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

BCE Inc. (TSE:BCEFree Report) (NYSE:BCE) – Investment analysts at National Bank Financial issued their Q3 2024 earnings per share estimates for shares of BCE in a research note issued on Monday, September 30th. National Bank Financial analyst A. Shine anticipates that the company will post earnings of $0.75 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 $3.06 per share. National Bank Financial also issued estimates for BCE’s FY2025 earnings at $3.02 EPS.

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

Several other research analysts have also commented on BCE. TD Securities cut their price objective on BCE from C$51.00 to C$50.00 and set a “hold” rating on the stock in a research report on Wednesday. JPMorgan Chase & Co. raised their target price on BCE from C$46.00 to C$47.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. BMO Capital Markets upped their price target on BCE from C$48.00 to C$51.00 in a report on Thursday, September 19th. Desjardins increased their price objective on shares of BCE from C$48.00 to C$51.00 and gave the company a “hold” rating in a research report on Friday, August 2nd. Finally, Cormark reduced their target price on shares of BCE from C$53.00 to C$52.00 in a research report on Friday, August 2nd. Nine investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of C$51.00.

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BCE Stock Performance

TSE:BCE opened at C$45.76 on Thursday. The firm’s fifty day simple moving average is C$47.23 and its 200 day simple moving average is C$46.06. The company has a current ratio of 0.65, a quick ratio of 0.43 and a debt-to-equity ratio of 197.43. BCE has a twelve month low of C$42.58 and a twelve month high of C$56.18. The firm has a market capitalization of C$41.75 billion, a price-to-earnings ratio of 21.28, a PEG ratio of 1.90 and a beta of 0.48.

BCE Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Tuesday, October 15th will be issued a $0.998 dividend. This represents a $3.99 dividend on an annualized basis and a yield of 8.72%. The ex-dividend date is Monday, September 16th. BCE’s dividend payout ratio is currently 185.58%.

About BCE

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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.

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Earnings History and Estimates for BCE (TSE:BCE)

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