FY2025 Earnings Estimate for BCE Issued By Cormark

Key Points

• Cormark has increased its FY2025 earnings per share (EPS) estimate for BCE to $2.09, up from a previous estimate of $2.05, while the current consensus estimate is $1.94.
• BCE's latest quarterly earnings report showed an EPS of $0.46, which missed analyst expectations, and the company reported a significant decline in revenue compared to previous forecasts.
• The stock has seen mixed ratings from analysts, with four sell ratings, eight holds, one buy, and one strong buy, and currently has an average target price of $38.67.

BCE, Inc. (NYSE:BCE - Free Report) TSE: BCE - Equities research analysts at Cormark boosted their FY2025 EPS estimates for BCE in a report issued on Tuesday, August 12th. Cormark analyst D. Mcfadgen now forecasts that the utilities provider will post earnings of $2.09 per share for the year, up from their previous forecast of $2.05. The consensus estimate for BCE's current full-year earnings is $1.94 per share. Cormark also issued estimates for BCE's FY2026 earnings at $2.36 EPS.

Several other research firms also recently weighed in on BCE. Royal Bank Of Canada reiterated a "sector perform" rating and issued a $35.00 price target on shares of BCE in a research report on Wednesday, May 14th. Cibc World Mkts cut BCE from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 3rd. TD Securities restated a "hold" rating on shares of BCE in a research note on Friday. Scotiabank raised shares of BCE from a "sector perform" rating to a "sector outperform" rating in a research note on Monday, June 2nd. Finally, Desjardins raised shares of BCE from a "hold" rating to a "moderate buy" rating in a report on Tuesday, August 5th. Four analysts have rated the stock with a sell rating, eight have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $38.67.

BCE Price Performance

Shares of BCE opened at $24.51 on Wednesday. The stock has a market cap of $22.85 billion, a PE ratio of 84.50, a price-to-earnings-growth ratio of 4.09 and a beta of 0.62. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.57 and a current ratio of 0.61. BCE has a fifty-two week low of $20.28 and a fifty-two week high of $36.17. The firm's 50-day simple moving average is $23.13 and its two-hundred day simple moving average is $22.82.

BCE (NYSE:BCE - Get Free Report) TSE: BCE last announced 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 for the quarter, compared to analysts' expectations of $5.91 billion. During the same quarter in the prior year, the firm earned $0.78 EPS. BCE's quarterly revenue was up 1.3% compared to the same quarter last year.

BCE Cuts Dividend

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bernard Wealth Management Corp. acquired a new stake in BCE in the fourth quarter valued at approximately $26,000. WealthCollab LLC bought a new stake in BCE in the fourth quarter valued at $27,000. Hilltop National Bank bought a new stake in shares of BCE during the second quarter valued at about $28,000. Cullen Frost Bankers Inc. raised its stake in shares of BCE by 2,459.6% during the second quarter. Cullen Frost Bankers Inc. now owns 1,459 shares of the utilities provider's stock valued at $32,000 after purchasing an additional 1,402 shares in the last quarter. Finally, SVB Wealth LLC acquired a new position in BCE during the first quarter worth about $35,000. 41.46% of the stock is currently owned by hedge funds and other institutional investors.

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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