Brokerages predict 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 made estimates for BCE’s earnings. The highest EPS estimate is $0.72 and the lowest is $0.69. BCE reported earnings of $0.70 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 1.4%. The business is scheduled to issue its next earnings report 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 year, analysts expect that the firm will post earnings of $2.80 per share, with EPS estimates ranging from $2.74 to $2.90. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that follow BCE.

BCE (NYSE:BCE) (TSE:BCE) last issued its earnings results on Thursday, August 2nd. The utilities provider reported $0.86 earnings per share (EPS) for the quarter, beating the 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 business had revenue of $5.79 billion during the quarter, compared to analysts’ expectations of $5.81 billion. During the same quarter in the prior year, the business posted $0.89 EPS. The company’s revenue for the quarter was up 1.7% on a year-over-year basis.

Several research analysts have recently issued reports on BCE shares. Scotiabank upgraded shares of BCE from a “sector perform” rating to a “buy” rating in a report on Wednesday. Edward Jones upgraded shares of BCE from a “hold” rating to a “buy” rating in a research note on Monday, August 13th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $56.00.

Shares of BCE stock traded up $0.03 during trading hours on Friday, hitting $39.05. The company had a trading volume of 1,136,495 shares, compared to its average volume of 880,515. BCE has a twelve month low of $38.88 and a twelve month high of $49.06. The company has a current ratio of 0.50, a quick ratio of 0.46 and a debt-to-equity ratio of 1.10. The stock has a market cap of $36.39 billion, a price-to-earnings ratio of 14.90, a PEG 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 dividend of $0.58 per share. The ex-dividend date is Thursday, September 13th. This represents a $2.32 dividend on an annualized basis and a yield of 5.94%. This is a boost from BCE’s previous quarterly dividend of $0.56. BCE’s dividend payout ratio is currently 88.55%.

A number of large investors have recently modified their holdings of BCE. Charles Schwab Investment Advisory Inc. acquired a new stake in BCE during the 2nd quarter worth $273,156,000. Toronto Dominion Bank boosted its stake in BCE by 35.6% during the 2nd quarter. Toronto Dominion Bank now owns 9,753,645 shares of the utilities provider’s stock worth $400,193,000 after purchasing an additional 2,559,555 shares during the period. Unigestion Holding SA acquired a new stake in BCE during the 2nd quarter worth $41,493,000. Renaissance Technologies LLC boosted its stake in BCE by 22.6% during the 2nd quarter. Renaissance Technologies LLC now owns 4,392,771 shares of the utilities provider’s stock worth $177,867,000 after purchasing an additional 811,000 shares during the period. Finally, Epoch Investment Partners Inc. boosted its stake in BCE by 2,389.1% during the 2nd quarter. Epoch Investment Partners Inc. now owns 600,764 shares of the utilities provider’s stock worth $24,325,000 after purchasing an additional 576,628 shares during the period. Hedge funds and other institutional investors own 42.78% of the company’s stock.

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: Earnings Per Share (EPS)

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Earnings History and Estimates for BCE (NYSE:BCE)

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