BCE, Inc. (NYSE:BCE – Free Report) (TSE:BCE) – Scotiabank boosted their FY2026 earnings per share (EPS) estimates for BCE in a research note issued on Tuesday, July 15th. Scotiabank analyst M. Yaghi now forecasts that the utilities provider will post earnings of $2.01 per share for the year, up from their prior estimate of $1.91. Scotiabank currently has a “Sector Outperform” rating on the stock. The consensus estimate for BCE’s current full-year earnings is $1.94 per share.
Other analysts have also recently issued reports about the stock. Cibc World Mkts cut shares of BCE from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 3rd. National Bank Financial raised BCE from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 3rd. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $35.00 target price on shares of BCE in a report on Wednesday, May 14th. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, BCE currently has a consensus rating of “Hold” and an average price target of $38.67.
BCE Stock Performance
Shares of BCE stock opened at $23.70 on Friday. The stock has a market cap of $22.10 billion, a PE ratio of 91.15, a P/E/G ratio of 3.89 and a beta of 0.61. The company has a debt-to-equity ratio of 2.40, a quick ratio of 0.61 and a current ratio of 0.64. BCE has a 1 year low of $20.28 and a 1 year high of $36.17. The stock has a fifty day moving average price of $22.36 and a 200 day moving average price of $22.74.
BCE (NYSE:BCE – Get Free Report) (TSE:BCE) last released its quarterly earnings results on Thursday, May 8th. The utilities provider reported $0.48 EPS for the quarter, beating the consensus estimate of $0.44 by $0.04. BCE had a net margin of 1.82% and a return on equity of 19.22%. The firm had revenue of $4.12 billion during the quarter, compared to the consensus estimate of $5.92 billion. During the same quarter in the prior year, the firm earned $0.75 EPS. BCE’s revenue for the quarter was down 1.3% on a year-over-year basis.
BCE Cuts Dividend
The firm also recently declared a dividend, which was paid on Tuesday, July 15th. Stockholders of record on Tuesday, June 17th were issued a dividend of $0.4375 per share. The ex-dividend date of this dividend was Monday, June 16th. This represents a dividend yield of 5.65%. BCE’s dividend payout ratio (DPR) is presently 488.46%.
Institutional Investors Weigh In On BCE
Hedge funds have recently made changes to their positions in the stock. Bernard Wealth Management Corp. bought a new stake in shares of BCE during the fourth quarter valued at approximately $26,000. WealthCollab LLC acquired a new position in BCE during the fourth quarter worth $27,000. SVB Wealth LLC acquired a new stake in shares of BCE in the first quarter valued at about $35,000. Caitong International Asset Management Co. Ltd bought a new position in shares of BCE in the 1st quarter valued at about $47,000. Finally, GeoWealth Management LLC acquired a new position in shares of BCE in the fourth quarter valued at $60,000. Institutional investors own 41.46% of the company’s stock.
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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