$0.64 Earnings Per Share Expected for Bell Canada (BCE) This Quarter

Analysts expect Bell Canada (NYSE:BCE) (TSE:BCE) to announce earnings of $0.64 per share for the current quarter, Zacks reports. Two analysts have provided estimates for Bell Canada’s earnings, with the lowest EPS estimate coming in at $0.62 and the highest estimate coming in at $0.66. Bell Canada posted earnings of $0.66 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 3%. The business is scheduled to report its next earnings results before the market opens on Thursday, May 3rd.

According to Zacks, analysts expect that Bell Canada will report full year earnings of $2.73 per share for the current financial year, with EPS estimates ranging from $2.66 to $2.77. For the next financial year, analysts forecast that the firm will report earnings of $2.86 per share, with EPS estimates ranging from $2.75 to $2.95. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Bell Canada.

Bell Canada (NYSE:BCE) (TSE:BCE) last posted its quarterly earnings data on Thursday, February 8th. The utilities provider reported $0.60 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.01. Bell Canada had a net margin of 12.25% and a return on equity of 19.85%. The business had revenue of $5.96 billion during the quarter, compared to the consensus estimate of $5.96 billion. During the same period in the previous year, the firm posted $0.76 earnings per share. The business’s revenue for the quarter was up 4.5% compared to the same quarter last year.

Several brokerages recently issued reports on BCE. Zacks Investment Research cut shares of Bell Canada from a “buy” rating to a “hold” rating in a report on Thursday, February 1st. Desjardins cut shares of Bell Canada from a “buy” rating to a “hold” rating in a report on Friday, January 12th. Finally, Barclays raised their target price on shares of Bell Canada from $51.00 to $52.00 and gave the stock an “overweight” rating in a report on Friday, February 9th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Bell Canada presently has an average rating of “Hold” and a consensus price target of $56.00.

Several institutional investors have recently modified their holdings of the stock. DAVENPORT & Co LLC increased its holdings in Bell Canada by 6.5% in the fourth quarter. DAVENPORT & Co LLC now owns 61,496 shares of the utilities provider’s stock valued at $2,952,000 after buying an additional 3,729 shares in the last quarter. MHI Funds LLC purchased a new position in Bell Canada in the fourth quarter valued at $2,760,000. APG Asset Management N.V. increased its holdings in Bell Canada by 39.4% in the fourth quarter. APG Asset Management N.V. now owns 6,260,116 shares of the utilities provider’s stock valued at $251,237,000 after buying an additional 1,768,100 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in Bell Canada by 2.8% in the fourth quarter. Envestnet Asset Management Inc. now owns 364,229 shares of the utilities provider’s stock valued at $17,485,000 after buying an additional 9,948 shares in the last quarter. Finally, Candriam Luxembourg S.C.A. increased its holdings in Bell Canada by 1.7% in the fourth quarter. Candriam Luxembourg S.C.A. now owns 73,746 shares of the utilities provider’s stock valued at $3,554,000 after buying an additional 1,227 shares in the last quarter. 44.93% of the stock is owned by hedge funds and other institutional investors.

Shares of Bell Canada stock traded up $0.01 during trading on Monday, hitting $41.91. 1,546,716 shares of the company’s stock were exchanged, compared to its average volume of 1,071,174. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.43 and a quick ratio of 0.39. Bell Canada has a 52-week low of $41.59 and a 52-week high of $49.06. The stock has a market cap of $37,754.19, a PE ratio of 16.00, a price-to-earnings-growth ratio of 4.39 and a beta of 0.33.

Bell Canada declared that its Board of Directors has initiated a stock buyback program on Thursday, February 8th that allows the company to buyback $175.00 million in shares. This buyback authorization allows the utilities provider to reacquire shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.

The firm also recently announced a quarterly dividend, which was paid on Sunday, April 15th. Investors of record on Thursday, March 15th were issued a dividend of $0.601 per share. This represents a $2.40 annualized dividend and a dividend yield of 5.74%. The ex-dividend date of this dividend was Wednesday, March 14th. This is a boost from Bell Canada’s previous quarterly dividend of $0.56. Bell Canada’s dividend payout ratio (DPR) is 88.55%.

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Bell Canada Company Profile

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

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Earnings History and Estimates for Bell Canada (NYSE:BCE)

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