BCE Inc. (TSE:BCE) (NYSE:BCE) – Equities research analysts at Cormark lifted their FY2018 earnings per share (EPS) estimates for BCE in a note issued to investors on Friday. Cormark analyst D. Mcfadgen now forecasts that the company will post earnings per share of $3.42 for the year, up from their previous forecast of $3.40.
BCE (TSE:BCE) (NYSE:BCE) last released its quarterly earnings data on Thursday, February 8th. The company reported C$0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 return on equity of 20.55% and a net margin of 14.39%. During the same period in the previous year, the business posted $0.62 earnings per share.
Several other analysts have also commented on BCE. Citigroup boosted their price target on BCE from C$65.00 to C$66.00 in a research note on Friday, November 3rd. Royal Bank of Canada boosted their price target on 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. National Bank Financial boosted their price target on BCE from C$61.00 to C$64.00 and gave the company an “outperform” rating in a research note on Friday, November 3rd. Barclays boosted their price target on BCE from C$64.00 to C$65.00 in a research note on Friday, November 3rd. Finally, Desjardins boosted their price target on BCE from C$65.00 to C$66.00 in a research note on Friday, November 3rd. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of C$61.75.
Shares of BCE (TSE BCE) traded down C$0.13 during mid-day trading on Monday, reaching C$55.90. The company had a trading volume of 690,245 shares, compared to its average volume of 1,790,639. The firm has a market cap of $50,480.00, a price-to-earnings ratio of 17.28 and a beta of -0.08. BCE has a twelve month low of C$54.44 and a twelve month high of C$63.00.
The business also recently declared a quarterly dividend, which will be paid on Sunday, April 15th. Investors 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 is Wednesday, March 14th. This represents a $3.02 annualized dividend and a yield of 5.40%. BCE’s payout ratio is currently 87.77%.
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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.
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