of the stock is owned by institutional investors and hedge funds.
COPYRIGHT VIOLATION NOTICE: “TELUS (TU) Announces Earnings Results, Beats Estimates By $0.03 EPS” was published by Macon Daily and is the property of of Macon Daily. If you are reading this story on another site, it was stolen and republished in violation of United States and international copyright and trademark legislation. The legal version of this story can be viewed at https://macondaily.com/2018/11/10/telus-tu-announces-earnings-results-beats-estimates-by-0-03-eps.html.
TELUS Corporation, together with its subsidiaries, provides a range of telecommunications products and services in Canada. It operates through Wireless and Wireline segments. The company's telecommunications products and services comprise wireless and wireline voice and data services; data services, including Internet protocol; television services; hosting, managed information technology, and security and cloud-based services; healthcare solutions; business process outsourcing; and security solutions.
Recommended Story: Stock Symbol
Receive News & Ratings for TELUS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TELUS and related companies with MarketBeat.com's FREE daily email newsletter.