Desjardins Weighs in on TELUS Co.’s FY2018 Earnings (T)
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%.
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%.
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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