Desjardins Weighs in on BCE Inc.’s Q1 2018 Earnings (BCE)

BCE Inc. (TSE:BCE) (NYSE:BCE) – Stock analysts at Desjardins issued their Q1 2018 EPS estimates for BCE in a note issued to investors on Thursday. Desjardins analyst M. Yaghi forecasts that the company will post earnings per share of $0.88 for the quarter. Desjardins has a “Hold” rating on the stock. Desjardins also issued estimates for BCE’s Q2 2018 earnings at $0.93 EPS, Q3 2018 earnings at $0.90 EPS, Q4 2018 earnings at $0.75 EPS and FY2019 earnings at $3.62 EPS.

A number of other equities analysts have also commented on BCE. Citigroup lowered their price objective on BCE from C$66.00 to C$64.00 in a research note on Friday. TD Securities lowered their price objective on BCE from C$59.00 to C$58.00 in a research note on Friday. Scotiabank lowered their price objective on BCE from C$61.00 to C$59.00 and set a “sector perform” rating on the stock in a research note on Friday, February 2nd. Canaccord Genuity lowered their price objective on BCE from C$61.00 to C$59.00 in a research note on Friday. Finally, BMO Capital Markets restated an “outperform” rating and set a C$61.00 price objective on shares of BCE in a research note on Friday. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of C$62.25.

BCE (BCE) opened at C$55.82 on Monday. BCE has a 52 week low of C$54.44 and a 52 week high of C$63.00. The company has a market capitalization of $50,290.00, a price-to-earnings ratio of 17.28 and a beta of -0.08.

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 of this dividend 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 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.

Earnings History and Estimates for BCE (TSE:BCE)

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