Scotiabank Analysts Decrease Earnings Estimates for BCE

BCE Inc. (TSE:BCE) (NYSE:BCE) – Stock analysts at Scotiabank lowered their FY2025 EPS estimates for shares of BCE in a report issued on Friday, November 28th. Scotiabank analyst M. Yaghi now anticipates that the company will post earnings per share of $2.66 for the year, down from their previous estimate of $2.70. Scotiabank has a “Outperform” rating and a $41.50 price objective on the stock. The consensus estimate for BCE’s current full-year earnings is $3.11 per share. Scotiabank also issued estimates for BCE’s FY2026 earnings at $2.90 EPS.

Several other research firms also recently weighed in on BCE. TD Securities dropped their price target on BCE from C$39.00 to C$38.00 and set a “buy” rating for the company in a research report on Friday, November 7th. CIBC increased their price objective on BCE from C$36.00 to C$37.00 and gave the company a “neutral” rating in a research note on Wednesday, October 15th. Royal Bank Of Canada upgraded BCE from a “sector perform” rating to an “outperform” rating and lifted their price objective for the stock from C$35.00 to C$47.00 in a research report on Wednesday, October 15th. BMO Capital Markets cut their target price on shares of BCE from C$51.00 to C$35.00 and set a “market perform” rating for the company in a research note on Tuesday, August 5th. Finally, Desjardins upped their target price on shares of BCE from C$41.00 to C$42.00 and gave the company a “sector perform” rating in a report 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 issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of C$36.23.

BCE Trading Down 0.8%

Shares of BCE stock opened at C$32.65 on Monday. BCE has a 1 year low of C$28.73 and a 1 year high of C$38.59. The company has a debt-to-equity ratio of 226.73, a current ratio of 0.62 and a quick ratio of 0.43. The business has a 50 day moving average price of C$32.63 and a 200 day moving average price of C$32.33. The company has a market capitalization of C$30.10 billion, a P/E ratio of 4.90, a P/E/G ratio of 4.67 and a beta of 0.52.

BCE (TSE:BCE) (NYSE:BCE) last announced its quarterly earnings results on Thursday, November 6th. The company reported C$0.79 earnings per share (EPS) for the quarter. BCE had a net margin of 1.10% and a return on equity of 1.39%. The company had revenue of C$6.05 billion for the quarter.

BCE Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Wednesday, October 15th were paid a $0.4375 dividend. This represents a $1.75 dividend on an annualized basis and a yield of 5.4%. The ex-dividend date of this dividend was Monday, September 15th. BCE’s dividend payout ratio (DPR) is presently 43.09%.

BCE Company Profile

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.