Q4 Earnings Forecast for BCE Issued By Cormark (TSE:BCE)

BCE Inc. (TSE:BCE) (NYSE:BCE) – Equities researchers at Cormark issued their Q4 2024 EPS estimates for shares of BCE in a research report issued to clients and investors on Tuesday, February 4th. Cormark analyst D. Mcfadgen anticipates that the company will post earnings of $0.67 per share for the quarter. The consensus estimate for BCE’s current full-year earnings is $3.11 per share. Cormark also issued estimates for BCE’s FY2025 earnings at $2.91 EPS.

Several other research firms have also commented on BCE. TD Securities reduced their price objective on shares of BCE from C$32.00 to C$31.00 and set a “hold” rating for the company in a research note on Thursday, January 30th. Canaccord Genuity Group reduced their price objective on shares of BCE from C$37.50 to C$33.00 and set a “hold” rating for the company in a research note on Thursday, December 19th. National Bankshares reduced their price objective on shares of BCE from C$37.00 to C$35.00 and set a “sector perform” rating for the company in a research note on Friday, January 3rd. JPMorgan Chase & Co. reduced their price objective on shares of BCE from C$41.00 to C$35.00 and set a “neutral” rating for the company in a research note on Thursday, January 2nd. Finally, Scotiabank reduced their price objective on shares of BCE from C$45.00 to C$42.00 in a research note on Tuesday, November 26th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat, BCE presently has a consensus rating of “Hold” and an average price target of C$40.88.

BCE Stock Performance

TSE:BCE opened at C$34.91 on Wednesday. BCE has a one year low of C$31.43 and a one year high of C$53.51. The company has a debt-to-equity ratio of 197.43, a quick ratio of 0.43 and a current ratio of 0.65. The company has a market cap of C$31.85 billion, a price-to-earnings ratio of 16.24, a P/E/G ratio of 4.67 and a beta of 0.48. The firm has a 50-day simple moving average of C$34.71.

BCE (TSE:BCE) (NYSE:BCE) last posted its quarterly earnings results on Thursday, November 7th. The company reported C$0.75 EPS for the quarter, missing the consensus estimate of C$0.77 by C($0.02). BCE had a net margin of 8.75% and a return on equity of 10.63%. During the same quarter in the prior year, the business posted $0.81 earnings per share.

BCE Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Wednesday, January 15th were issued a $0.9975 dividend. This represents a $3.99 annualized dividend and a dividend yield of 11.43%. The ex-dividend date was Monday, December 16th. BCE’s dividend payout ratio (DPR) is currently 185.58%.

About BCE

BCE Inc, a communications company, provides wireless, wireline, Internet, and television (TV) services to residential, business, and wholesale customers in Canada. The company operates through two segments, Bell Communication and Technology Services, and Bell Media. The Bell Communication and Technology Services segment provides wireless products and services including mobile data and voice plans and devices; wireline products and services comprising data, including internet access, internet protocol television, cloud-based services, and business solutions, as well as voice, and other communication services and products; and satellite TV and connectivity services for residential, small and medium-sized business, government, and large enterprise customers.