Cormark Has Pessimistic Outlook of BCE FY2025 Earnings

BCE Inc. (TSE:BCE) (NYSE:BCE) – Equities researchers at Cormark lowered their FY2025 EPS estimates for BCE in a report issued on Wednesday, November 12th. Cormark analyst D. Mcfadgen now expects that the company will post earnings of $2.76 per share for the year, down from their prior estimate of $2.86. The consensus estimate for BCE’s current full-year earnings is $3.11 per share. Cormark also issued estimates for BCE’s FY2026 earnings at $3.09 EPS.

Other analysts have also issued research reports about the company. BMO Capital Markets dropped their price target on BCE from C$51.00 to C$35.00 and set a “market perform” rating for the company in a research note on Tuesday, August 5th. TD Securities dropped their target price on shares of BCE from C$39.00 to C$38.00 and set a “buy” rating on the stock in a report on Friday, November 7th. CIBC lifted their price target on shares of BCE from C$36.00 to C$37.00 and gave the company a “neutral” rating in a research report on Wednesday, October 15th. Desjardins upped their price objective on shares of BCE from C$41.00 to C$42.00 and gave the stock a “sector perform” rating in a report on Friday, November 7th. Finally, National Bankshares set a C$35.00 price target on BCE and gave the stock an “outperform” rating in a research report on Tuesday, August 12th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of C$36.23.

BCE Trading Down 2.7%

TSE BCE opened at C$31.90 on Thursday. The stock has a market cap of C$29.41 billion, a P/E ratio of 4.79, a price-to-earnings-growth ratio of 4.67 and a beta of 0.52. BCE has a fifty-two week low of C$28.73 and a fifty-two week high of C$38.73. The stock has a 50 day simple moving average of C$32.76 and a two-hundred day simple moving average of C$32.09. The company has a debt-to-equity ratio of 226.73, a quick ratio of 0.43 and a current ratio of 0.62.

BCE (TSE:BCE) (NYSE:BCE) last posted its earnings results on Thursday, November 6th. The company reported C$4.84 earnings per share for the quarter. BCE had a net margin of 1.10% and a return on equity of 1.39%. The company had revenue of C$6.05 billion during the quarter.

BCE Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Wednesday, October 15th were paid a dividend of $0.4375 per share. The ex-dividend date was Monday, September 15th. This represents a $1.75 dividend on an annualized basis and a yield of 5.5%. BCE’s payout ratio is currently 43.09%.

About BCE

BCE is both a wireless and internet service provider, offering wireless, broadband, television, and landline phone services in Canada. It is one of the big three national wireless carriers, with its roughly 10 million customers constituting about 30% of the market. It is also the ILEC (incumbent local exchange carrierthe legacy telephone provider) throughout much of the eastern half of Canada, including in the most populous Canadian provincesOntario and Quebec.