FY2017 EPS Estimates for BCE, Inc. (BCE) Decreased by Analyst
BCE, Inc. (NYSE:BCE) (TSE:BCE) – National Bank Financial dropped their FY2017 earnings per share estimates for shares of BCE in a research report issued to clients and investors on Monday. National Bank Financial analyst A. Shine now forecasts that the utilities provider will post earnings per share of $2.63 for the year, down from their previous estimate of $2.69. National Bank Financial also issued estimates for BCE’s FY2018 earnings at $2.80 EPS.
Several other brokerages also recently weighed in on BCE. BidaskClub raised shares of BCE from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 26th. Morgan Stanley lowered their price target on shares of BCE from $62.00 to $60.00 and set an “equal weight” rating on the stock in a report on Wednesday, September 27th. Zacks Investment Research raised shares of BCE from a “hold” rating to a “buy” rating and set a $52.00 price target on the stock in a report on Wednesday, October 4th. Barclays PLC lifted their price objective on shares of BCE from $47.00 to $51.00 and gave the company an “overweight” rating in a research report on Friday, August 4th. Finally, Argus began coverage on shares of BCE in a research report on Tuesday, July 18th. They set a “hold” rating on the stock. One analyst has rated the stock with a sell rating, five have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $56.83.
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BCE (NYSE BCE) traded up 0.28% during mid-day trading on Thursday, reaching $46.47. 56,524 shares of the company were exchanged. The stock has a market capitalization of $41.84 billion, a price-to-earnings ratio of 17.43 and a beta of 0.35. The stock has a 50 day moving average of $47.24 and a 200-day moving average of $46.13. BCE has a one year low of $41.83 and a one year high of $48.27.
BCE (NYSE:BCE) (TSE:BCE) last posted its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.02). BCE had a net margin of 12.85% and a return on equity of 21.08%. The business had revenue of $5.70 billion during the quarter, compared to the consensus estimate of $5.65 billion. During the same period last year, the firm earned $0.94 EPS. The business’s revenue for the quarter was up 6.7% on a year-over-year basis.
The company also recently disclosed a quarterly dividend, which was paid on Sunday, October 15th. Shareholders of record on Friday, September 15th were paid a dividend of $0.575 per share. This represents a $2.30 annualized dividend and a yield of 4.96%. This is a positive change from BCE’s previous quarterly dividend of $0.53. The ex-dividend date was Thursday, September 14th. BCE’s payout ratio is presently 94.26%.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. SG Americas Securities LLC boosted its stake in shares of BCE by 0.7% during the first quarter. SG Americas Securities LLC now owns 2,951 shares of the utilities provider’s stock valued at $131,000 after purchasing an additional 20 shares during the period. Camarda Financial Advisors LLC lifted its stake in BCE by 0.5% in the second quarter. Camarda Financial Advisors LLC now owns 2,964 shares of the utilities provider’s stock worth $133,000 after acquiring an additional 16 shares during the period. AT Bancorp purchased a new stake in BCE in the second quarter worth about $149,000. FNY Partners Fund LP purchased a new stake in BCE in the first quarter worth about $168,000. Finally, Adell Harriman & Carpenter Inc. purchased a new stake in BCE in the second quarter worth about $203,000. 42.67% of the stock is owned by institutional investors.
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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