Cormark Has Optimistic Outlook of BCE FY2025 Earnings

BCE Inc. (TSE:BCE) (NYSE:BCE) – Analysts at Cormark raised their FY2025 earnings estimates for BCE in a report released on Tuesday, November 5th. Cormark analyst D. Mcfadgen now anticipates that the company will earn $3.16 per share for the year, up from their prior forecast of $3.06. The consensus estimate for BCE’s current full-year earnings is $3.11 per share.

A number of other analysts also recently commented on BCE. National Bankshares lowered their target price on BCE from C$48.00 to C$42.00 in a research note on Tuesday. BMO Capital Markets raised their price objective on shares of BCE from C$48.00 to C$51.00 in a research note on Thursday, September 19th. National Bank Financial lowered shares of BCE from a “strong-buy” rating to a “hold” rating in a report on Monday, September 30th. Desjardins increased their price target on shares of BCE from C$48.00 to C$51.00 and gave the stock a “hold” rating in a report on Friday, August 2nd. Finally, Royal Bank of Canada cut their price objective on shares of BCE from C$52.00 to C$47.00 in a report on Tuesday. Ten analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, BCE has an average rating of “Hold” and an average price target of C$47.23.

BCE Price Performance

TSE:BCE opened at C$40.06 on Wednesday. The firm’s fifty day moving average is C$46.32 and its two-hundred day moving average is C$45.95. The firm has a market cap of C$36.55 billion, a price-to-earnings ratio of 18.63, a PEG ratio of 4.67 and a beta of 0.48. The company has a debt-to-equity ratio of 197.43, a quick ratio of 0.43 and a current ratio of 0.65. BCE has a one year low of C$39.43 and a one year high of C$56.18.

BCE Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 15th were issued a dividend of $0.998 per share. The ex-dividend date of this dividend was Monday, September 16th. This represents a $3.99 dividend on an annualized basis and a dividend yield of 9.97%. BCE’s 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.