FY2018 EPS Estimates for BCE Inc. Boosted by National Bank Financial (TSE:BCE)
BCE Inc. (TSE:BCE) (NYSE:BCE) – Research analysts at National Bank Financial upped their FY2018 EPS estimates for shares of BCE in a research note issued to investors on Thursday. National Bank Financial analyst A. Shine now anticipates that the company will earn $3.59 per share for the year, up from their previous estimate of $3.57.
BCE (TSE:BCE) (NYSE:BCE) last announced its quarterly earnings results on Thursday, August 3rd. The company reported $0.88 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.87 by $0.01. BCE had a return on equity of 19.17% and a net margin of 13.47%. The business had revenue of $5.70 billion for the quarter, compared to analyst estimates of $5.62 billion.
A number of other equities research analysts also recently commented on BCE. Scotiabank lifted their price objective on BCE from C$60.00 to C$61.00 and gave the company a “sector perform” rating in a research report on Friday, April 21st. TD Securities reaffirmed a “hold” rating and issued a C$59.00 price objective on shares of BCE in a research report on Monday, April 24th. Royal Bank Of Canada lifted their price objective on BCE from C$60.00 to C$61.00 and gave the company a “sector perform” rating in a research report on Thursday, April 27th. J P Morgan Chase & Co lifted their price objective on BCE from C$64.00 to C$66.00 in a research report on Monday, May 8th. Finally, Morgan Stanley lifted their price objective on BCE from C$61.00 to C$62.00 in a research report on Wednesday, May 17th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. BCE currently has an average rating of “Hold” and an average price target of C$62.17.
BCE (TSE BCE) opened at 59.08 on Monday. BCE has a 52 week low of $56.80 and a 52 week high of $63.38. The stock has a 50 day moving average price of $58.65 and a 200 day moving average price of $59.35. The firm 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 given a dividend of $0.7175 per share. This represents a $2.87 dividend on an annualized basis and a yield of 4.86%. The ex-dividend date of this dividend is Thursday, September 14th.
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.
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