Brokers Offer Predictions for BCE Q4 Earnings

BCE Inc. (TSE:BCE) (NYSE:BCE) – Investment analysts at National Bank Financial issued their Q4 2024 earnings estimates for shares of BCE in a research report issued to clients and investors on Wednesday, December 18th. National Bank Financial analyst A. Shine expects that the company will post earnings of $0.73 per share for the quarter. National Bank Financial currently has a “Hold” rating on the stock. The consensus estimate for BCE’s current full-year earnings is $3.11 per share. National Bank Financial also issued estimates for BCE’s FY2025 earnings at $2.69 EPS.

Other equities analysts have also recently issued research reports about the company. JPMorgan Chase & Co. decreased their price objective on BCE from C$47.00 to C$41.00 in a research note on Friday, November 8th. Scotiabank decreased their price target on shares of BCE from C$45.00 to C$42.00 in a research note on Tuesday, November 26th. Canaccord Genuity Group lowered their price target on shares of BCE from C$41.00 to C$37.50 in a report on Friday, November 8th. Barclays reduced their price objective on shares of BCE from C$46.00 to C$41.00 in a report on Monday, November 11th. Finally, National Bankshares lowered their target price on shares of BCE from C$48.00 to C$42.00 in a research note on Tuesday, November 5th. Ten research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, BCE currently has a consensus rating of “Hold” and a consensus target price of C$43.38.

BCE Stock Performance

Shares of BCE stock opened at C$32.93 on Monday. The firm has a market capitalization of C$30.04 billion, a PE ratio of 15.32, a P/E/G ratio of 4.67 and a beta of 0.48. BCE has a fifty-two week low of C$32.44 and a fifty-two week high of C$56.18. The company has a quick ratio of 0.43, a current ratio of 0.65 and a debt-to-equity ratio of 197.43. The company has a 50 day simple moving average of C$39.65.

BCE Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Wednesday, January 15th will be issued a $0.9975 dividend. This represents a $3.99 annualized dividend and a dividend yield of 12.12%. The ex-dividend date of this dividend is Monday, December 16th. BCE’s dividend payout ratio (DPR) is presently 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.