Analysts Offer Predictions for BCE’s Q4 Earnings (TSE:BCE)

BCE Inc. (TSE:BCE) (NYSE:BCE) – Research analysts at National Bank Financial issued their Q4 2024 earnings per share estimates for shares of BCE in a research note issued to investors on Wednesday, December 18th. National Bank Financial analyst A. Shine forecasts 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.

BCE has been the subject of a number of other research reports. Canaccord Genuity Group decreased their price objective on BCE from C$41.00 to C$37.50 in a report on Friday, November 8th. National Bankshares dropped their price objective on shares of BCE from C$48.00 to C$42.00 in a research note on Tuesday, November 5th. JPMorgan Chase & Co. decreased their target price on shares of BCE from C$47.00 to C$41.00 in a research note on Friday, November 8th. Royal Bank of Canada cut their price target on BCE from C$45.00 to C$41.00 and set a “sector perform” rating on the stock in a research note on Wednesday, December 18th. Finally, TD Securities lowered their price objective on BCE from C$39.00 to C$37.00 and set a “hold” rating for the company in a research note on Tuesday, December 3rd. Ten analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, BCE presently 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$33.28 on Monday. The stock has a fifty day moving average of C$39.90 and a 200 day moving average of C$44.02. The firm has a market capitalization of C$30.36 billion, a price-to-earnings ratio of 15.48, a PEG ratio of 4.67 and a beta of 0.48. 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 has a 52 week low of C$32.95 and a 52 week high of C$56.18.

BCE Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Wednesday, January 15th will be paid a $0.9975 dividend. The ex-dividend date is Monday, December 16th. This represents a $3.99 annualized dividend and a yield of 11.99%. BCE’s payout ratio is 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.