National Bank Financial Forecasts BCE Q4 Earnings

BCE Inc. (TSE:BCE) (NYSE:BCE) – Analysts at National Bank Financial issued their Q4 2024 EPS estimates for shares of BCE in a report released on Wednesday, December 18th. National Bank Financial analyst A. Shine expects that the company will post earnings of $0.73 per share for the quarter. National Bank Financial currently has a “Hold” rating on the stock. The consensus estimate for BCE’s current full-year earnings is $3.11 per share. National Bank Financial also issued estimates for BCE’s FY2025 earnings at $2.69 EPS.

BCE has been the subject of a number of other research reports. JPMorgan Chase & Co. cut their price objective on BCE from C$47.00 to C$41.00 in a research report on Friday, November 8th. TD Securities reduced their target price on BCE from C$39.00 to C$37.00 and set a “hold” rating for the company in a report on Tuesday, December 3rd. Scotiabank dropped their price target on BCE from C$45.00 to C$42.00 in a research note on Tuesday, November 26th. Barclays reduced their price objective on shares of BCE from C$46.00 to C$41.00 in a research note on Monday, November 11th. Finally, Canaccord Genuity Group dropped 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. Ten research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of C$43.38.

BCE Stock Up 0.3 %

TSE:BCE opened at C$32.93 on Monday. The company has a current ratio of 0.65, a quick ratio of 0.43 and a debt-to-equity ratio of 197.43. The business’s 50-day moving average price is C$39.65. BCE has a 52-week low of C$32.44 and a 52-week high of C$56.18. The firm has a market capitalization of C$30.04 billion, a price-to-earnings ratio of 15.32, a P/E/G ratio of 4.67 and a beta of 0.48.

BCE Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Wednesday, January 15th will be given a dividend of $0.9975 per share. The ex-dividend date is Monday, December 16th. This represents a $3.99 dividend on an annualized basis and a yield of 12.12%. BCE’s payout ratio is presently 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.