Q1 2019 Earnings Forecast for BCE Inc. (TSE:BCE) Issued By National Bank Financial

BCE Inc. (TSE:BCE) (NYSE:BCE) – Stock analysts at National Bank Financial issued their Q1 2019 EPS estimates for BCE in a report released on Wednesday, April 10th, according to Zacks Investment Research. National Bank Financial analyst A. Shine forecasts that the company will post earnings per share of $0.79 for the quarter.

BCE (TSE:BCE) (NYSE:BCE) last released its quarterly earnings results on Thursday, February 7th. The company reported C$0.89 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.86 by C$0.03. The firm had revenue of C$6.22 billion for the quarter, compared to analyst estimates of C$6.20 billion.

A number of other analysts have also issued reports on the stock. Desjardins lifted their price objective on shares of BCE from C$63.00 to C$66.00 and gave the company a “buy” rating in a research note on Friday, April 5th. Citigroup downgraded shares of BCE from a “buy” rating to a “neutral” rating and set a C$60.00 price target for the company. in a research report on Friday. CIBC raised their price target on shares of BCE from C$58.00 to C$59.00 in a research report on Friday. Royal Bank of Canada lifted their price objective on shares of BCE from C$60.00 to C$61.00 in a report on Tuesday, April 9th. Finally, Morgan Stanley lifted their price objective on shares of BCE from C$60.00 to C$63.00 in a report on Thursday, March 14th. Six analysts have rated the stock with a hold rating, The stock presently has a consensus rating of “Hold” and a consensus price target of C$60.90.

Shares of BCE stock traded down C$0.12 during trading hours on Friday, hitting C$59.66. 2,223,200 shares of the company were exchanged, compared to its average volume of 1,898,231. The firm has a market cap of $53.60 billion and a P/E ratio of 18.70. BCE has a 1 year low of C$50.72 and a 1 year high of C$60.99. The company has a debt-to-equity ratio of 133.90, a current ratio of 0.55 and a quick ratio of 0.42.

The business also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 14th will be paid a $0.7925 dividend. This represents a $3.17 dividend on an annualized basis and a yield of 5.31%. BCE’s payout ratio is 99.34%.

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. It operates in three segments: Bell Wireless, Bell Wireline, and Bell Media. The Bell Wireless segment offers wireless voice and data communications products and services, including 40 live and on-demand channels on smartphones and tablets; roaming services; push-to-talk, field service management, worker safety, and mobility management solutions; and asset management, smart buildings, smart cities, fleet management, and other Internet of Things services.

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Earnings History and Estimates for BCE (TSE:BCE)

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