BCE Inc. (TSE:BCE) (NYSE:BCE) – Research analysts at Cormark increased their FY2018 earnings per share estimates for shares of BCE in a research report issued to clients and investors on Friday. Cormark analyst D. Mcfadgen now expects that the company will post earnings of $3.42 per share for the year, up from their previous forecast of $3.40.
BCE has been the topic of a number of other research reports. JPMorgan Chase & Co. raised their price objective on BCE from C$65.00 to C$68.00 in a research note on Monday, November 6th. Barclays raised their price objective on BCE from C$64.00 to C$65.00 in a research note on Friday, November 3rd. Citigroup raised their price objective on BCE from C$65.00 to C$66.00 in a research note on Friday, November 3rd. National Bank Financial decreased their price target on BCE from C$64.00 to C$63.00 and set an “outperform” rating on the stock in a research note on Thursday, February 1st. Finally, Desjardins lifted their price target on BCE from C$65.00 to C$66.00 in a research note on Friday, November 3rd. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of C$62.25.
BCE (TSE:BCE) (NYSE:BCE) last posted its quarterly earnings data on Thursday, February 8th. The company reported C$0.76 EPS for the quarter, topping the Zacks’ consensus estimate of C$0.74 by C$0.02. BCE had a return on equity of 20.55% and a net margin of 14.39%. The firm had revenue of C$5.96 billion for the quarter, compared to analyst estimates of C$5.95 billion. During the same quarter last year, the company earned $0.62 EPS.
The firm also recently declared a quarterly dividend, which will be paid on Sunday, April 15th. Stockholders of record on Thursday, March 15th will be paid a $0.755 dividend. This is a positive change from BCE’s previous quarterly dividend of $0.72. The ex-dividend date is Wednesday, March 14th. This represents a $3.02 annualized dividend and a dividend yield of 5.41%. BCE’s dividend payout ratio (DPR) is presently 87.77%.
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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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