Analysts Set Expectations for BCE Q4 Earnings

BCE Inc. (TSE:BCE) (NYSE:BCE) – National Bank Financial issued their Q4 2024 earnings estimates for BCE in a report issued on Wednesday, December 18th. National Bank Financial analyst A. Shine forecasts that the company will earn $0.73 per share for the quarter. National Bank Financial currently has a “Hold” rating on the stock. The consensus estimate for BCE’s current full-year earnings is $3.11 per share. National Bank Financial also issued estimates for BCE’s FY2025 earnings at $2.69 EPS.

Several other equities analysts also recently commented on BCE. TD Securities dropped their price target on shares of BCE from C$39.00 to C$37.00 and set a “hold” rating for the company in a research note on Tuesday, December 3rd. Barclays cut their price target on BCE from C$46.00 to C$41.00 in a report on Monday, November 11th. JPMorgan Chase & Co. decreased their price objective on BCE from C$47.00 to C$41.00 in a research note on Friday, November 8th. Scotiabank lowered their price objective on BCE from C$45.00 to C$42.00 in a research report on Tuesday, November 26th. Finally, National Bankshares reduced their target price on shares of BCE from C$48.00 to C$42.00 in a report on Tuesday, November 5th. Ten equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of C$43.38.

BCE Stock Down 1.4 %

Shares of BCE opened at C$32.83 on Monday. The stock has a market cap of C$29.95 billion, a P/E ratio of 15.27, a P/E/G ratio of 4.67 and a beta of 0.48. BCE has a fifty-two week low of C$32.44 and a fifty-two week high of C$56.18. The company has a debt-to-equity ratio of 197.43, a quick ratio of 0.43 and a current ratio of 0.65. The business’s 50 day simple moving average is C$39.90.

BCE Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Wednesday, January 15th will be given a $0.9975 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $3.99 dividend on an annualized basis and a yield of 12.15%. BCE’s dividend payout ratio (DPR) is presently 185.58%.

BCE Company Profile

BCE Inc, a communications company, provides wireless, wireline, Internet, and television (TV) services to residential, business, and wholesale customers in Canada. The company operates through two segments, Bell Communication and Technology Services, and Bell Media. The Bell Communication and Technology Services segment provides wireless products and services including mobile data and voice plans and devices; wireline products and services comprising data, including internet access, internet protocol television, cloud-based services, and business solutions, as well as voice, and other communication services and products; and satellite TV and connectivity services for residential, small and medium-sized business, government, and large enterprise customers.