What is Cormark’s Estimate for BCE Q4 Earnings?

BCE Inc. (TSE:BCE) (NYSE:BCE) – Analysts at Cormark issued their Q4 2024 earnings estimates for BCE in a report issued on Tuesday, February 4th. Cormark analyst D. Mcfadgen expects that the company will post earnings of $0.67 per share for the quarter. The consensus estimate for BCE’s current full-year earnings is $3.11 per share. Cormark also issued estimates for BCE’s FY2025 earnings at $2.91 EPS.

BCE (TSE:BCE) (NYSE:BCE) last announced its earnings results on Thursday, November 7th. The company reported C$0.75 EPS for the quarter, missing the consensus estimate of C$0.77 by C($0.02). BCE had a net margin of 8.75% and a return on equity of 10.63%. During the same period in the prior year, the business posted $0.81 EPS.

Several other research firms have also weighed in on BCE. TD Securities lowered their price objective on shares of BCE from C$32.00 to C$31.00 and set a “hold” rating for the company in a research note on Thursday, January 30th. Barclays downgraded shares of BCE from an “equal weight” rating to an “underperform” rating and decreased their price target for the company from C$41.00 to C$30.00 in a research note on Thursday, January 30th. Scotiabank cut their price objective on shares of BCE from C$45.00 to C$42.00 in a research report on Tuesday, November 26th. JPMorgan Chase & Co. decreased their target price on BCE from C$41.00 to C$35.00 and set a “neutral” rating for the company in a research report on Thursday, January 2nd. Finally, Canaccord Genuity Group cut their price target on BCE from C$41.00 to C$37.50 in a report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, BCE presently has a consensus rating of “Hold” and a consensus target price of C$40.88.

BCE Price Performance

Shares of BCE opened at C$35.90 on Wednesday. The firm has a market cap of C$32.75 billion, a PE ratio of 16.70, a price-to-earnings-growth ratio of 4.67 and a beta of 0.48. BCE has a 52-week low of C$31.43 and a 52-week high of C$53.51. The business’s 50 day moving average price is C$34.66 and its two-hundred day moving average price is C$41.43. The company has a debt-to-equity ratio of 197.43, a quick ratio of 0.43 and a current ratio of 0.65.

BCE Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Wednesday, January 15th were paid a dividend of $0.9975 per share. This represents a $3.99 annualized dividend and a yield of 11.11%. The ex-dividend date was 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.