BCE Inc. (BCE) Expected to Post Earnings of $0.71 Per Share

Equities research analysts forecast that BCE Inc. (NYSE:BCE) (TSE:BCE) will report earnings of $0.71 per share for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for BCE’s earnings, with estimates ranging from $0.69 to $0.72. BCE reported earnings of $0.70 per share in the same quarter last year, which suggests a positive year over year growth rate of 1.4%. The business is scheduled to announce its next earnings results before the market opens on Thursday, November 1st.

According to Zacks, analysts expect that BCE will report full year earnings of $2.67 per share for the current fiscal year, with EPS estimates ranging from $2.65 to $2.70. For the next financial year, analysts forecast that the business will report earnings of $2.80 per share, with EPS estimates ranging from $2.74 to $2.90. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that follow BCE.

BCE (NYSE:BCE) (TSE:BCE) last posted its earnings results on Thursday, August 2nd. The utilities provider reported $0.86 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.19. BCE had a net margin of 12.00% and a return on equity of 18.67%. The firm had revenue of $5.79 billion during the quarter, compared to analysts’ expectations of $5.81 billion. During the same period last year, the company posted $0.89 EPS. The company’s quarterly revenue was up 1.7% compared to the same quarter last year.

Separately, Edward Jones raised shares of BCE from a “hold” rating to a “buy” rating in a research report on Monday, August 13th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company’s stock. BCE currently has a consensus rating of “Hold” and a consensus price target of $56.00.

NYSE:BCE opened at $40.16 on Friday. BCE has a 12 month low of $39.76 and a 12 month high of $49.06. The company has a debt-to-equity ratio of 1.10, a current ratio of 0.50 and a quick ratio of 0.46. The stock has a market capitalization of $36.39 billion, a PE ratio of 15.33, a P/E/G ratio of 4.33 and a beta of 0.29.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 15th. Investors of record on Friday, September 14th will be paid a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 5.78%. This is a positive change from BCE’s previous quarterly dividend of $0.56. The ex-dividend date is Thursday, September 13th. BCE’s dividend payout ratio (DPR) is presently 88.55%.

Several institutional investors have recently modified their holdings of the stock. Lenox Wealth Management Inc. increased its stake in shares of BCE by 42.2% in the 2nd quarter. Lenox Wealth Management Inc. now owns 4,958 shares of the utilities provider’s stock worth $204,000 after acquiring an additional 1,472 shares in the last quarter. Beacon Investment Advisory Services Inc. increased its stake in shares of BCE by 17.2% in the 2nd quarter. Beacon Investment Advisory Services Inc. now owns 11,952 shares of the utilities provider’s stock worth $484,000 after acquiring an additional 1,756 shares in the last quarter. Forte Capital LLC ADV increased its stake in shares of BCE by 8.9% in the 2nd quarter. Forte Capital LLC ADV now owns 22,477 shares of the utilities provider’s stock worth $910,000 after acquiring an additional 1,837 shares in the last quarter. Sigma Planning Corp increased its stake in shares of BCE by 9.3% in the 2nd quarter. Sigma Planning Corp now owns 21,818 shares of the utilities provider’s stock worth $883,000 after acquiring an additional 1,864 shares in the last quarter. Finally, Bogart Wealth LLC increased its stake in shares of BCE by 5.8% in the 2nd quarter. Bogart Wealth LLC now owns 39,237 shares of the utilities provider’s stock worth $1,588,000 after acquiring an additional 2,141 shares in the last quarter. Institutional investors own 42.78% of the company’s stock.

About BCE

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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