BCE Inc. (BCE) Forecasted to Post FY2018 Earnings of $3.56 Per Share

BCE Inc. (TSE:BCE) (NYSE:BCE) – National Bank Financial raised their FY2018 earnings estimates for shares of BCE in a report issued on Tuesday. National Bank Financial analyst A. Shine now anticipates that the company will earn $3.56 per share for the year, up from their prior forecast of $3.55. National Bank Financial has a “Outperform” rating and a $64.00 price objective on the stock.

Other research analysts also recently issued research reports about the company. Royal Bank Of Canada upped their price objective on BCE from C$61.00 to C$62.00 and gave the company a “sector perform” rating in a research note on Friday, November 3rd. Scotiabank increased their target price on shares of BCE from C$60.00 to C$61.00 and gave the company a “sector perform” rating in a research report on Friday, November 3rd. Desjardins raised their price objective on shares of BCE from C$65.00 to C$66.00 in a research report on Friday, November 3rd. Citigroup Inc. raised their price objective on shares of BCE from C$65.00 to C$66.00 in a research report on Friday, November 3rd. Finally, J P Morgan Chase & Co cut their target price on BCE from C$66.00 to C$65.00 and set an “overweight” rating on the stock in a report on Friday, August 4th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of C$62.85.

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BCE (BCE) traded up C$0.37 during mid-day trading on Friday, hitting C$61.17. 1,312,082 shares of the stock were exchanged, compared to its average volume of 1,374,092. BCE has a 52-week low of C$56.80 and a 52-week high of C$63.00.

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Stockholders of record on Friday, December 15th will be given a dividend of $0.717 per share. The ex-dividend date is Thursday, December 14th. This represents a $2.87 dividend on an annualized basis and a dividend yield of 4.69%. BCE’s dividend payout ratio (DPR) is presently 87.77%.

In related news, insider Blaik Kirby sold 6,498 shares of the company’s stock in a transaction on Thursday, August 17th. The stock was sold at an average price of C$59.30, for a total value of C$385,331.40. Also, Director Katherine M. Lee purchased 2,000 shares of BCE stock in a transaction that occurred on Friday, August 18th. The stock was purchased at an average cost of C$58.91 per share, for a total transaction of C$117,820.00.

About BCE

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.

Earnings History and Estimates for BCE (TSE:BCE)

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