BCE Inc. Forecasted to Post FY2017 Earnings of $3.35 Per Share (TSE:BCE)
BCE Inc. (TSE:BCE) (NYSE:BCE) – Analysts at Desjardins dropped their FY2017 earnings per share (EPS) estimates for shares of BCE in a research note issued to investors on Friday. Desjardins analyst M. Yaghi now expects that the company will post earnings per share of $3.35 for the year, down from their prior forecast of $3.36. Desjardins also issued estimates for BCE’s FY2018 earnings at $3.43 EPS.
BCE (TSE:BCE) (NYSE:BCE) last announced its quarterly earnings results on Thursday, August 3rd. The company reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.01. The firm had revenue of $5.70 billion for the quarter, compared to the consensus estimate of $5.62 billion. BCE had a net margin of 13.47% and a return on equity of 19.17%.
BCE has been the topic of several other research reports. Scotiabank upped their price objective on shares of BCE from C$60.00 to C$61.00 and gave the company a “sector perform” rating in a report on Friday, April 21st. J P Morgan Chase & Co upped their price objective on shares of BCE from C$64.00 to C$66.00 in a report on Monday, May 8th. TD Securities restated a “hold” rating and set a C$59.00 price objective on shares of BCE in a report on Monday, April 24th. Royal Bank Of Canada upped their price objective on shares of BCE from C$60.00 to C$61.00 and gave the company a “sector perform” rating in a report on Thursday, April 27th. Finally, Morgan Stanley upped their price objective on shares of BCE from C$61.00 to C$62.00 in a report on Wednesday, May 17th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. BCE currently has a consensus rating of “Hold” and an average price target of C$62.17.
Shares of BCE (TSE:BCE) opened at 59.08 on Monday. The stock’s 50 day moving average is $58.65 and its 200-day moving average is $59.35. BCE has a one year low of $56.80 and a one year high of $63.38. The stock has a market cap of $53.14 billion and a P/E ratio of 17.96.
The company also recently announced a quarterly dividend, which will be paid on Sunday, October 15th. Investors of record on Friday, September 15th will be given a $0.7175 dividend. The ex-dividend date is Thursday, September 14th. This represents a $2.87 dividend on an annualized basis and a yield of 4.86%.
BCE Inc is a communications company. The Company’s segments include Bell Wireless, Bell Wireline and Bell Media. Its Bell Wireless segment provides wireless voice and data communications products and services to its residential, small and medium-sized business and large enterprise customers across Canada.
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