Q1 2022 Earnings Estimate for BCE Inc. (NYSE:BCE) Issued By Cormark

BCE Inc. (NYSE:BCEGet Rating) (TSE:BCE) – Investment analysts at Cormark issued their Q1 2022 earnings estimates for BCE in a research note issued to investors on Wednesday, April 20th. Cormark analyst D. Mcfadgen expects that the utilities provider will post earnings of $0.66 per share for the quarter.

BCE (NYSE:BCEGet Rating) (TSE:BCE) last announced its quarterly earnings data on Thursday, February 3rd. The utilities provider reported $0.61 EPS for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.05. The business had revenue of $6.21 billion during the quarter, compared to the consensus estimate of $6.23 billion. BCE had a return on equity of 15.67% and a net margin of 11.83%. The business’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.62 earnings per share.

BCE has been the topic of several other research reports. National Bank Financial boosted their price target on BCE from C$70.00 to C$71.00 in a research note on Friday, February 4th. Argus boosted their price objective on BCE from $54.00 to $60.00 in a report on Wednesday, March 23rd. Bank of America lowered BCE from a “buy” rating to a “neutral” rating in a report on Monday, March 14th. CIBC increased their price objective on BCE from C$65.00 to C$67.00 in a report on Friday, February 4th. Finally, Desjardins increased their price objective on BCE from C$66.50 to C$68.00 in a report on Monday, February 7th. Seven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, BCE currently has a consensus rating of “Hold” and a consensus price target of $65.64.

BCE stock opened at $56.89 on Thursday. The stock has a 50-day moving average price of $54.95 and a two-hundred day moving average price of $52.74. The company has a market cap of $51.76 billion, a PE ratio of 23.80, a price-to-earnings-growth ratio of 4.92 and a beta of 0.46. BCE has a 12-month low of $46.25 and a 12-month high of $59.34. The company has a current ratio of 0.68, a quick ratio of 0.63 and a debt-to-equity ratio of 1.43.

Institutional investors have recently bought and sold shares of the business. Qube Research & Technologies Ltd increased its position in BCE by 186.1% during the fourth quarter. Qube Research & Technologies Ltd now owns 68,170 shares of the utilities provider’s stock worth $3,548,000 after buying an additional 44,345 shares during the last quarter. Crawford Investment Counsel Inc. boosted its holdings in BCE by 1.9% during the third quarter. Crawford Investment Counsel Inc. now owns 799,151 shares of the utilities provider’s stock valued at $40,005,000 after acquiring an additional 14,659 shares during the period. Montrusco Bolton Investments Inc. boosted its holdings in BCE by 9.3% during the third quarter. Montrusco Bolton Investments Inc. now owns 851,651 shares of the utilities provider’s stock valued at $42,655,000 after acquiring an additional 72,301 shares during the period. Vestmark Advisory Solutions Inc. boosted its holdings in BCE by 4.4% during the fourth quarter. Vestmark Advisory Solutions Inc. now owns 56,226 shares of the utilities provider’s stock valued at $2,926,000 after acquiring an additional 2,388 shares during the period. Finally, Morgan Stanley boosted its holdings in BCE by 46.9% during the third quarter. Morgan Stanley now owns 2,292,473 shares of the utilities provider’s stock valued at $114,761,000 after acquiring an additional 732,306 shares during the period. 43.83% of the stock is currently owned by hedge funds and other institutional investors.

The firm also recently announced a quarterly dividend, which was paid on Friday, April 15th. Shareholders of record on Tuesday, March 15th were given a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a yield of 6.47%. This is an increase from BCE’s previous quarterly dividend of $0.70. The ex-dividend date of this dividend was Monday, March 14th. BCE’s dividend payout ratio is presently 120.08%.

BCE Company Profile (Get Rating)

BCE Inc operates as a telecommunications and media company in Canada. The company offers wireless, wireline, Internet, and television (TV) services to residential, business, and wholesale customers. It operates through three segments: Bell Wireless, Bell Wireline, and Bell Media. The Bell Wireless segment provides wireless voice and data communication products and services, and consumer electronics products.

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Earnings History and Estimates for BCE (NYSE:BCE)

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