What is Cormark’s Estimate for BCE Q4 Earnings?

BCE Inc. (TSE:BCE) (NYSE:BCE) – Equities research analysts at Cormark issued their Q4 2024 earnings per share (EPS) estimates for BCE in a research note issued to investors on Tuesday, February 4th. Cormark analyst D. Mcfadgen anticipates that the company will post earnings of $0.67 per share for the quarter. The consensus estimate for BCE’s current full-year earnings is $3.11 per share. Cormark also issued estimates for BCE’s FY2025 earnings at $2.91 EPS.

Several other research firms have also weighed in on BCE. Scotiabank reduced their price objective on BCE from C$45.00 to C$42.00 in a research note on Tuesday, November 26th. TD Securities dropped their price target on BCE from C$32.00 to C$31.00 and set a “hold” rating on the stock in a research note on Thursday, January 30th. Barclays lowered shares of BCE from an “equal weight” rating to an “underperform” rating and reduced their price objective for the company from C$41.00 to C$30.00 in a research note on Thursday, January 30th. JPMorgan Chase & Co. cut their price target on shares of BCE from C$41.00 to C$35.00 and set a “neutral” rating on the stock in a report on Thursday, January 2nd. Finally, National Bankshares decreased their price objective on shares of BCE from C$37.00 to C$35.00 and set a “sector perform” rating for the company in a research note on Friday, January 3rd. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of C$40.88.

BCE Trading Down 6.1 %

Shares of TSE:BCE opened at C$33.70 on Wednesday. The stock has a market capitalization of C$30.74 billion, a price-to-earnings ratio of 15.67, a PEG ratio of 4.67 and a beta of 0.48. BCE has a 1-year low of C$31.43 and a 1-year high of C$53.51. The company has a 50 day moving average price of C$34.61 and a 200 day moving average price of C$41.39. The company has a debt-to-equity ratio of 197.43, a quick ratio of 0.43 and a current ratio of 0.65.

BCE (TSE:BCE) (NYSE:BCE) last announced its quarterly earnings data on Thursday, November 7th. The company reported C$0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.77 by C($0.02). BCE had a return on equity of 10.63% and a net margin of 8.75%. During the same quarter last year, the firm posted $0.81 earnings per share.

BCE Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Wednesday, January 15th were paid a dividend of $0.9975 per share. This represents a $3.99 dividend on an annualized basis and a dividend yield of 11.84%. The ex-dividend date of this dividend was Monday, December 16th. 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.