BCE Inc. (TSE:BCE) (NYSE:BCE) – Equities researchers at Desjardins upped their Q3 2018 EPS estimates for BCE in a research report issued on Thursday, October 18th. Desjardins analyst M. Yaghi now anticipates that the company will post earnings per share of $0.95 for the quarter, up from their previous forecast of $0.94. Desjardins has a “Buy” rating and a $59.50 price objective on the stock. Desjardins also issued estimates for BCE’s FY2018 earnings at $3.49 EPS and FY2019 earnings at $3.71 EPS.
A number of other research analysts have also weighed in on the company. Morgan Stanley cut their price objective on BCE from C$62.00 to C$59.00 in a research report on Friday, August 31st. Royal Bank of Canada cut their price objective on BCE from C$61.00 to C$60.00 and set a “sector perform” rating for the company in a research report on Friday, August 3rd. CIBC cut their price objective on BCE from C$59.00 to C$58.00 in a research report on Friday, August 3rd. Finally, TD Securities cut their price objective on BCE from C$58.00 to C$57.00 in a research report on Friday, August 3rd. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of C$58.96.
BCE (TSE:BCE) (NYSE:BCE) last issued its quarterly earnings data on Thursday, August 2nd. The company reported C$0.86 earnings per share for the quarter, missing the Zacks’ consensus estimate of C$0.88 by C($0.02). The firm had revenue of C$5.79 billion for the quarter, compared to analysts’ expectations of C$5.83 billion. BCE had a net margin of 14.39% and a return on equity of 20.55%.
The business also recently declared a quarterly dividend, which was paid on Monday, October 15th. Investors of record on Monday, October 15th were given a $0.755 dividend. The ex-dividend date of this dividend was Thursday, September 13th. This represents a $3.02 annualized dividend and a yield of 5.65%.
BCE 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.
See Also: How Do Tariffs Affect Trade Balances?
Receive News & Ratings for BCE Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BCE and related companies with MarketBeat.com's FREE daily email newsletter.