FY2018 EPS Estimates for BCE Inc. (BCE) Decreased by Analyst

BCE Inc. (TSE:BCE) (NYSE:BCE) – Research analysts at National Bank Financial decreased their FY2018 earnings per share (EPS) estimates for BCE in a research report issued on Thursday. National Bank Financial analyst A. Shine now anticipates that the company will earn $3.51 per share for the year, down from their prior forecast of $3.52. National Bank Financial has a “Outperform” rating and a $63.00 price target on the stock. National Bank Financial also issued estimates for BCE’s FY2019 earnings at $3.61 EPS.

Several other brokerages have also recently weighed in on BCE. Scotiabank lifted their price target on shares of BCE from C$60.00 to C$61.00 and gave the stock a “sector perform” rating in a research note on Friday, November 3rd. Desjardins lifted their price target on shares of BCE from C$65.00 to C$66.00 in a research note on Friday, November 3rd. Barclays lifted their price target on shares of BCE from C$64.00 to C$65.00 in a research note on Friday, November 3rd. Royal Bank of Canada lifted their target price on shares of BCE from C$61.00 to C$62.00 and gave the company a “sector perform” rating in a research note on Friday, November 3rd. Finally, Citigroup lifted their target price on shares of 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 issued a buy rating to the company. BCE presently has a consensus rating of “Buy” and an average target price of C$62.25.

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

BCE (TSE:BCE) (NYSE:BCE) last issued its quarterly earnings results on Thursday, February 8th. The company reported C$0.76 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.74 by C$0.02. The business had revenue of C$5.96 billion for the quarter, compared to analysts’ expectations of C$5.95 billion. BCE had a net margin of 14.39% and a return on equity of 20.55%. During the same quarter last year, the company posted $0.62 EPS.

The company also recently announced a quarterly dividend, which will be paid on Sunday, April 15th. Investors of record on Thursday, March 15th will be paid a dividend of $0.755 per share. This is a boost 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 dividend on an annualized basis and a dividend yield of 5.41%. BCE’s payout ratio is 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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