What is Cormark's Forecast for BCE Q3 Earnings?

Key Points

• Cormark forecasts BCE will report $0.56 earnings per share for Q3 2025, while the consensus estimate for the full year is $1.94 per share.
• The stock has received mixed ratings from research analysts, with an average rating of "Hold" and a consensus price target of $33.50.
• BCE recently announced a quarterly dividend of $0.4375, yielding approximately 7.4% based on its annual payout.

BCE, Inc. (NYSE:BCE - Free Report) TSE: BCE - Cormark issued their Q3 2025 EPS estimates for BCE in a report issued on Wednesday, October 29th. Cormark analyst D. Mcfadgen anticipates that the utilities provider will post earnings per share of $0.56 for the quarter. The consensus estimate for BCE's current full-year earnings is $1.94 per share.

BCE has been the subject of several other reports. National Bankshares reiterated an "outperform" rating on shares of BCE in a research note on Friday, August 15th. Desjardins raised shares of BCE from a "hold" rating to a "moderate buy" rating in a research report on Tuesday, August 5th. TD Securities upgraded BCE from a "hold" rating to a "buy" rating in a report on Wednesday, October 15th. Royal Bank Of Canada raised BCE from a "sector perform" rating to an "outperform" rating and raised their price objective for the company from $35.00 to $37.00 in a research report on Wednesday, October 15th. Finally, Cibc World Mkts lowered BCE from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 3rd. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have given a Hold rating and five have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $33.50.

BCE Stock Performance

NYSE BCE opened at $23.51 on Thursday. 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 1-year low of $20.28 and a 1-year high of $32.48. The firm has a market capitalization of $21.92 billion, a P/E ratio of 81.06, a P/E/G ratio of 4.01 and a beta of 0.63. The business's 50-day simple moving average is $23.92 and its 200-day simple moving average is $23.15.

BCE (NYSE:BCE - Get Free Report) TSE: BCE last issued its earnings results on Thursday, August 7th. The utilities provider reported $0.46 earnings per share for the quarter, missing analysts' consensus estimates of $0.52 by ($0.06). BCE had a net margin of 1.96% and a return on equity of 18.89%. The firm had revenue of $4.47 billion during the quarter, compared to analyst estimates of $5.91 billion. During the same quarter in the previous year, the business posted $0.78 EPS. BCE's revenue was up 1.3% compared to the same quarter last year. BCE has set its FY 2025 guidance at 1.910-1.980 EPS.

BCE Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Monday, September 15th were paid a $0.4375 dividend. This represents a $1.75 dividend on an annualized basis and a dividend yield of 7.4%. The ex-dividend date was Monday, September 15th. BCE's dividend payout ratio is 437.93%.

Hedge Funds Weigh In On BCE

A number of hedge funds have recently bought and sold shares of the company. Goldman Sachs Group Inc. raised its stake in BCE by 170.7% during 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 buying an additional 7,365,253 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of BCE by 99.4% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 14,006,153 shares of the utilities provider's stock valued at $310,682,000 after acquiring an additional 6,981,281 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec raised its position in shares of BCE by 36.1% during the 1st 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 acquiring an additional 6,697,900 shares in the last quarter. Federation des caisses Desjardins du Quebec lifted its stake in BCE by 94.4% during the first quarter. Federation des caisses Desjardins du Quebec now owns 10,649,978 shares of the utilities provider's stock worth $243,966,000 after purchasing an additional 5,171,655 shares during the last quarter. Finally, Canada Pension Plan Investment Board boosted its holdings in BCE by 50.9% in the first quarter. Canada Pension Plan Investment Board now owns 14,181,568 shares of the utilities provider's stock worth $325,559,000 after purchasing an additional 4,783,232 shares during the period. 41.46% of the stock is currently owned by institutional investors and hedge funds.

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.

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