BCE Inc. (BCE) Expected to Post Q3 2017 Earnings of $0.86 Per Share
BCE Inc. (TSE:BCE) (NYSE:BCE) – Investment analysts at Cormark issued their Q3 2017 earnings per share estimates for BCE in a research report issued to clients and investors on Monday. Cormark analyst D. Mcfadgen forecasts that the company will earn $0.86 per share for the quarter. Cormark also issued estimates for BCE’s FY2017 earnings at $3.32 EPS.
Several other analysts also recently weighed in on the stock. TD Securities cut their price objective on shares of BCE from C$59.00 to C$58.00 and set a “hold” rating on the stock in a research report on Monday, September 25th. J P Morgan Chase & Co dropped their price target on shares of BCE from C$66.00 to C$65.00 and set an “overweight” rating on the stock in a research report on Friday, August 4th. Finally, Scotiabank dropped their price target on shares of BCE from C$61.00 to C$60.00 and set a “sector perform” rating on the stock in a research report on Thursday, July 27th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. BCE currently has a consensus rating of “Buy” and an average price target of C$62.08.
ILLEGAL ACTIVITY WARNING: “BCE Inc. (BCE) Expected to Post Q3 2017 Earnings of $0.86 Per Share” was originally reported by American Banking News and is the sole property of of American Banking News. If you are accessing this article on another site, it was illegally stolen and republished in violation of United States and international copyright & trademark law. The legal version of this article can be read at https://www.americanbankingnews.com/2017/10/25/bce-inc-bce-expected-to-post-q3-2017-earnings-of-0-86-per-share.html.
BCE (TSE:BCE) opened at 59.10 on Wednesday. BCE has a 12-month low of $56.80 and a 12-month high of $63.00. The stock has a market capitalization of $53.21 billion and a PE ratio of 18.24. The company’s 50-day moving average is $58.63 and its 200 day moving average is $59.54.
BCE (TSE:BCE) (NYSE:BCE) last posted its quarterly earnings results on Thursday, August 3rd. The company reported C$0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.87 by C$0.01. The firm had revenue of C$5.70 billion during the quarter, compared to analysts’ expectations of C$5.62 billion. BCE had a net margin of 14.23% and a return on equity of 20.64%.
The business also recently declared a quarterly dividend, which was paid on Sunday, October 15th. Shareholders of record on Friday, September 15th were given a dividend of $0.7175 per share. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $2.87 dividend on an annualized basis and a dividend yield of 4.86%.
In other news, insider Blaik Kirby sold 6,498 shares of BCE stock in a transaction that occurred on Thursday, August 17th. The shares were sold at an average price of C$59.30, for a total value of C$385,331.40. Also, Director Katherine M. Lee acquired 2,000 shares of the stock in a transaction dated Friday, August 18th. The stock was acquired at an average cost of C$58.91 per share, for a total transaction of C$117,820.00.
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.
Receive News & Ratings for BCE Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BCE Inc. and related companies with MarketBeat.com's FREE daily email newsletter.