BCE Inc. (BCE) Forecasted to Earn Q3 2017 Earnings of $0.83 Per Share
BCE Inc. (TSE:BCE) (NYSE:BCE) – Stock analysts at National Bank Financial issued their Q3 2017 earnings per share (EPS) estimates for BCE in a research note issued to investors on Monday. National Bank Financial analyst A. Shine anticipates that the company will post earnings of $0.83 per share for the quarter. National Bank Financial also issued estimates for BCE’s FY2017 earnings at $3.33 EPS and FY2019 earnings at $3.58 EPS.
Several other research analysts also recently weighed in on BCE. Scotiabank dropped their target price 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. J P Morgan Chase & Co lowered their price objective 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, TD Securities lowered 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. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. BCE has a consensus rating of “Buy” and an average price target of C$62.08.
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BCE (BCE) opened at 59.10 on Wednesday. BCE has a 52 week low of $56.80 and a 52 week high of $63.00. The company’s 50 day moving average is $58.63 and its 200 day moving average is $59.54. The stock has a market cap of $53.21 billion and a P/E ratio of 18.24.
BCE (TSE:BCE) (NYSE:BCE) last announced its quarterly earnings data on Thursday, August 3rd. The company reported C$0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.87 by C$0.01. The business had revenue of C$5.70 billion for the quarter, compared to the consensus estimate of C$5.62 billion. BCE had a net margin of 14.23% and a return on equity of 20.64%.
In related news, Director Katherine M. Lee acquired 2,000 shares of the stock in a transaction that occurred on Friday, August 18th. The shares were purchased at an average cost of C$58.91 per share, with a total value of C$117,820.00. Also, insider Blaik Kirby sold 6,498 shares of the business’s 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 transaction of C$385,331.40.
The business also recently disclosed a quarterly dividend, which was paid on Sunday, October 15th. Investors of record on Friday, September 15th were 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 was Thursday, September 14th.
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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