TELUS Co. to Post FY2019 Earnings of $3.16 Per Share, Desjardins Forecasts (T)
TELUS Co. (TSE:T) (NYSE:TU) – Desjardins decreased their FY2019 earnings per share (EPS) estimates for TELUS in a research note issued to investors on Friday, November 9th. Desjardins analyst M. Yaghi now anticipates that the company will post earnings per share of $3.16 for the year, down from their prior forecast of $3.27.
A number of other research firms have also issued reports on T. Canaccord Genuity increased their price target on shares of TELUS from C$48.00 to C$49.00 in a research report on Tuesday, August 7th. TD Securities reduced their price target on shares of TELUS from C$55.00 to C$54.00 and set a “buy” rating for the company in a research report on Tuesday, August 7th. Finally, Royal Bank of Canada increased their price target on shares of TELUS from C$52.00 to C$53.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 31st. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of C$51.88.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 2nd. Investors of record on Tuesday, December 11th will be issued a $0.545 dividend. The ex-dividend date of this dividend is Monday, December 10th. This represents a $2.18 dividend on an annualized basis and a yield of 4.72%. This is an increase from TELUS’s previous quarterly dividend of $0.53. TELUS’s dividend payout ratio is currently 84.46%.
TELUS Company Profile
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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