FY2018 Earnings Estimate for BCE Inc. (BCE) Issued By National Bank Financial

BCE Inc. (TSE:BCE) (NYSE:BCE) – Equities researchers at National Bank Financial raised their FY2018 EPS estimates for shares of BCE in a research report issued to clients and investors on Thursday. National Bank Financial analyst A. Shine now anticipates that the company will post earnings of $3.59 per share for the year, up from their previous estimate of $3.57.

Other equities research analysts have also recently issued research reports about the stock. Scotiabank dropped their target price on shares of BCE from C$61.00 to C$60.00 and set a “sector perform” rating on the stock in a report on Thursday, July 27th. Morgan Stanley lifted their price target on shares of BCE from C$61.00 to C$62.00 in a research note on Wednesday, May 17th. Royal Bank Of Canada lifted their price target on shares of BCE from C$60.00 to C$61.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 27th. J P Morgan Chase & Co raised their price objective on shares of BCE from C$64.00 to C$66.00 in a research report on Monday, May 8th. Finally, TD Securities restated a “hold” rating and set a C$59.00 price objective on shares of BCE in a research report on Monday, April 24th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of C$62.17.

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Shares of BCE (TSE BCE) traded up 0.69% during trading on Monday, hitting $59.49. The stock had a trading volume of 404,807 shares. BCE has a 52-week low of $56.80 and a 52-week high of $63.38. The firm has a market cap of $53.51 billion and a PE ratio of 18.08. The stock has a 50 day moving average of $58.65 and a 200 day moving average of $59.35.

BCE (TSE:BCE) (NYSE:BCE) last announced its earnings results on Thursday, August 3rd. The company reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.01. BCE had a return on equity of 19.17% and a net margin of 13.47%. The firm had revenue of $5.70 billion for the quarter, compared to the consensus estimate of $5.62 billion.

The business also recently declared a quarterly dividend, which will be paid on Sunday, October 15th. Shareholders of record on Friday, September 15th will be paid a dividend of $0.7175 per share. The ex-dividend date is Thursday, September 14th. This represents a $2.87 dividend on an annualized basis and a yield of 4.86%.

BCE Company Profile

BCE Inc is a communications company. The Company’s segments include Bell Wireless, Bell Wireline and Bell Media. Its Bell Wireless segment provides wireless voice and data communications products and services to its residential, small and medium-sized business and large enterprise customers across Canada.

Earnings History and Estimates for BCE (TSE:BCE)

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