National Bank Financial Comments on BCE Inc.’s FY2018 Earnings (BCE)
BCE Inc. (TSE:BCE) (NYSE:BCE) – Stock analysts at National Bank Financial lowered their FY2018 earnings per share estimates for shares of BCE in a research note issued to investors on Thursday. National Bank Financial analyst A. Shine now forecasts that the company will post earnings per share of $3.51 for the year, down from their prior forecast of $3.52. National Bank Financial has a “Outperform” rating and a $63.00 price objective on the stock. National Bank Financial also issued estimates for BCE’s FY2019 earnings at $3.61 EPS.
BCE (TSE:BCE) (NYSE:BCE) last posted its earnings results on Thursday, February 8th. The company reported C$0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.74 by C$0.02. The firm had revenue of C$5.96 billion for the quarter, compared to the consensus estimate of C$5.95 billion. BCE had a return on equity of 20.55% and a net margin of 14.39%. During the same quarter in the prior year, the business posted $0.62 earnings per share.
BCE (TSE BCE) traded down C$0.47 during trading hours on Monday, hitting C$56.16. The company’s stock had a trading volume of 616,597 shares, compared to its average volume of 1,761,392. The stock has a market capitalization of $50,620.00, a P/E ratio of 17.39 and a beta of -0.08. BCE has a 12-month low of C$54.44 and a 12-month high of C$63.00.
The company also recently announced a quarterly dividend, which will be paid on Sunday, April 15th. Investors of record on Thursday, March 15th will be paid a $0.755 dividend. This represents a $3.02 dividend on an annualized basis and a yield of 5.38%. The ex-dividend date of this dividend is Wednesday, March 14th. This is a boost from BCE’s previous quarterly dividend of $0.72. BCE’s dividend payout ratio is currently 87.77%.
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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.
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