National Bank Financial Comments on BCE Inc.’s FY2024 Earnings (TSE:BCE)

BCE Inc. (TSE:BCEFree Report) (NYSE:BCE) – Analysts at National Bank Financial cut their FY2024 earnings per share (EPS) estimates for shares of BCE in a research note issued on Thursday, February 8th. National Bank Financial analyst A. Shine now expects that the company will post earnings of $3.07 per share for the year, down from their prior forecast of $3.34. The consensus estimate for BCE’s current full-year earnings is $3.19 per share.

A number of other research firms have also recently commented on BCE. Canaccord Genuity Group cut their target price on BCE from C$57.00 to C$55.00 and set a “buy” rating on the stock in a research report on Friday. BMO Capital Markets cut their target price on BCE from C$60.00 to C$54.00 and set an “outperform” rating on the stock in a research report on Friday. Scotiabank cut their target price on BCE from C$57.25 to C$55.50 and set a “sector perform” rating on the stock in a research report on Friday. Royal Bank of Canada cut their target price on BCE from C$59.00 to C$57.00 and set a “sector perform” rating on the stock in a research report on Friday. Finally, Desjardins cut their target price on BCE from C$58.00 to C$55.00 and set a “hold” rating on the stock in a research report on Friday. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of C$55.81.

Check Out Our Latest Report on BCE

BCE Stock Up 1.2 %

BCE opened at C$51.11 on Monday. The business’s 50-day simple moving average is C$53.74 and its 200-day simple moving average is C$53.91. The company has a debt-to-equity ratio of 175.98, a quick ratio of 0.43 and a current ratio of 0.65. BCE has a one year low of C$49.57 and a one year high of C$65.66. The stock has a market capitalization of C$46.63 billion, a P/E ratio of 22.42, a price-to-earnings-growth ratio of 3.71 and a beta of 0.48.

BCE Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Friday, March 15th will be given a dividend of $0.998 per share. This is a boost from BCE’s previous quarterly dividend of $0.97. The ex-dividend date is Thursday, March 14th. This represents a $3.99 annualized dividend and a yield of 7.81%. BCE’s payout ratio is presently 175.00%.

About BCE

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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 three segments: Bell Wireless, Bell Wireline, and Bell Media. The Bell Wireless segment offers integrated digital wireless voice and data communication products and services, as well as consumer electronics products.

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Earnings History and Estimates for BCE (TSE:BCE)

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