Equities research analysts expect TELUS Co. (NYSE:TU) (TSE:T) to post $2.65 billion in sales for the current fiscal quarter, Zacks reports. Two analysts have made estimates for TELUS’s earnings. The highest sales estimate is $2.65 billion and the lowest is $2.64 billion. TELUS posted sales of $2.68 billion during the same quarter last year, which would indicate a negative year over year growth rate of 1.1%. The company is expected to issue its next earnings results on Friday, August 2nd.

According to Zacks, analysts expect that TELUS will report full-year sales of $10.97 billion for the current year, with estimates ranging from $10.91 billion to $11.04 billion. For the next fiscal year, analysts anticipate that the business will report sales of $11.35 billion, with estimates ranging from $11.24 billion to $11.43 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow TELUS.

TELUS (NYSE:TU) (TSE:T) last released its quarterly earnings results on Thursday, May 9th. The Wireless communications provider reported $0.56 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.01. TELUS had a return on equity of 16.98% and a net margin of 11.15%. The company had revenue of $3.51 billion during the quarter, compared to analysts’ expectations of $3.52 billion. During the same period in the previous year, the firm posted $0.69 earnings per share. The business’s revenue for the quarter was up 3.8% compared to the same quarter last year.

A number of research firms have recently weighed in on TU. Zacks Investment Research cut TELUS from a “hold” rating to a “sell” rating in a report on Wednesday, April 17th. Royal Bank of Canada reaffirmed a “buy” rating on shares of TELUS in a research report on Tuesday, April 9th. TheStreet raised TELUS from a “c+” rating to a “b-” rating in a research report on Thursday, April 4th. Barclays reaffirmed a “buy” rating and issued a $41.00 price objective on shares of TELUS in a research report on Sunday, May 12th. Finally, Bank of America reaffirmed a “hold” rating on shares of TELUS in a research report on Friday, May 10th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $41.00.

Several large investors have recently made changes to their positions in TU. ARP Americas LP grew its position in TELUS by 2.5% during the fourth quarter. ARP Americas LP now owns 14,433 shares of the Wireless communications provider’s stock valued at $479,000 after acquiring an additional 346 shares during the period. Gluskin Sheff & Assoc Inc. grew its position in TELUS by 5.7% during the fourth quarter. Gluskin Sheff & Assoc Inc. now owns 7,044 shares of the Wireless communications provider’s stock valued at $233,000 after acquiring an additional 380 shares during the period. Wellington Management Group LLP grew its position in TELUS by 2.5% during the first quarter. Wellington Management Group LLP now owns 17,002 shares of the Wireless communications provider’s stock valued at $629,000 after acquiring an additional 413 shares during the period. Proficio Capital Partners LLC grew its position in TELUS by 199.7% during the fourth quarter. Proficio Capital Partners LLC now owns 959 shares of the Wireless communications provider’s stock valued at $32,000 after acquiring an additional 639 shares during the period. Finally, Advisor Group Inc. grew its position in TELUS by 21.2% during the fourth quarter. Advisor Group Inc. now owns 3,997 shares of the Wireless communications provider’s stock valued at $132,000 after acquiring an additional 699 shares during the period. 51.34% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE TU traded down $0.03 during trading on Friday, reaching $37.60. The company had a trading volume of 42,300 shares, compared to its average volume of 389,799. TELUS has a twelve month low of $32.46 and a twelve month high of $38.29. The stock has a market cap of $22.49 billion, a price-to-earnings ratio of 17.58, a price-to-earnings-growth ratio of 2.14 and a beta of 0.76. The company has a quick ratio of 0.70, a current ratio of 0.77 and a debt-to-equity ratio of 1.39.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 2nd. Stockholders of record on Monday, June 10th will be given a $0.4191 dividend. The ex-dividend date of this dividend is Friday, June 7th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.46%. This is an increase from TELUS’s previous quarterly dividend of $0.41. TELUS’s payout ratio is currently 78.04%.

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 cloud-based services; healthcare solutions; customer care and business services; and home and business security solutions.

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Earnings History and Estimates for TELUS (NYSE:TU)

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