BCE, Inc. (NYSE:BCE) (TSE:BCE) – Investment analysts at Desjardins boosted their Q3 2017 earnings estimates for BCE in a research note issued on Friday. Desjardins analyst M. Yaghi now anticipates that the utilities provider will post earnings per share of $0.68 for the quarter, up from their prior estimate of $0.64. Desjardins also issued estimates for BCE’s Q4 2017 earnings at $0.60 EPS, FY2017 earnings at $2.68 EPS and FY2018 earnings at $2.74 EPS.

BCE (NYSE:BCE) (TSE:BCE) last announced its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by $0.02. BCE had a return on equity of 21.08% and a net margin of 12.85%. The firm had revenue of $5.70 billion during the quarter, compared to analysts’ expectations of $5.65 billion. During the same period in the previous year, the company posted $0.94 earnings per share. The company’s quarterly revenue was up 6.7% compared to the same quarter last year.

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BCE has been the subject of a number of other reports. BidaskClub upgraded BCE from a “sell” rating to a “hold” rating in a research note on Tuesday, June 13th. Barclays PLC boosted their price objective on BCE from $47.00 to $51.00 and gave the company an “overweight” rating in a research note on Friday. Zacks Investment Research upgraded BCE from a “hold” rating to a “buy” rating and set a $50.00 price objective for the company in a research note on Thursday, June 29th. Canaccord Genuity set a $60.00 price objective on BCE and gave the company a “hold” rating in a research note on Tuesday, May 16th. Finally, Argus started coverage on BCE in a research note on Tuesday, July 18th. They set a “hold” rating for the company. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $58.43.

Shares of BCE (BCE) opened at 46.71 on Monday. The stock has a market capitalization of $42.02 billion, a P/E ratio of 17.89 and a beta of 0.36. BCE has a one year low of $41.83 and a one year high of $49.03. The stock has a 50 day moving average of $45.55 and a 200-day moving average of $44.82.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Camarda Financial Advisors LLC increased its position in BCE by 0.5% in the second quarter. Camarda Financial Advisors LLC now owns 2,964 shares of the utilities provider’s stock valued at $133,000 after buying an additional 16 shares during the last quarter. Parkside Financial Bank & Trust increased its position in BCE by 0.3% in the first quarter. Parkside Financial Bank & Trust now owns 7,890 shares of the utilities provider’s stock valued at $349,000 after buying an additional 20 shares during the last quarter. SG Americas Securities LLC increased its position in BCE by 0.7% in the first quarter. SG Americas Securities LLC now owns 2,951 shares of the utilities provider’s stock valued at $131,000 after buying an additional 20 shares during the last quarter. Park Avenue Securities LLC increased its position in BCE by 0.5% in the second quarter. Park Avenue Securities LLC now owns 7,206 shares of the utilities provider’s stock valued at $326,000 after buying an additional 34 shares during the last quarter. Finally, FTB Advisors Inc. increased its position in BCE by 1.2% in the first quarter. FTB Advisors Inc. now owns 7,579 shares of the utilities provider’s stock valued at $339,000 after buying an additional 87 shares during the last quarter. Institutional investors and hedge funds own 43.99% of the company’s stock.

The firm also recently declared a quarterly dividend, which will be paid on Sunday, October 15th. Shareholders of record on Friday, September 15th will be paid a $0.575 dividend. This represents a $2.30 annualized dividend and a yield of 4.92%. This is an increase from BCE’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend is Thursday, September 14th. BCE’s dividend payout ratio is presently 87.30%.

BCE Company Profile

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.

Earnings History and Estimates for BCE (NYSE:BCE)

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