FY2025 Earnings Forecast for BCE Inc. Issued By National Bank Financial (TSE:BCE)

BCE Inc. (TSE:BCE) (NYSE:BCE) – Investment analysts at National Bank Financial dropped their FY2025 earnings estimates for BCE in a research note issued to investors on Thursday, May 2nd. National Bank Financial analyst A. Shine now expects that the company will post earnings of $3.08 per share for the year, down from their prior forecast of $3.11. The consensus estimate for BCE’s current full-year earnings is $3.03 per share.

A number of other brokerages have also issued reports on BCE. Desjardins decreased their target price on shares of BCE from C$58.00 to C$55.00 and set a “hold” rating on the stock in a research report on Friday, February 9th. CIBC upgraded BCE from a “neutral” rating to an “outperform” rating in a research note on Tuesday, April 23rd. Canaccord Genuity Group reduced their target price on BCE from C$57.00 to C$55.00 and set a “buy” rating on the stock in a report on Friday, February 9th. TD Securities dropped their price target on BCE from C$48.00 to C$47.00 and set a “hold” rating for the company in a research note on Friday. Finally, Royal Bank of Canada reduced their price objective on shares of BCE from C$57.00 to C$54.00 and set a “sector perform” rating on the stock in a research note on Wednesday, April 10th. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of C$52.15.

BCE Stock Up 1.8 %

BCE opened at C$45.96 on Monday. BCE has a fifty-two week low of C$43.96 and a fifty-two week high of C$65.11. The company has a market capitalization of C$41.93 billion, a P/E ratio of 23.81, a P/E/G ratio of 1.90 and a beta of 0.44. The stock has a fifty day moving average of C$46.42 and a 200-day moving average of C$50.82. The company has a debt-to-equity ratio of 184.91, a quick ratio of 0.43 and a current ratio of 0.61.

BCE (TSE:BCE) (NYSE:BCE) last issued its quarterly earnings data on Thursday, February 8th. The company reported C$0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.73 by C$0.03. BCE had a return on equity of 9.36% and a net margin of 7.88%. The company had revenue of C$6.47 billion during the quarter, compared to analysts’ expectations of C$6.48 billion.

BCE Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 14th will be paid a $0.998 dividend. This represents a $3.99 annualized dividend and a yield of 8.69%. The ex-dividend date is Thursday, June 13th. BCE’s payout ratio is 206.74%.

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.