Desjardins Weighs in on BCE Inc.’s Q3 2018 Earnings (BCE)

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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.

Shares of BCE stock opened at C$53.45 on Friday. BCE has a twelve month low of C$50.72 and a twelve month high of C$62.90.

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.

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Earnings History and Estimates for BCE (TSE:BCE)

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