National Bank Financial Comments on BCE Inc.’s Q3 2024 Earnings (TSE:BCE)

BCE Inc. (TSE:BCE) (NYSE:BCE) – Stock analysts at National Bank Financial issued their Q3 2024 earnings per share (EPS) estimates for BCE in a research report issued on Monday, September 30th. National Bank Financial analyst A. Shine anticipates that the company will post earnings per share of $0.75 for the quarter. National Bank Financial has a “Hold” rating on the stock. The consensus estimate for BCE’s current full-year earnings is $3.06 per share. National Bank Financial also issued estimates for BCE’s FY2025 earnings at $3.02 EPS.

BCE has been the subject of a number of other research reports. National Bankshares cut BCE from an “outperform” rating to a “sector perform” rating and dropped their price target for the company from C$52.00 to C$48.00 in a research report on Tuesday. BMO Capital Markets raised their price target on BCE from C$48.00 to C$51.00 in a research report on Thursday, September 19th. Desjardins raised their price target on BCE from C$48.00 to C$51.00 and gave the company a “hold” rating in a research report on Friday, August 2nd. TD Securities dropped their price objective on BCE from C$51.00 to C$50.00 and set a “hold” rating for the company in a research report on Wednesday. Finally, JPMorgan Chase & Co. lifted their price objective on BCE from C$46.00 to C$47.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Nine equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of C$51.00.

BCE Trading Down 0.3 %

Shares of BCE stock opened at C$45.76 on Thursday. BCE has a fifty-two week low of C$42.58 and a fifty-two week high of C$56.18. The stock has a market cap of C$41.75 billion, a P/E ratio of 21.28, a P/E/G ratio of 1.90 and a beta of 0.48. The business has a fifty day simple moving average of C$47.23 and a 200-day simple moving average of C$46.06. The company has a quick ratio of 0.43, a current ratio of 0.65 and a debt-to-equity ratio of 197.43.

BCE (TSE:BCE) (NYSE:BCE) last announced its quarterly earnings results on Thursday, August 1st. The company reported C$0.78 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.80 by C($0.02). BCE had a net margin of 8.75% and a return on equity of 10.63%. The firm had revenue of C$6.01 billion during the quarter, compared to analysts’ expectations of C$6.07 billion.

BCE Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Tuesday, October 15th will be given a dividend of $0.998 per share. This represents a $3.99 annualized dividend and a yield of 8.72%. The ex-dividend date is Monday, September 16th. BCE’s dividend payout ratio (DPR) is 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.