BCE FY2025 EPS Forecast Lowered by National Bank Financial

BCE Inc. (TSE:BCE) (NYSE:BCE) – Research analysts at National Bank Financial dropped their FY2025 EPS estimates for shares of BCE in a report issued on Monday, November 4th. National Bank Financial analyst A. Shine now expects that the company will post earnings per share of $2.90 for the year, down from their prior estimate of $3.02. 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.

Several other equities research analysts have also commented on the stock. BMO Capital Markets boosted their price objective on shares of BCE from C$48.00 to C$51.00 in a research report on Thursday, September 19th. National Bankshares reduced their price target on shares of BCE from C$48.00 to C$42.00 in a report on Tuesday. JPMorgan Chase & Co. lifted their price objective on BCE from C$46.00 to C$47.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. TD Securities cut their price target on BCE from C$50.00 to C$43.00 in a report on Tuesday. Finally, Barclays dropped their price objective on BCE from C$48.00 to C$46.00 in a research report on Wednesday, October 9th. Ten analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of C$47.23.

BCE Stock Down 1.4 %

BCE opened at C$39.92 on Wednesday. BCE has a one year low of C$39.69 and a one year high of C$56.18. The company has a market cap of C$36.42 billion, a price-to-earnings ratio of 18.57, a PEG ratio of 4.67 and a beta of 0.48. The business’s fifty day moving average is C$46.46 and its two-hundred day moving average is C$45.99. 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 Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 15th were paid a dividend of $0.998 per share. This represents a $3.99 dividend on an annualized basis and a yield of 10.00%. The ex-dividend date of this dividend was Monday, September 16th. BCE’s dividend payout ratio is currently 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.