What is Scotiabank's Estimate for BCE FY2026 Earnings?

Key Points

• Scotiabank raised its FY2026 earnings estimate for BCE to C$2.63 per share from C$2.56, while maintaining a “Sector Outperform” rating and a C$39 price target.
• BCE’s analyst consensus remains a “Moderate Buy,” with a consensus price target of C$37.31, although recent analysts have issued mixed target-price adjustments and ratings.
• BCE reported quarterly earnings of C$0.65 per share on C$6.18 billion in revenue and pays a quarterly dividend of C$0.4375, equivalent to an annualized C$1.75 and a 5.4% yield.

BCE Inc. (TSE:BCE - Free Report) NYSE: BCE - Scotiabank increased their FY2026 earnings estimates for shares of BCE in a report released on Wednesday, August 19th. Scotiabank analyst M. Yaghi now expects that the company will post earnings of $2.63 per share for the year, up from their previous estimate of $2.56. Scotiabank currently has a "Sector Outperform" rating and a $39.00 price target on the stock. The consensus estimate for BCE's current full-year earnings is $3.11 per share.

Other analysts have also recently issued reports about the company. Desjardins dropped their price target on BCE from C$43.50 to C$41.00 and set a "buy" rating for the company in a report on Friday, August 7th. Raymond James Financial set a C$37.00 price target on BCE and gave the company a "market perform" rating in a research note on Thursday, July 16th. TD Securities raised BCE from a "hold" rating to a "buy" rating in a report on Wednesday, July 1st. Canaccord Genuity Group lowered their price objective on BCE from C$35.00 to C$33.00 and set a "hold" rating on the stock in a research report on Friday, July 10th. Finally, Royal Bank Of Canada dropped their target price on BCE from C$39.00 to C$36.00 and set an "outperform" rating for the company in a report on Friday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of C$37.31.

BCE Stock Performance

Shares of TSE:BCE opened at C$32.65 on Monday. BCE has a 12-month low of C$29.66 and a 12-month high of C$36.25. The stock has a market cap of C$30.45 billion, a PE ratio of 4.84, a P/E/G ratio of 4.67 and a beta of 0.30. The business has a 50 day moving average of C$31.40 and a 200-day moving average of C$33.25. The company has a quick ratio of 0.43, a current ratio of 0.73 and a debt-to-equity ratio of 175.06.

BCE (TSE:BCE - Get Free Report) NYSE: BCE last released its quarterly earnings results on Thursday, August 6th. The company reported C$0.65 earnings per share for the quarter. The firm had revenue of C$6.18 billion for the quarter. BCE had a net margin of 25.89% and a return on equity of 27.73%.

BCE Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Wednesday, July 15th were paid a $0.4375 dividend. This represents a $1.75 annualized dividend and a dividend yield of 5.4%. The ex-dividend date was Monday, June 15th. BCE's payout ratio is 25.96%.

About BCE

Bell Media is Canada's leading media and entertainment company with a portfolio of assets in premium video, audio, out-of-home advertising, and digital media. This includes Canada's most-watched television network, CTV; the largest Canadian-owned video streamer, Crave, with a premium add-on to include STARZ; a powerful suite of specialty channels; the most-trusted news brand, CTV News; Canada's cross-platform sports leaders, TSN and RDS; leading out-of-home advertising network, Astral; Québec's fast-growing conventional French-language network, Noovo; the country's leading radio and podcast app, iHeartRadio Canada; and a range of award-winning original productions, brands, and services.

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