TELUS Co. (TSE:T) (NYSE:TU) – Desjardins increased their FY2018 earnings per share estimates for shares of TELUS in a report issued on Tuesday, August 7th. Desjardins analyst M. Yaghi now forecasts that the company will post earnings of $2.92 per share for the year, up from their previous forecast of $2.86. Desjardins also issued estimates for TELUS’s FY2019 earnings at $3.28 EPS.

TELUS (TSE:T) (NYSE:TU) last issued its quarterly earnings results on Thursday, May 10th. The company reported C$0.73 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C$0.74 by C($0.01). The firm had revenue of C$3.38 billion during the quarter, compared to analyst estimates of C$3.35 billion. TELUS had a return on equity of 13.52% and a net margin of 8.29%.

T has been the subject of several other research reports. Morgan Stanley upgraded shares of TELUS from an “equal weight” rating to an “overweight” rating in a research note on Monday, April 30th. Royal Bank of Canada lifted their price objective on shares of TELUS from C$52.00 to C$53.00 and gave the company an “outperform” rating in a research note on Tuesday, July 31st. Scotiabank lifted their price objective on shares of TELUS to C$52.00 and gave the company an “outperform” rating in a research note on Monday, May 7th. National Bank Financial lifted their price objective on shares of TELUS from C$50.00 to C$51.00 and gave the company an “outperform” rating in a research note on Wednesday, July 11th. Finally, TD Securities lowered their price objective on shares of TELUS from C$54.00 to C$53.00 and set a “buy” rating for the company in a research note on Friday, May 11th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. TELUS presently has an average rating of “Buy” and a consensus price target of C$51.45.

TSE:T opened at C$47.34 on Friday. TELUS has a twelve month low of C$43.30 and a twelve month high of C$48.94.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 1st. Shareholders of record on Monday, September 10th will be paid a dividend of $0.525 per share. The ex-dividend date is Friday, September 7th. This represents a $2.10 dividend on an annualized basis and a yield of 4.44%.

About TELUS

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.

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Earnings History and Estimates for TELUS (TSE:T)

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