BCE Inc. (TSE:BCE) (NYSE:BCE) – Equities researchers at Desjardins upped their Q3 2018 earnings per share estimates for BCE in a report released on Thursday, October 18th. Desjardins analyst M. Yaghi now forecasts that the company will post earnings of $0.95 per share for the quarter, up from their previous estimate of $0.94. Desjardins currently has a “Buy” rating and a $59.50 target price on the stock. Desjardins also issued estimates for BCE’s FY2018 earnings at $3.49 EPS and FY2019 earnings at $3.71 EPS.

BCE (TSE:BCE) (NYSE:BCE) last issued its quarterly earnings data on Thursday, August 2nd. The company reported C$0.86 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.88 by C($0.02). BCE had a return on equity of 20.55% and a net margin of 14.39%. The business had revenue of C$5.79 billion during the quarter, compared to the consensus estimate of C$5.83 billion.

BCE has been the topic of several other research reports. Royal Bank of Canada lowered their price objective on shares of BCE from C$61.00 to C$60.00 and set a “sector perform” rating on the stock in a research note on Friday, August 3rd. TD Securities lowered their price objective on shares of BCE from C$58.00 to C$57.00 in a research note on Friday, August 3rd. Morgan Stanley lowered their price objective on shares of BCE from C$62.00 to C$59.00 in a research note on Friday, August 31st. Finally, CIBC lowered their price objective on shares of BCE from C$59.00 to C$58.00 in a research note on Friday, August 3rd. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock has an average rating of “Buy” and an average target price of C$58.96.

Shares of TSE:BCE opened at C$52.59 on Friday. BCE has a twelve month low of C$50.72 and a twelve month high of C$62.90.

The company also recently announced a quarterly dividend, which was paid on Monday, October 15th. Investors of record on Monday, October 15th were issued a $0.755 dividend. This represents a $3.02 annualized dividend and a yield of 5.74%. The ex-dividend date of this dividend was Thursday, September 13th.

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.

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Earnings History and Estimates for BCE (TSE:BCE)

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