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 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%.
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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