BCE FY2024 EPS Estimate Reduced by National Bank Financial

BCE Inc. (TSE:BCE) (NYSE:BCE) – Analysts at National Bank Financial reduced their FY2024 EPS estimates for BCE in a research report issued to clients and investors on Thursday, November 7th. National Bank Financial analyst A. Shine now anticipates that the company will post earnings of $2.89 per share for the year, down from their previous forecast of $2.98. National Bank Financial currently has a “Hold” rating on the stock. The consensus estimate for BCE’s current full-year earnings is $3.11 per share. National Bank Financial also issued estimates for BCE’s FY2025 earnings at $2.63 EPS.

Several other research firms have also recently weighed in on BCE. JPMorgan Chase & Co. lowered their price target on shares of BCE from C$47.00 to C$41.00 in a report on Friday. Scotiabank lowered their target price on BCE from C$50.50 to C$47.50 in a research note on Tuesday, November 5th. National Bankshares reduced their price target on BCE from C$48.00 to C$42.00 in a research note on Tuesday, November 5th. BMO Capital Markets increased their price objective on BCE from C$48.00 to C$51.00 in a research report on Thursday, September 19th. Finally, TD Securities dropped their target price on BCE from C$50.00 to C$43.00 in a report on Tuesday, November 5th. Ten analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of C$46.36.

BCE Stock Performance

TSE BCE opened at C$39.49 on Monday. The stock has a market cap of C$36.03 billion, a PE ratio of 18.37, a P/E/G ratio of 4.67 and a beta of 0.48. The company has a debt-to-equity ratio of 197.43, a quick ratio of 0.43 and a current ratio of 0.65. The firm has a 50-day moving average of C$46.00 and a 200-day moving average of C$45.88. BCE has a 52-week low of C$37.81 and a 52-week high of C$56.18.

BCE Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Monday, December 16th will be paid a $0.9975 dividend. This represents a $3.99 dividend on an annualized basis and a yield of 10.10%. The ex-dividend date is Monday, December 16th. BCE’s dividend payout ratio (DPR) is presently 185.58%.

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.