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

BCE Inc. (TSE:BCE) (NYSE:BCE) – Cormark issued their Q4 2024 EPS estimates for shares of BCE in a report issued on Tuesday, February 4th. Cormark analyst D. Mcfadgen anticipates that the company will earn $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.

A number of other analysts also recently issued reports on the stock. National Bankshares lowered their price target on shares of BCE from C$37.00 to C$35.00 and set a “sector perform” rating on the stock in a report on Friday, January 3rd. Scotiabank lowered their price target on shares of BCE from C$45.00 to C$42.00 in a report on Tuesday, November 26th. Canaccord Genuity Group lowered their price target on shares of BCE from C$37.50 to C$33.00 and set a “hold” rating on the stock in a report on Thursday, December 19th. Canaccord Genuity Group dropped their target price on shares of BCE from C$41.00 to C$37.50 in a research report on Friday, November 8th. Finally, Royal Bank of Canada dropped their target price on shares of BCE from C$45.00 to C$41.00 and set a “sector perform” rating on the stock in a research report on Wednesday, December 18th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of C$40.88.

BCE Stock Performance

Shares of TSE BCE opened at C$34.91 on Wednesday. The business’s fifty day moving average price is C$34.71. BCE has a 1 year low of C$31.43 and a 1 year high of C$53.51. The stock has a market capitalization of C$31.85 billion, a P/E ratio of 16.24, a PEG ratio of 4.67 and a beta of 0.48. The company has a debt-to-equity ratio of 197.43, a current ratio of 0.65 and a quick ratio of 0.43.

BCE (TSE:BCE) (NYSE:BCE) last released its quarterly earnings data 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 previous year, the company earned $0.81 earnings per share.

BCE Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Wednesday, January 15th were paid a dividend of $0.9975 per share. This represents a $3.99 dividend on an annualized basis and a 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.