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

BCE Inc. (TSE:BCE - Free Report) NYSE: BCE - Research analysts at Cormark issued their Q4 2024 earnings estimates for BCE in a report released 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.

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

BCE has been the subject of several other research reports. National Bankshares lowered their price target on BCE from C$37.00 to C$35.00 and set a "sector perform" rating for the company in a research report on Friday, January 3rd. 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 note on Wednesday, December 18th. Canaccord Genuity Group increased their price target on shares of BCE from C$33.00 to C$33.50 and gave the company a "hold" rating in a report on Friday. JPMorgan Chase & Co. lowered shares of BCE from a "neutral" rating to an "underweight" rating and decreased their price objective for the stock from C$35.00 to C$29.00 in a report on Friday. Finally, Barclays downgraded BCE from an "equal weight" rating to an "underperform" rating and cut their target price for the company from C$41.00 to C$30.00 in a research note on Thursday, January 30th. Two equities 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 stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of C$40.42.

BCE Stock Down 6.2 %

BCE stock traded down C$2.08 during mid-day trading on Wednesday, hitting C$31.62. The company had a trading volume of 9,499,711 shares, compared to its average volume of 4,152,927. BCE has a 12 month low of C$31.43 and a 12 month high of C$52.01. The company has a market capitalization of C$28.85 billion, a PE ratio of 14.71, a price-to-earnings-growth ratio of 4.67 and a beta of 0.48. The stock's 50 day moving average price is C$34.40 and its two-hundred day moving average price is C$41.18. 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 Cuts Dividend

The company also recently declared 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. The ex-dividend date was Monday, December 16th. This represents a $3.99 dividend on an annualized basis and a dividend yield of 12.62%. BCE's dividend payout ratio is currently 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.