FY2027 Earnings Forecast for BCE Issued By Desjardins

Key Points

• Desjardins analysts raised their FY2027 earnings estimate for BCE to $2.80 per share, reflecting an increase from the previous estimate of $2.79, while maintaining a "Buy" rating and a price target of $40.50.
• BCE has announced a quarterly dividend payout of $0.4375 per share, resulting in an annual dividend yield of 5.2% and a notable payout ratio of 1,338.57%.
• Despite fluctuations in ratings from various financial institutions, BCE's overall consensus remains a "Hold" with a target price averaging C$34.42.

BCE Inc. (TSE:BCE - Free Report) NYSE: BCE - Analysts at Desjardins boosted their FY2027 earnings estimates for BCE in a report issued on Thursday, August 7th. Desjardins analyst J. Dubreuil now expects that the company will earn $2.80 per share for the year, up from their prior forecast of $2.79. Desjardins has a "Buy" rating and a $40.50 price target on the stock. The consensus estimate for BCE's current full-year earnings is $3.11 per share.

BCE has been the topic of a number of other research reports. TD Securities increased their price objective on shares of BCE from C$33.00 to C$35.00 and gave the company a "hold" rating in a research report on Friday. National Bankshares set a C$35.00 price objective on shares of BCE and gave the company an "outperform" rating in a research report on Friday, June 6th. CIBC lowered their price objective on shares of BCE from C$52.00 to C$33.00 and set a "neutral" rating on the stock in a research report on Thursday, July 3rd. Scotiabank upgraded shares of BCE from a "hold" rating to a "strong-buy" rating and set a C$39.00 price objective on the stock in a research report on Monday, June 2nd. Finally, Cibc World Mkts downgraded shares of BCE from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 3rd. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of C$34.42.

BCE Stock Up 2.6%

Shares of BCE stock opened at C$33.51 on Monday. The company has a market cap of C$30.35 billion, a price-to-earnings ratio of 112.42, a price-to-earnings-growth ratio of 4.67 and a beta of 0.48. The company's 50 day moving average is C$31.54 and its 200 day moving average is C$31.89. BCE has a twelve month low of C$28.73 and a twelve month high of C$49.13. The company has a quick ratio of 0.43, a current ratio of 0.62 and a debt-to-equity ratio of 226.73.

BCE Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Monday, September 15th will be given a dividend of $0.4375 per share. This represents a $1.75 annualized dividend and a dividend yield of 5.2%. BCE's payout ratio is 1,338.57%.

BCE Company Profile

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.

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