$0.66 Earnings Per Share Expected for BCE Inc. (NYSE:BCE) This Quarter

Brokerages expect BCE Inc. (NYSE:BCEGet Rating) (TSE:BCE) to announce earnings of $0.66 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for BCE’s earnings. The lowest EPS estimate is $0.63 and the highest is $0.68. BCE posted earnings per share of $0.68 in the same quarter last year, which would indicate a negative year over year growth rate of 2.9%. The company is scheduled to issue its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that BCE will report full-year earnings of $2.63 per share for the current year, with EPS estimates ranging from $2.54 to $2.69. For the next fiscal year, analysts anticipate that the business will post earnings of $2.78 per share, with EPS estimates ranging from $2.68 to $2.85. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for BCE.

BCE (NYSE:BCEGet Rating) (TSE:BCE) last issued its quarterly earnings data on Thursday, May 5th. The utilities provider reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.25. BCE had a return on equity of 15.85% and a net margin of 12.85%. The company had revenue of $5.85 billion for the quarter, compared to the consensus estimate of $5.86 billion. During the same quarter last year, the company earned $0.62 earnings per share. The firm’s revenue for the quarter was up 2.5% compared to the same quarter last year.

BCE has been the topic of a number of recent research reports. Desjardins raised their price objective on BCE from C$68.00 to C$70.00 in a research report on Monday. BMO Capital Markets raised their price objective on BCE from C$69.00 to C$70.00 in a research report on Friday, February 4th. Royal Bank of Canada raised their price objective on BCE from C$69.00 to C$70.00 in a research report on Friday. CIBC raised their price target on BCE from C$65.00 to C$67.00 in a report on Friday, February 4th. Finally, Argus raised their price target on BCE from $54.00 to $60.00 in a report on Wednesday, March 23rd. Eight investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, BCE currently has a consensus rating of “Hold” and an average price target of $66.50.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Koshinski Asset Management Inc. grew its position in shares of BCE by 4.8% in the first quarter. Koshinski Asset Management Inc. now owns 3,912 shares of the utilities provider’s stock valued at $217,000 after purchasing an additional 180 shares during the period. Bremer Bank National Association lifted its stake in shares of BCE by 4.1% in the first quarter. Bremer Bank National Association now owns 4,753 shares of the utilities provider’s stock worth $263,000 after buying an additional 189 shares in the last quarter. Keybank National Association OH lifted its stake in shares of BCE by 1.2% in the third quarter. Keybank National Association OH now owns 16,400 shares of the utilities provider’s stock worth $821,000 after buying an additional 200 shares in the last quarter. SPC Financial Inc. lifted its stake in shares of BCE by 3.2% in the fourth quarter. SPC Financial Inc. now owns 6,425 shares of the utilities provider’s stock worth $335,000 after buying an additional 200 shares in the last quarter. Finally, Menlo Advisors LLC raised its stake in BCE by 0.6% during the first quarter. Menlo Advisors LLC now owns 33,110 shares of the utilities provider’s stock worth $1,836,000 after purchasing an additional 205 shares during the period. Institutional investors and hedge funds own 44.77% of the company’s stock.

BCE stock traded up $0.06 during trading on Monday, reaching $53.97. 91,572 shares of the company traded hands, compared to its average volume of 1,488,614. BCE has a 12 month low of $48.12 and a 12 month high of $59.34. The business has a 50 day simple moving average of $55.34 and a 200 day simple moving average of $53.00. The company has a market capitalization of $49.21 billion, a price-to-earnings ratio of 20.84, a price-to-earnings-growth ratio of 4.55 and a beta of 0.47. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.63 and a current ratio of 0.68.

The business also recently announced a quarterly dividend, which will be paid on Friday, July 15th. Stockholders of record on Wednesday, June 15th will be given a $0.715 dividend. The ex-dividend date of this dividend is Tuesday, June 14th. This represents a $2.86 annualized dividend and a dividend yield of 5.30%. BCE’s dividend payout ratio (DPR) is 110.81%.

About BCE (Get Rating)

BCE Inc operates as a telecommunications and media company in Canada. The company offers wireless, wireline, Internet, and television (TV) services to residential, business, and wholesale customers. It operates through three segments: Bell Wireless, Bell Wireline, and Bell Media. The Bell Wireless segment provides wireless voice and data communication products and services, and consumer electronics products.

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