FY2027 Earnings Forecast for BCE Issued By Scotiabank

BCE Inc. (TSE:BCE) (NYSE:BCE) – Equities research analysts at Scotiabank lowered their FY2027 earnings estimates for shares of BCE in a report issued on Thursday, October 22nd. Scotiabank analyst M. Yaghi now anticipates that the company will post earnings per share of $2.61 for the year, down from their prior estimate of $2.66. Scotiabank currently has a “Sector Outperform” rating and a $36.50 price target on the stock. The consensus estimate for BCE’s current full-year earnings is $3.11 per share.

BCE (TSE:BCE) (NYSE:BCE) last announced its earnings results on Thursday, August 6th. The company reported C$0.65 earnings per share (EPS) for the quarter. The company had revenue of C$6.18 billion for the quarter. BCE had a return on equity of 27.73% and a net margin of 25.89%.

A number of other brokerages have also recently weighed in on BCE. TD Securities raised BCE from a “hold” rating to a “buy” rating in a research note on Wednesday, July 1st. Royal Bank Of Canada decreased their target price on BCE from C$39.00 to C$36.00 and set an “outperform” rating on the stock in a research note on Friday, July 10th. Raymond James Financial set a C$37.00 target price on BCE and gave the company a “market perform” rating in a report on Thursday, July 16th. TD raised their target price on BCE from C$37.00 to C$40.00 and gave the company a “buy” rating in a report on Tuesday, September 15th. Finally, National Bank Financial dropped their target price on BCE from C$38.00 to C$36.00 and set an “outperform” rating for the company in a research report on Thursday, October 1st. Ten analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, BCE currently has an average rating of “Moderate Buy” and a consensus price target of C$37.12.

BCE Stock Down 0.7%

TSE:BCE opened at C$28.43 on Monday. The company has a quick ratio of 0.43, a current ratio of 0.73 and a debt-to-equity ratio of 175.06. The stock’s fifty day moving average is C$30.52 and its two-hundred day moving average is C$32.64. BCE has a 52 week low of C$26.66 and a 52 week high of C$36.25. The stock has a market capitalization of C$26.51 billion, a price-to-earnings ratio of 4.22, a price-to-earnings-growth ratio of 4.67 and a beta of 0.37.

Insider Buying and Selling

In other news, Director Louis Vachon purchased 10,000 shares of the stock in a transaction on Friday, September 18th. The stock was bought at an average price of C$30.63 per share, for a total transaction of C$306,300.00. Following the acquisition, the director directly owned 100,000 shares of the company’s stock, valued at approximately C$3,063,000. The trade was a 11.11% increase in their position. 0.02% of the stock is owned by company insiders.

BCE Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Thursday, October 15th were paid a $0.4375 dividend. The ex-dividend date was Tuesday, September 15th. This represents a $1.75 dividend on an annualized basis and a yield of 6.2%. BCE’s payout ratio is currently 25.96%.

About BCE

Bell Media is Canada’s leading media and entertainment company with a portfolio of assets in premium video, audio, out-of-home advertising, and digital media. This includes Canada’s most-watched television network, CTV; the largest Canadian-owned video streamer, Crave, with a premium add-on to include STARZ; a powerful suite of specialty channels; the most-trusted news brand, CTV News; Canada’s cross-platform sports leaders, TSN and RDS; leading out-of-home advertising network, Astral; Québec’s fast-growing conventional French-language network, Noovo; the country’s leading radio and podcast app, iHeartRadio Canada; and a range of award-winning original productions, brands, and services.