Analysts Anticipate BCE Inc. (BCE) Will Post Earnings of $0.71 Per Share

Equities analysts forecast that BCE Inc. (NYSE:BCE) (TSE:BCE) will post $0.71 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for BCE’s earnings. The lowest EPS estimate is $0.69 and the highest is $0.73. BCE reported earnings of $0.70 per share in the same quarter last year, which suggests a positive year over year growth rate of 1.4%. The company is expected to issue its next quarterly earnings results before the market opens on Thursday, November 1st.

On average, analysts expect that BCE will report full-year earnings of $2.68 per share for the current year, with EPS estimates ranging from $2.65 to $2.70. For the next fiscal year, analysts expect that the business will report earnings of $2.81 per share, with EPS estimates ranging from $2.74 to $2.90. Zacks’ EPS calculations are a mean average based on a survey of research firms that follow BCE.

BCE (NYSE:BCE) (TSE:BCE) last released its earnings results on Thursday, August 2nd. The utilities provider reported $0.86 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.19. BCE had a return on equity of 18.67% and a net margin of 12.00%. The company had revenue of $5.79 billion for the quarter, compared to analysts’ expectations of $5.81 billion. During the same quarter in the previous year, the business posted $0.89 EPS. The business’s revenue for the quarter was up 1.7% on a year-over-year basis.

Several equities analysts have weighed in on BCE shares. Desjardins raised BCE from a “hold” rating to a “buy” rating in a research note on Thursday, October 18th. Zacks Investment Research raised BCE from a “hold” rating to a “buy” rating and set a $44.00 target price on the stock in a research note on Monday, October 15th. Scotiabank raised BCE from a “sector perform” rating to a “buy” rating in a research note on Wednesday, October 10th. Edward Jones raised BCE from a “hold” rating to a “buy” rating in a research note on Monday, August 13th. Finally, ValuEngine raised BCE from a “sell” rating to a “hold” rating in a research note on Wednesday, October 24th. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. BCE currently has an average rating of “Buy” and a consensus target price of $54.40.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Toronto Dominion Bank grew its stake in shares of BCE by 35.6% in the 2nd quarter. Toronto Dominion Bank now owns 9,753,645 shares of the utilities provider’s stock valued at $400,193,000 after buying an additional 2,559,555 shares in the last quarter. Bank of Nova Scotia grew its stake in shares of BCE by 7.5% during the second quarter. Bank of Nova Scotia now owns 7,634,042 shares of the utilities provider’s stock valued at $308,683,000 after buying an additional 531,998 shares during the last quarter. Charles Schwab Investment Advisory Inc. bought a new position in shares of BCE during the second quarter valued at about $273,156,000. Letko Brosseau & Associates Inc. grew its stake in shares of BCE by 1.6% during the second quarter. Letko Brosseau & Associates Inc. now owns 6,584,749 shares of the utilities provider’s stock valued at $266,504,000 after buying an additional 104,371 shares during the last quarter. Finally, Renaissance Technologies LLC grew its stake in shares of BCE by 22.6% during the second quarter. Renaissance Technologies LLC now owns 4,392,771 shares of the utilities provider’s stock valued at $177,867,000 after buying an additional 811,000 shares during the last quarter. 42.88% of the stock is owned by institutional investors and hedge funds.

NYSE:BCE opened at $39.07 on Tuesday. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.46 and a current ratio of 0.50. BCE has a fifty-two week low of $38.88 and a fifty-two week high of $49.06. The stock has a market cap of $35.40 billion, a price-to-earnings ratio of 14.91, a price-to-earnings-growth ratio of 4.21 and a beta of 0.29.

The company also recently declared a quarterly dividend, which was paid on Monday, October 15th. Investors of record on Friday, September 14th were paid a $0.58 dividend. This is a boost from BCE’s previous quarterly dividend of $0.56. The ex-dividend date was Thursday, September 13th. This represents a $2.32 annualized dividend and a dividend yield of 5.94%. BCE’s payout ratio is presently 88.55%.

About BCE

BCE Inc, a telecommunications and media company, provides wireless, wireline, Internet, and television (TV) services to residential, business, and wholesale customers in Canada. The company operates through three segments: Bell Wireless, Bell Wireline, and Bell Media. The Bell Wireless segment offers integrated digital wireless voice and data communications products and services.

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