FY2025 Earnings Forecast for BCE Issued By Scotiabank

BCE Inc. (TSE:BCE - Free Report) NYSE: BCE - Scotiabank cut their FY2025 earnings per share estimates for shares of BCE in a report issued on Wednesday, January 8th. Scotiabank analyst M. Yaghi now anticipates that the company will post earnings per share of $2.87 for the year, down from their previous forecast of $3.18. The consensus estimate for BCE's current full-year earnings is $3.11 per share.

BCE has been the topic of a number of other research reports. Canaccord Genuity Group cut their target price on shares of BCE from C$37.50 to C$33.00 and set a "hold" rating on the stock in a research report on Thursday, December 19th. National Bankshares cut 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 report on Friday, January 3rd. National Bank Financial lowered BCE from a "strong-buy" rating to a "hold" rating in a report on Monday, September 30th. Barclays cut their price target on BCE from C$46.00 to C$41.00 in a report on Monday, November 11th. Finally, Canaccord Genuity Group decreased their price objective on BCE from C$41.00 to C$37.50 in a research note on Friday, November 8th. Ten investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of C$41.88.

BCE Stock Down 0.9 %

Shares of BCE stock traded down C$0.30 on Thursday, hitting C$33.69. The stock had a trading volume of 2,369,469 shares, compared to its average volume of 2,734,132. BCE has a one year low of C$31.99 and a one year high of C$56.18. The business has a 50 day moving average price of C$36.48 and a 200 day moving average price of C$42.74. The company has a market cap of C$30.73 billion, a PE ratio of 15.67, a P/E/G ratio of 4.67 and a beta of 0.48. The company has a quick ratio of 0.43, a current ratio of 0.65 and a debt-to-equity ratio of 197.43.

BCE Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Wednesday, January 15th will be given a $0.9975 dividend. This represents a $3.99 annualized dividend and a dividend yield of 11.84%. The ex-dividend date of this dividend is Monday, December 16th. BCE's payout ratio 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.