Brokers Issue Forecasts for BCE’s FY2025 Earnings (NYSE:BCE)

BCE, Inc. (NYSE:BCE) (TSE:BCE) – Cormark cut their FY2025 EPS estimates for shares of BCE in a research report issued on Wednesday, November 12th. Cormark analyst D. Mcfadgen now forecasts that the utilities provider will post earnings of $1.99 per share for the year, down from their previous estimate of $2.09. The consensus estimate for BCE’s current full-year earnings is $1.94 per share. Cormark also issued estimates for BCE’s FY2026 earnings at $2.19 EPS.

A number of other research analysts have also recently commented on the stock. Wall Street Zen raised shares of BCE from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. TD Securities upgraded shares of BCE from a “hold” rating to a “buy” rating in a research report on Wednesday, October 15th. CIBC restated a “neutral” rating on shares of BCE in a research report on Friday, August 22nd. Barclays cut their price objective on BCE from $22.00 to $21.00 and set an “underweight” rating on the stock in a report on Monday. Finally, Royal Bank Of Canada upgraded BCE from a “sector perform” rating to an “outperform” rating and increased their target price for the company from $35.00 to $37.00 in a report on Wednesday, October 15th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, two have given a Hold rating and five have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $29.00.

BCE Price Performance

Shares of BCE traded up $0.14 during trading hours on Thursday, reaching $22.91. 885,786 shares of the company traded hands, compared to its average volume of 3,247,065. The stock has a fifty day simple moving average of $23.50 and a 200 day simple moving average of $23.22. The company has a quick ratio of 0.57, a current ratio of 0.61 and a debt-to-equity ratio of 2.17. The stock has a market capitalization of $21.36 billion, a PE ratio of 79.06, a price-to-earnings-growth ratio of 4.00 and a beta of 0.62. BCE has a fifty-two week low of $20.28 and a fifty-two week high of $27.50.

BCE (NYSE:BCE) (TSE:BCE) last posted its quarterly earnings data on Thursday, November 6th. The utilities provider reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.05. The company had revenue of $4.34 billion for the quarter, compared to analyst estimates of $6.14 billion. BCE had a net margin of 1.96% and a return on equity of 18.89%. BCE’s quarterly revenue was up 1.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.75 earnings per share. BCE has set its FY 2025 guidance at 1.910-1.980 EPS.

Institutional Investors Weigh In On BCE

Institutional investors and hedge funds have recently bought and sold shares of the company. Hilltop National Bank bought a new stake in shares of BCE during the 2nd quarter worth $28,000. JCIC Asset Management Inc. bought a new position in shares of BCE during the third quarter valued at $31,000. Cullen Frost Bankers Inc. increased its holdings in shares of BCE by 2,459.6% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 1,459 shares of the utilities provider’s stock worth $32,000 after purchasing an additional 1,402 shares in the last quarter. SVB Wealth LLC purchased a new stake in BCE during the first quarter valued at $35,000. Finally, Trust Co. of Toledo NA OH purchased a new position in BCE during the second quarter valued at $40,000. Institutional investors own 41.46% of the company’s stock.

BCE Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Monday, December 15th will be paid a dividend of $0.4375 per share. The ex-dividend date is Monday, December 15th. This represents a $1.75 annualized dividend and a dividend yield of 7.6%. BCE’s payout ratio is currently 25.78%.

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.