Analysts Issue Forecasts for BCE's FY2025 Earnings (TSE:BCE)

Key Points

• National Bank Financial increased its FY2025 earnings per share (EPS) estimate for BCE from $2.69 to $2.71, while the consensus estimate for BCE's current full-year earnings is $3.11 per share.
• Several analysts have revised their price targets for BCE, with Scotiabank raising its target from C$39.50 to C$41.50, while BMO Capital Markets lowered theirs from C$51.00 to C$35.00.
• BCE announced a quarterly dividend of $0.4375, which gives an annualized return of 5.4% and a dividend payout ratio of 745.65%.

BCE Inc. (TSE:BCE - Free Report) NYSE: BCE - Equities research analysts at National Bank Financial upped their FY2025 earnings per share (EPS) estimates for BCE in a note issued to investors on Wednesday, October 1st. National Bank Financial analyst A. Shine now anticipates that the company will post earnings per share of $2.71 for the year, up from their previous forecast of $2.69. The consensus estimate for BCE's current full-year earnings is $3.11 per share.

A number of other equities research analysts have also recently commented on BCE. Scotiabank raised their price objective on BCE from C$39.50 to C$41.50 and gave the company an "outperform" rating in a research note on Monday, September 8th. Desjardins raised their target price on BCE from C$40.00 to C$40.50 and gave the company a "buy" rating in a report on Sunday, August 10th. National Bankshares set a C$35.00 target price on BCE and gave the company an "outperform" rating in a report on Tuesday, August 12th. BMO Capital Markets dropped their target price on BCE from C$51.00 to C$35.00 and set a "market perform" rating on the stock in a report on Tuesday, August 5th. Finally, TD Securities lifted their price target on BCE from C$33.00 to C$35.00 and gave the stock a "hold" rating in a report on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of C$34.88.

BCE Trading Up 0.5%

TSE BCE opened at C$32.60 on Monday. The business has a 50 day simple moving average of C$33.40 and a 200 day simple moving average of C$31.76. BCE has a one year low of C$28.73 and a one year high of C$46.62. The stock has a market capitalization of C$30.40 billion, a P/E ratio of 70.87, a P/E/G ratio of 4.67 and a beta of 0.57. The company has a debt-to-equity ratio of 226.73, a current ratio of 0.62 and a quick ratio of 0.43.

BCE Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Wednesday, October 15th will be given a $0.4375 dividend. This represents a $1.75 dividend on an annualized basis and a yield of 5.4%. The ex-dividend date of this dividend is Monday, September 15th. BCE's dividend payout ratio (DPR) is currently 745.65%.

About BCE

BCE is both a wireless and internet service provider, offering wireless, broadband, television, and landline phone services in Canada. It is one of the big three national wireless carriers, with its roughly 10 million customers constituting about 30% of the market. It is also the ILEC (incumbent local exchange carrierthe legacy telephone provider) throughout much of the eastern half of Canada, including in the most populous Canadian provincesOntario and Quebec.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.