Zacks Research Has Bullish Forecast for BCE Q4 Earnings

BCE Inc. (TSE:BCE) (NYSE:BCE) – Zacks Research upped their Q4 2024 EPS estimates for BCE in a report released on Wednesday, November 27th. Zacks Research analyst R. Department now forecasts that the company will earn $0.74 per share for the quarter, up from their prior forecast of $0.72. The consensus estimate for BCE’s current full-year earnings is $3.11 per share. Zacks Research also issued estimates for BCE’s Q1 2025 earnings at $0.68 EPS, Q4 2025 earnings at $0.71 EPS, FY2025 earnings at $2.90 EPS, Q2 2026 earnings at $0.73 EPS, Q3 2026 earnings at $0.77 EPS and FY2026 earnings at $2.95 EPS.

Several other analysts have also recently issued reports on the company. TD Securities cut their target price on BCE from C$39.00 to C$37.00 and set a “hold” rating for the company in a research report on Tuesday. BMO Capital Markets lifted their price objective on shares of BCE from C$48.00 to C$51.00 in a research report on Thursday, September 19th. Canaccord Genuity Group dropped their target price on shares of BCE from C$41.00 to C$37.50 in a research report on Friday, November 8th. National Bankshares reduced their price target on shares of BCE from C$48.00 to C$42.00 in a report on Tuesday, November 5th. Finally, National Bank Financial lowered BCE from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 30th. Nine analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of C$44.68.

BCE Trading Up 1.1 %

Shares of BCE stock opened at C$38.44 on Monday. BCE has a fifty-two week low of C$36.95 and a fifty-two week high of C$56.18. The company has a debt-to-equity ratio of 197.43, a quick ratio of 0.43 and a current ratio of 0.65. The company has a market capitalization of C$35.07 billion, a P/E ratio of 17.88, a P/E/G ratio of 4.67 and a beta of 0.48. The company has a fifty day moving average of C$42.69 and a 200 day moving average of C$44.98.

BCE Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Monday, December 16th will be paid a $0.9975 dividend. This represents a $3.99 annualized dividend and a yield of 10.38%. The ex-dividend date is Monday, December 16th. BCE’s payout ratio is currently 185.58%.

About BCE

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.