Analysts Issue Forecasts for BCE’s Q4 Earnings (TSE:BCE)

BCE Inc. (TSE:BCE) (NYSE:BCE) – Research analysts at Zacks Research boosted their Q4 2024 EPS estimates for shares of BCE in a research report issued on Wednesday, November 27th. Zacks Research analyst R. Department now expects that the company will earn $0.74 per share for the quarter, up from their previous forecast of $0.72. The consensus estimate for BCE’s current full-year earnings is $3.11 per share. Zacks Research also issued estimates for BCE’s Q1 2025 earnings at $0.68 EPS, Q4 2025 earnings at $0.71 EPS, FY2025 earnings at $2.90 EPS, Q2 2026 earnings at $0.73 EPS, Q3 2026 earnings at $0.77 EPS and FY2026 earnings at $2.95 EPS.

Several other research firms have also commented on BCE. JPMorgan Chase & Co. reduced their price target on BCE from C$47.00 to C$41.00 in a research report on Friday, November 8th. BMO Capital Markets lifted their price objective on shares of BCE from C$48.00 to C$51.00 in a research report on Thursday, September 19th. National Bankshares cut their price target on shares of BCE from C$48.00 to C$42.00 in a report on Tuesday, November 5th. TD Securities lowered their price objective on BCE from C$39.00 to C$37.00 and set a “hold” rating for the company in a research report on Tuesday. Finally, Canaccord Genuity Group reduced their target price on BCE from C$41.00 to C$37.50 in a research report on Friday, November 8th. Nine equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of C$44.68.

BCE Price Performance

TSE BCE opened at C$38.44 on Monday. The company has a market cap of C$35.07 billion, a PE ratio of 17.88, a P/E/G ratio of 4.67 and a beta of 0.48. BCE has a 52-week low of C$36.95 and a 52-week high of C$56.18. The company has a debt-to-equity ratio of 197.43, a quick ratio of 0.43 and a current ratio of 0.65. The firm’s 50 day moving average price is C$42.69 and its 200-day moving average price is C$44.98.

BCE Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Monday, December 16th will be issued a $0.9975 dividend. This represents a $3.99 annualized dividend and a yield of 10.38%. The ex-dividend date is Monday, December 16th. 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.