Research Analysts Issue Forecasts for BCE Inc.’s Q1 2024 Earnings (TSE:BCE)

BCE Inc. (TSE:BCEFree Report) (NYSE:BCE) – Stock analysts at Cormark issued their Q1 2024 EPS estimates for shares of BCE in a note issued to investors on Thursday, April 18th. Cormark analyst D. Mcfadgen anticipates that the company will post earnings per share of $0.70 for the quarter. The consensus estimate for BCE’s current full-year earnings is $3.04 per share.

BCE (TSE:BCEGet Free Report) (NYSE:BCE) last announced its earnings results on Thursday, February 8th. The company reported C$0.76 EPS for the quarter, topping the consensus estimate of C$0.73 by C$0.03. The firm had revenue of C$6.47 billion for the quarter, compared to the consensus estimate of C$6.48 billion. BCE had a net margin of 9.17% and a return on equity of 10.81%.

Several other research analysts also recently commented on the stock. Canaccord Genuity Group dropped their target price on shares of BCE from C$57.00 to C$55.00 and set a “buy” rating on the stock in a report on Friday, February 9th. National Bankshares dropped their target price on shares of BCE from C$55.00 to C$53.00 and set an “outperform” rating on the stock in a report on Monday, March 25th. TD Securities dropped their target price on shares of BCE from C$55.00 to C$51.00 and set a “hold” rating on the stock in a report on Friday, February 9th. Barclays dropped their price objective on shares of BCE from C$52.00 to C$48.00 in a report on Tuesday, April 9th. Finally, CIBC dropped their price objective on shares of BCE from C$54.00 to C$52.00 in a report on Thursday, April 4th. Eight investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of C$52.48.

Read Our Latest Stock Report on BCE

BCE Stock Performance

Shares of BCE opened at C$44.80 on Friday. The company has a market capitalization of C$40.87 billion, a PE ratio of 19.65, a price-to-earnings-growth ratio of 1.90 and a beta of 0.44. BCE has a one year low of C$43.96 and a one year high of C$65.66. The company has a debt-to-equity ratio of 175.98, a current ratio of 0.65 and a quick ratio of 0.43. The company’s fifty day moving average price is C$47.53 and its 200 day moving average price is C$51.27.

BCE Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Monday, April 15th were given a dividend of $0.998 per share. This is a positive change from BCE’s previous quarterly dividend of $0.97. This represents a $3.99 annualized dividend and a dividend yield of 8.91%. The ex-dividend date was Thursday, March 14th. BCE’s payout ratio is 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 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.

See Also

Earnings History and Estimates for BCE (TSE:BCE)

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