What is Scotiabank’s Forecast for BCE FY2025 Earnings?

BCE Inc. (TSE:BCE) (NYSE:BCE) – Scotiabank reduced their FY2025 earnings estimates for shares of BCE in a research note issued on Wednesday, March 19th. Scotiabank analyst M. Yaghi now anticipates that the company will earn $2.80 per share for the year, down from their prior forecast of $2.87. Scotiabank currently has a “Sector Perform” rating and a $40.00 target price on the stock. The consensus estimate for BCE’s current full-year earnings is $3.11 per share.

Other research analysts have also issued reports about the company. JPMorgan Chase & Co. lowered BCE from a “neutral” rating to an “underweight” rating and cut their target price for the stock from C$35.00 to C$29.00 in a research report on Friday, February 7th. Canaccord Genuity Group boosted their target price on BCE from C$33.00 to C$33.50 and gave the stock a “hold” rating in a report on Friday, February 7th. Barclays lowered shares of BCE from an “equal weight” rating to an “underperform” rating and cut their price target for the company from C$41.00 to C$30.00 in a report on Thursday, January 30th. Royal Bank of Canada decreased their price objective on shares of BCE from C$45.00 to C$41.00 and set a “sector perform” rating for the company in a research note on Wednesday, December 18th. Finally, National Bankshares lifted their target price on shares of BCE from C$35.00 to C$36.00 and gave the company a “sector perform” rating in a report on Tuesday, March 11th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of C$40.50.

BCE Stock Performance

TSE:BCE opened at C$32.26 on Monday. BCE has a fifty-two week low of C$31.43 and a fifty-two week high of C$49.13. The firm’s 50 day moving average is C$33.86 and its two-hundred day moving average is C$38.32. The company has a market cap of C$29.22 billion, a P/E ratio of 108.23, a P/E/G ratio of 4.67 and a beta of 0.48. The company has a quick ratio of 0.43, a current ratio of 0.62 and a debt-to-equity ratio of 226.73.

BCE Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 15th will be paid a dividend of $0.9975 per share. This represents a $3.99 annualized dividend and a dividend yield of 12.37%. The ex-dividend date is Friday, March 14th. BCE’s dividend payout ratio (DPR) is currently 1,338.57%.

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.