What is Cormark’s Estimate for TELUS FY2025 Earnings?

TELUS Co. (NYSE:TU) (TSE:T) – Investment analysts at Cormark upped their FY2025 earnings estimates for TELUS in a research note issued to investors on Tuesday, March 4th. Cormark analyst D. Mcfadgen now forecasts that the Wireless communications provider will earn $0.69 per share for the year, up from their previous forecast of $0.66. The consensus estimate for TELUS’s current full-year earnings is $0.71 per share. Cormark also issued estimates for TELUS’s FY2026 earnings at $0.75 EPS.

A number of other research firms also recently issued reports on TU. StockNews.com raised shares of TELUS from a “sell” rating to a “hold” rating in a research note on Monday, February 10th. Morgan Stanley assumed coverage on shares of TELUS in a research report on Monday, December 16th. They issued an “equal weight” rating for the company. Finally, National Bank Financial downgraded TELUS from an “outperform” rating to a “sector perform” rating in a report on Friday, December 13th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $26.00.

TELUS Stock Performance

Shares of TU stock opened at $15.41 on Wednesday. The stock has a 50 day simple moving average of $14.46 and a 200-day simple moving average of $15.37. TELUS has a 12-month low of $13.24 and a 12-month high of $17.77. The company has a market cap of $23.11 billion, a price-to-earnings ratio of 31.44, a price-to-earnings-growth ratio of 5.18 and a beta of 0.75. The company has a current ratio of 0.68, a quick ratio of 0.61 and a debt-to-equity ratio of 1.52.

TELUS (NYSE:TU) (TSE:T) last announced its earnings results on Thursday, February 13th. The Wireless communications provider reported $0.18 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.02. The business had revenue of $3.85 billion during the quarter, compared to analysts’ expectations of $3.64 billion. TELUS had a net margin of 4.85% and a return on equity of 9.07%. During the same period in the prior year, the company earned $0.10 earnings per share.

TELUS Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 11th will be paid a $0.2829 dividend. This represents a $1.13 annualized dividend and a dividend yield of 7.34%. The ex-dividend date is Tuesday, March 11th. TELUS’s dividend payout ratio is currently 224.49%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Mackenzie Financial Corp boosted its stake in shares of TELUS by 22.6% in the fourth quarter. Mackenzie Financial Corp now owns 49,232,693 shares of the Wireless communications provider’s stock valued at $667,840,000 after purchasing an additional 9,068,181 shares during the period. Burgundy Asset Management Ltd. lifted its holdings in TELUS by 26.1% in the 4th quarter. Burgundy Asset Management Ltd. now owns 198,708 shares of the Wireless communications provider’s stock worth $2,692,000 after buying an additional 41,119 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in TELUS by 120.3% in the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,056,749 shares of the Wireless communications provider’s stock valued at $14,310,000 after buying an additional 576,964 shares during the last quarter. Squarepoint Ops LLC acquired a new stake in shares of TELUS during the fourth quarter valued at about $942,000. Finally, Tidal Investments LLC grew its stake in shares of TELUS by 117.9% during the fourth quarter. Tidal Investments LLC now owns 41,607 shares of the Wireless communications provider’s stock valued at $564,000 after acquiring an additional 22,512 shares in the last quarter. Institutional investors and hedge funds own 49.40% of the company’s stock.

About TELUS

TELUS Corporation, together with its subsidiaries, provides a range of telecommunications and information technology products and services in Canada. It operates through Technology Solutions and Digitally-Led Customer Experiences segments. The Technology Solutions segment offers a range of telecommunications products and services; network services; healthcare services; mobile technologies equipment; data services, such as internet protocol; television; hosting, managed information technology, and cloud-based services; software, data management, and data analytics-driven smart food-chain and consumer goods technologies; home and business security; healthcare software and technology solutions; and voice and other telecommunications services, as well as mobile and fixed voice and data telecommunications services and products.