FY2017 Earnings Estimate for BCE Inc. Issued By Cormark (BCE)
BCE Inc. (TSE:BCE) (NYSE:BCE) – Equities researchers at Cormark lifted their FY2017 EPS estimates for BCE in a research note issued to investors on Friday. Cormark analyst D. Mcfadgen now forecasts that the company will post earnings per share of $3.33 for the year, up from their previous estimate of $3.30. Cormark also issued estimates for BCE’s FY2018 earnings at $3.32 EPS.
BCE (TSE:BCE) (NYSE:BCE) last announced its quarterly earnings data on Thursday, August 3rd. The company reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.01. The company had revenue of $5.70 billion for the quarter, compared to analyst estimates of $5.62 billion. BCE had a return on equity of 19.17% and a net margin of 13.47%.
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A number of other research firms also recently commented on BCE. National Bank Financial boosted their target price on BCE from C$59.00 to C$61.00 in a research report on Thursday, April 27th. Scotiabank reiterated a “sector perform” rating and set a C$61.00 target price on shares of BCE in a research report on Thursday, April 27th. Royal Bank Of Canada boosted their target price on BCE from C$60.00 to C$61.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 27th. J P Morgan Chase & Co boosted their target price on BCE from C$64.00 to C$66.00 in a research report on Monday, May 8th. Finally, TD Securities restated a “hold” rating and issued a C$59.00 price objective on shares of BCE in a research report on Monday, April 24th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of C$62.17.
BCE (TSE:BCE) opened at 59.08 on Monday. The firm has a 50-day moving average price of $58.65 and a 200-day moving average price of $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 price-to-earnings ratio of 17.96.
The company 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 dividend of $0.7175 per share. The ex-dividend date is Thursday, September 14th. This represents a $2.87 annualized dividend 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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