Research Analysts Set Expectations for BCE Inc.’s Q1 2024 Earnings (TSE:BCE)

BCE Inc. (TSE:BCE) (NYSE:BCE) – Research analysts at Cormark issued their Q1 2024 EPS estimates for BCE in a research report issued on Thursday, April 18th. Cormark analyst D. Mcfadgen forecasts that the company will post earnings per share of $0.70 for the quarter. The consensus estimate for BCE’s current full-year earnings is $3.04 per share.

BCE (TSE:BCE) (NYSE:BCE) last issued its quarterly earnings results on Thursday, February 8th. The company reported C$0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.73 by C$0.03. BCE had a net margin of 9.17% and a return on equity of 10.81%. The firm had revenue of C$6.47 billion for the quarter, compared to analyst estimates of C$6.48 billion.

BCE has been the topic of several other reports. Barclays lowered their price objective on shares of BCE from C$52.00 to C$48.00 in a research note on Tuesday, April 9th. Scotiabank lowered their price objective on shares of BCE from C$55.50 to C$53.25 and set a “sector perform” rating on the stock in a research note on Wednesday. BMO Capital Markets downgraded shares of BCE from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from C$54.00 to C$46.00 in a report on Tuesday, April 2nd. Desjardins reduced their target price on shares of BCE from C$58.00 to C$55.00 and set a “hold” rating for the company in a report on Friday, February 9th. Finally, JPMorgan Chase & Co. reduced their target price on shares of BCE from C$54.00 to C$47.00 in a report on Wednesday, April 3rd. Eight analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of C$52.48.

BCE Stock Down 0.2 %

Shares of BCE stock opened at C$44.34 on Friday. The firm has a market capitalization of C$40.45 billion, a P/E ratio of 19.45, a PEG ratio of 1.90 and a beta of 0.44. The firm’s fifty day moving average price is C$47.64 and its two-hundred day moving average price is C$51.29. BCE has a 1 year low of C$43.96 and a 1 year high of C$65.66. The company has a current ratio of 0.65, a quick ratio of 0.43 and a debt-to-equity ratio of 175.98.

BCE Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Monday, April 15th were paid a dividend of $0.998 per share. The ex-dividend date was Thursday, March 14th. This is a positive change from BCE’s previous quarterly dividend of $0.97. This represents a $3.99 annualized dividend and a yield of 9.00%. BCE’s dividend payout ratio is currently 175.00%.

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.