Desjardins Estimates BCE's FY2026 Earnings (NYSE:BCE)

Key Points

• Desjardins has raised its earnings per share estimate for BCE for FY2026 to $2.02, up from $2.01, while maintaining a "Buy" rating on the stock.
• BCE reported a quarterly earnings per share of $0.46, missing the consensus estimate of $0.52, with revenue at $4.47 billion compared to expected $5.91 billion.
• The company's recent dividend yield stands at 565.0%, with a dividend payout ratio of 437.93%.

BCE, Inc. (NYSE:BCE - Free Report) TSE: BCE - Analysts at Desjardins increased their FY2026 earnings per share estimates for BCE in a note issued to investors on Thursday, August 7th. Desjardins analyst J. Dubreuil now anticipates that the utilities provider will post earnings of $2.02 per share for the year, up from their previous estimate of $2.01. Desjardins currently has a "Buy" rating on the stock. The consensus estimate for BCE's current full-year earnings is $1.94 per share.

Other equities research analysts have also recently issued reports about the company. Cibc World Mkts cut BCE from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 3rd. Scotiabank upgraded BCE from a "sector perform" rating to a "sector outperform" rating in a research note on Monday, June 2nd. Finally, Royal Bank Of Canada restated a "sector perform" rating and set a $35.00 target price on shares of BCE in a research note on Wednesday, May 14th. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, BCE has a consensus rating of "Hold" and a consensus target price of $38.67.

BCE Stock Up 2.5%

NYSE BCE opened at $24.38 on Monday. The business has a fifty day moving average price of $23.04 and a two-hundred day moving average price of $22.80. The company has a debt-to-equity ratio of 2.17, a current ratio of 0.61 and a quick ratio of 0.57. BCE has a fifty-two week low of $20.28 and a fifty-two week high of $36.17. The stock has a market capitalization of $22.73 billion, a PE ratio of 84.05, a PEG ratio of 4.05 and a beta of 0.62.

BCE (NYSE:BCE - Get Free Report) TSE: BCE last issued its quarterly earnings results on Thursday, August 7th. The utilities provider reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.06). BCE had a net margin of 1.96% and a return on equity of 18.89%. The company had revenue of $4.47 billion during the quarter, compared to the consensus estimate of $5.91 billion. During the same quarter last year, the firm posted $0.78 earnings per share. The company's quarterly revenue was up 1.3% on a year-over-year basis.

BCE Cuts Dividend

The business also recently declared a dividend, which was paid on Tuesday, July 15th. Stockholders of record on Tuesday, June 17th were issued a dividend of $0.4375 per share. The ex-dividend date was Monday, June 16th. This represents a dividend yield of 565.0%. BCE's dividend payout ratio is 437.93%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of BCE. Canada Pension Plan Investment Board increased its holdings in BCE by 623.9% in the fourth quarter. Canada Pension Plan Investment Board now owns 9,398,336 shares of the utilities provider's stock valued at $217,573,000 after purchasing an additional 8,100,000 shares during the period. Goldman Sachs Group Inc. increased its holdings in BCE by 170.7% in the first quarter. Goldman Sachs Group Inc. now owns 11,679,620 shares of the utilities provider's stock valued at $268,164,000 after purchasing an additional 7,365,253 shares during the period. Caisse DE Depot ET Placement DU Quebec increased its holdings in BCE by 36.1% in the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 25,249,300 shares of the utilities provider's stock valued at $579,458,000 after purchasing an additional 6,697,900 shares during the period. Federation des caisses Desjardins du Quebec increased its holdings in BCE by 94.4% in the first quarter. Federation des caisses Desjardins du Quebec now owns 10,649,978 shares of the utilities provider's stock valued at $243,966,000 after purchasing an additional 5,171,655 shares during the period. Finally, Toronto Dominion Bank increased its holdings in BCE by 34.4% in the fourth quarter. Toronto Dominion Bank now owns 10,569,646 shares of the utilities provider's stock valued at $244,692,000 after purchasing an additional 2,706,839 shares during the period. 41.46% of the stock is currently owned by institutional investors and hedge funds.

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.

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