Cormark Has Bearish Forecast for BCE FY2025 Earnings

BCE Inc. (TSE:BCE) (NYSE:BCE) – Equities researchers at Cormark dropped their FY2025 earnings per share (EPS) estimates for shares of BCE in a research report issued to clients and investors on Wednesday, November 12th. Cormark analyst D. Mcfadgen now forecasts that the company will post earnings of $2.76 per share for the year, down from their previous forecast of $2.86. The consensus estimate for BCE’s current full-year earnings is $3.11 per share. Cormark also issued estimates for BCE’s FY2026 earnings at $3.09 EPS.

A number of other research firms have also recently issued reports on BCE. Scotiabank increased their price target on BCE from C$39.50 to C$41.50 and gave the stock an “outperform” rating in a report on Monday, September 8th. National Bankshares set a C$35.00 price target on BCE and gave the stock an “outperform” rating in a report on Tuesday, August 12th. Desjardins lifted their price target on BCE from C$41.00 to C$42.00 and gave the stock a “sector perform” rating in a report on Friday, November 7th. BMO Capital Markets dropped their target price on shares of BCE from C$51.00 to C$35.00 and set a “market perform” rating on the stock in a research note on Tuesday, August 5th. Finally, TD Securities dropped their price target on shares of BCE from C$39.00 to C$38.00 and set a “buy” rating on the stock in a research note on Friday, November 7th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, BCE has a consensus rating of “Hold” and a consensus target price of C$36.23.

BCE Price Performance

BCE stock opened at C$31.90 on Thursday. The company has a debt-to-equity ratio of 226.73, a current ratio of 0.62 and a quick ratio of 0.43. BCE has a one year low of C$28.73 and a one year high of C$38.73. The stock’s 50 day moving average is C$32.76 and its 200 day moving average is C$32.09. The firm has a market cap of C$29.41 billion, a P/E ratio of 4.79, a P/E/G ratio of 4.67 and a beta of 0.52.

BCE (TSE:BCE) (NYSE:BCE) last issued its earnings results on Thursday, November 6th. The company reported C$4.84 earnings per share (EPS) for the quarter. BCE had a return on equity of 1.39% and a net margin of 1.10%.The business had revenue of C$6.05 billion during the quarter.

BCE Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Wednesday, October 15th were paid a dividend of $0.4375 per share. This represents a $1.75 dividend on an annualized basis and a dividend yield of 5.5%. The ex-dividend date of this dividend was Monday, September 15th. BCE’s dividend payout ratio (DPR) is 43.09%.

About BCE

BCE is both a wireless and internet service provider, offering wireless, broadband, television, and landline phone services in Canada. It is one of the big three national wireless carriers, with its roughly 10 million customers constituting about 30% of the market. It is also the ILEC (incumbent local exchange carrierthe legacy telephone provider) throughout much of the eastern half of Canada, including in the most populous Canadian provincesOntario and Quebec.