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Wall Street analysts expect BCE Inc. (NYSE: BCE) (TSE: BCE) to report earnings of $ 0.65 per share for the current fiscal quarter, according to Zack. Two analysts provided earnings estimates for BCE, with the higher EPS estimate being $ 0.67 and the lower estimate being $ 0.63. BCE posted earnings of $ 0.59 per share in the same quarter last year, suggesting a positive growth rate of 10.2% year over year. The company is expected to release its next quarterly earnings report on Thursday, November 4.
According to Zacks, analysts predict that BCE will report annual earnings of $ 2.54 per share for the current fiscal year, with EPS estimates ranging from $ 2.52 to $ 2.57. For the next fiscal year, analysts expect the company to post earnings of $ 2.68 per share, with EPS estimates ranging from $ 2.58 to $ 2.80. Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts who cover BCE.
BCE (NYSE: BCE) (TSE: BCE) last released its quarterly earnings data on Thursday, August 5. The utility provider reported earnings per share of $ 0.68 for the quarter, beating the Zacks’ consensus estimate by $ 0.63 by $ 0.05. BCE recorded a return on equity of 16.79% and a net margin of 12.88%. The company posted revenue of $ 4.64 billion for the quarter, compared to $ 4.68 billion according to analysts’ estimates.
Several equity research analysts weighed on ECB stocks. BMO Capital Markets raised its price target on BCE from C $ 61.50 to C $ 63.50 and rated the stock “outperform” in a report released on Friday August 6. Canaccord Genuity upgraded BCE from a “hold†rating to a “buy†rating and increased its target price for the company from $ 62.00 to $ 66.00 in a research report on Thursday, August 5. Scotiabank raised its target price on BCE from C $ 63.00 to C $ 66.00 and gave the company an “outperformance” rating in a research report on Friday August 6. TD Securities raised its target price on BCE from C $ 67.00 to C $ 70.00 and gave the company a “buy” rating in a research report on Monday, August 23. Finally, the Royal Bank of Canada raised its target price on BCE from $ 61.00 to $ 63.00 and assigned the company a “sector performance†rating in a research report published on Friday August 6. An equity research analyst rated the stock with a sell rating, four assigned a conservation rating, and five assigned a buy rating to the stock. According to MarketBeat.com, BCE currently has a consensus rating of “Hold†and a consensus target price of $ 60.45.
Investors must see this potential of $ 245 billion to address it.
Shares of BCE traded up $ 0.49 on Thursday, reaching $ 50.06. The stock had a trading volume of 1,755,132 shares, compared to its average volume of 1,276,303. The company has a leverage ratio of 1.35, a current ratio of 0.83 and a rapid ratio of 0.78. The company has a market cap of $ 45.41 billion, a P / E ratio of 20.02, a P / E / G ratio of 4.13 and a beta of 0.45. BCE has a one-year minimum of $ 39.91 and a one-year maximum of $ 53.00. The company’s 50-day mobile average price is $ 50.95 and its 200-day mobile average price is $ 49.14.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 15. Shareholders of record on Wednesday, September 15 will receive a dividend of $ 0.7011 per share. The ex-dividend date is Tuesday, September 14. This represents a dividend of $ 2.80 on an annualized basis and a return of 5.60%. BCE’s payout ratio is 123.11%.
Institutional investors recently bought and sold shares in the company. Stonehage Fleming Financial Services Holdings Ltd acquired a new equity interest in BCE shares in the second quarter valued at approximately $ 25,000. O Shaughnessy Asset Management LLC increased its holdings of BCE shares by 1,142.9% in the second quarter. O Shaughnessy Asset Management LLC now owns 609 shares of the utility provider valued at $ 30,000 after purchasing an additional 560 shares during the period. RMR Wealth Builders acquired a new equity interest in BCE during the first quarter valued at approximately $ 31,000. Capital Analysts LLC increased its equity stake in BCE by 1,035.1% in the second quarter. Capital Analysts LLC now owns 647 shares of the utility provider valued at $ 32,000 after purchasing an additional 590 shares during the period. Finally, MV Capital Management Inc. acquired a new equity interest in BCE in the second quarter valued at approximately $ 35,000. 43.11% of the capital is held by institutional investors.
BCE Company Profile
BCE, Inc is a telecommunications and media company, providing communications services to residential, commercial and wholesale customers. It operates in the following segments: Bell Wireless, Bell Wireline and Bell Media. The Bell Wireless segment covers integrated digital wireless voice and data communications products and services to residential and business customers.
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