TELUS Corporation (NYSE: TU) stock jumped 0.90% on Friday to $21.36 against a previous-day closing price of $21.17. With 1.02 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.12 million shares. During the session, the Telecom Services company that operates in wider Communication Services sector, reached to the highest price of $21.48 whereas the lowest price it dropped to was $21.07. The 52-week range on TU shows that it touched its highest point at $27.50 and its lowest point at $21.17 during that stretch. It currently has a 1-year price target of $26.49. With its current market cap of 29.72 billion, TU has annualized dividend of $1.03 while the current yield stands at 4.85%. Beta for the stock currently stands at 0.68.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of TU was down-trending over the past week, with a drop of -1.29%, but this was down by -8.05% over a month. Three-month performance dropped to -2.55% while six-month performance fell -16.24%. The stock lost -5.02% in the past year, while it has lost -9.38% so far this year. A look at the trailing 12-month EPS for TU yields 1.01 with Next year EPS estimates of 1.45. For the next quarter, that number is 0.34. This implies an EPS growth rate of 29.70% for this year and 13.84% for next year. EPS is expected to grow by 15.33% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 3.50%.
Float and Shares Shorts:
At present, 1.42 billion TU shares are outstanding with a float of 1.39 billion shares on hand for trading. On Jul 14, 2022, short shares totaled 15.77 million, which was 1.14% higher than short shares on Jun 14, 2022. In addition to Mr. Darren Entwistle B.A., LL.D., M.B.A. as the firm’s Pres, CEO & Director, Mr. Douglas French serves as its Exec. VP & CFO.
Through their ownership of 54.75% of TU’s outstanding shares, institutional investors have majority control over the company. Other institutions hold — of TU, in contrast to — held by mutual funds. Shares owned by individuals account for –. With a 1.19% stake in TU, the RBC Canadian Dividend Fund is the largest stakeholder. A total of 16,424,742 shares are owned by the mutual fund manager. The Imperial Canadian Dividend Income, which owns about 0.80% of TU stock, is the second-largest Mutual Fund holder. It holds 11,055,006 shares valued at 248.96 million. Scotia Canadian Dividend Fund holds 0.72% of the stake in TU, owning 9,994,400 shares worth 225.07 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for TU since 17 analysts follow the stock currently. There are 10 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 5 believe that the stock is worth HOLDING, 2 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With TU analysts setting a high price target of $28.36 and a low target of $24.76, the average target price over the next 12 months is $26.37. Based on these targets, TU could surge 32.77% to reach the target high and rise by 15.92% to reach the target low. Reaching the average price target will result in a growth of 23.46% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. TU will report FY 2022 earnings on 02/09/2023. Analysts have provided yearly estimates in a range of $1.06 being high and $0.92 being low. For TU, this leads to a yearly average estimate of $0.98. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. TELUS Corporation surprised analysts by $0.02 when it reported $0.25 EPS against a consensus estimate of $0.23. The surprise factor in the prior quarter was -$0.01. Based on analyst estimates, the high estimate for the next quarter is $0.29 and the low estimate is $0.25. The average estimate for the next quarter is thus $0.26.
Summary of Insider Activity:
Insiders traded TU stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 92 while that of sell transactions has risen to 40 over the past year. The total number of shares bought during that period was 1,844,065 while 1,468,326 shares were sold.