What is Scotiabank’s Estimate for BCE FY2027 Earnings?

BCE Inc. (TSE:BCE) (NYSE:BCE) – Scotiabank dropped their FY2027 earnings estimates for BCE in a research report issued to clients and investors on Thursday, October 22nd. Scotiabank analyst M. Yaghi now expects that the company will post earnings of $2.61 per share for the year, down from their prior estimate of $2.66. Scotiabank currently has a “Sector Outperform” rating and a $36.50 target price on the stock. The consensus estimate for BCE’s current full-year earnings is $3.11 per share.

Several other analysts have also issued reports on BCE. TD Securities raised BCE from a “hold” rating to a “buy” rating in a report on Wednesday, July 1st. National Bank Financial dropped their price target on BCE from C$38.00 to C$36.00 and set an “outperform” rating for the company in a research note on Thursday, October 1st. Desjardins dropped their price target on BCE from C$43.00 to C$41.00 and set a “buy” rating for the company in a research note on Wednesday, October 7th. TD upped their price objective on shares of BCE from C$37.00 to C$40.00 and gave the stock a “buy” rating in a research report on Tuesday, September 15th. Finally, Scotia increased their price objective on shares of BCE from C$39.00 to C$40.00 and gave the stock a “sector outperform” rating in a research note on Friday, August 7th. Ten equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$37.12.

BCE Price Performance

Shares of TSE BCE opened at C$28.23 on Monday. The stock has a market capitalization of C$26.33 billion, a PE ratio of 4.19, a P/E/G ratio of 4.67 and a beta of 0.37. The company has a debt-to-equity ratio of 175.06, a current ratio of 0.73 and a quick ratio of 0.43. The business has a fifty day moving average price of C$30.35 and a two-hundred day moving average price of C$32.60. BCE has a fifty-two week low of C$26.66 and a fifty-two week high of C$36.25.

BCE (TSE:BCE) (NYSE:BCE) last issued its quarterly earnings results on Thursday, August 6th. The company reported C$0.65 earnings per share (EPS) for the quarter. BCE had a return on equity of 27.73% and a net margin of 25.89%. The business had revenue of C$6.18 billion for the quarter.

Insiders Place Their Bets

In other BCE news, Director Louis Vachon purchased 10,000 shares of the firm’s stock in a transaction dated Friday, September 18th. The shares were bought at an average price of C$30.63 per share, for a total transaction of C$306,300.00. Following the purchase, the director owned 100,000 shares in the company, valued at approximately C$3,063,000. This trade represents a 11.11% increase in their position. 0.02% of the stock is owned by insiders.

BCE Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Thursday, October 15th were paid a dividend of $0.4375 per share. The ex-dividend date was Tuesday, September 15th. This represents a $1.75 annualized dividend and a yield of 6.2%. BCE’s dividend payout ratio is presently 25.96%.

About BCE

Bell Media is Canada’s leading media and entertainment company with a portfolio of assets in premium video, audio, out-of-home advertising, and digital media. This includes Canada’s most-watched television network, CTV; the largest Canadian-owned video streamer, Crave, with a premium add-on to include STARZ; a powerful suite of specialty channels; the most-trusted news brand, CTV News; Canada’s cross-platform sports leaders, TSN and RDS; leading out-of-home advertising network, Astral; Québec’s fast-growing conventional French-language network, Noovo; the country’s leading radio and podcast app, iHeartRadio Canada; and a range of award-winning original productions, brands, and services.