What is Cormark's Forecast for BCE FY2025 Earnings?

BCE Inc. (TSE:BCE - Free Report) NYSE: BCE - Research analysts at Cormark lifted their FY2025 earnings per share (EPS) estimates for BCE in a research note issued on Tuesday, November 5th. Cormark analyst D. Mcfadgen now expects that the company will post earnings of $3.16 per share for the year, up from their previous forecast of $3.06. The consensus estimate for BCE's current full-year earnings is $3.11 per share.

A number of other research analysts have also issued reports on the company. Barclays dropped their target price on BCE from C$48.00 to C$46.00 in a report on Wednesday, October 9th. BMO Capital Markets boosted their target price on BCE from C$48.00 to C$51.00 in a report on Thursday, September 19th. Scotiabank dropped their target price on BCE from C$50.50 to C$47.50 in a report on Tuesday. National Bank Financial downgraded BCE from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 30th. Finally, TD Securities decreased their price target on BCE from C$50.00 to C$43.00 in a research note on Tuesday. Ten investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of C$47.23.

BCE Stock Performance

Shares of TSE:BCE traded up C$0.14 during trading on Wednesday, reaching C$40.06. The company had a trading volume of 6,799,752 shares, compared to its average volume of 3,038,167. The firm has a market capitalization of C$36.55 billion, a price-to-earnings ratio of 18.63, a price-to-earnings-growth 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. The stock's fifty day moving average price is C$46.32 and its 200 day moving average price is C$45.95. BCE has a fifty-two week low of C$39.43 and a fifty-two week high of C$56.18.

BCE Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 15th were given a dividend of $0.998 per share. The ex-dividend date was Monday, September 16th. This represents a $3.99 dividend on an annualized basis and a yield of 9.97%. BCE's payout ratio is 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.