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

BCE Inc. (TSE:BCE - Free Report) NYSE: BCE - Investment analysts at Cormark issued their Q4 2024 earnings estimates for BCE in a research note issued to investors on Tuesday, February 4th. Cormark analyst D. Mcfadgen forecasts 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.

Other equities research analysts have also recently issued reports about the stock. TD Securities upped their target price on shares of BCE from C$31.00 to C$33.00 and gave the company a "hold" rating in a report on Friday. Scotiabank decreased their price objective on BCE from C$42.00 to C$40.00 and set a "sector perform" rating for the company in a research report on Friday. Barclays lowered BCE from an "equal weight" rating to an "underperform" rating and dropped their target price for the company from C$41.00 to C$30.00 in a report on Thursday, January 30th. Canaccord Genuity Group decreased their price target on BCE from C$41.00 to C$37.50 in a report on Friday, November 8th. Finally, National Bankshares dropped their price objective on shares of BCE from C$37.00 to C$35.00 and set a "sector perform" rating on the stock in a research note on Friday, January 3rd. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of C$40.42.

BCE Stock Performance

BCE stock traded down C$2.08 on Wednesday, hitting C$31.62. The company's stock had a trading volume of 9,499,711 shares, compared to its average volume of 4,152,927. The stock has a market cap of C$28.85 billion, a price-to-earnings ratio of 14.71, a price-to-earnings-growth ratio of 4.67 and a beta of 0.48. The firm has a 50 day moving average of C$34.40 and a two-hundred day moving average of C$41.21. The company has a current ratio of 0.65, a quick ratio of 0.43 and a debt-to-equity ratio of 197.43. BCE has a 1 year low of C$31.43 and a 1 year high of C$52.01.

BCE (TSE:BCE - Get Free Report) NYSE: BCE last issued its quarterly earnings data on Thursday, November 7th. The company reported C$0.75 earnings per share for the quarter, missing analysts' consensus estimates 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 period in the previous year, the firm posted $0.81 earnings per share.

BCE Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Wednesday, January 15th were paid a dividend of $0.9975 per share. This represents a $3.99 annualized dividend and a dividend yield of 12.62%. The ex-dividend date was Monday, December 16th. BCE's dividend payout ratio (DPR) is 185.58%.

BCE Company Profile

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.