Trade Report: The National Bank Financial Comments on BCE Inc.’s Q3 2016 Earnings (BCE)

The National Bank Financial Comments on BCE Inc.’s Q3 2016 Earnings (BCE)

BCE Inc. (NYSE:BCE) – Investment analysts at National Bank Financial issued their Q3 2016 earnings per share estimates for BCE in a research note issued on Thursday. National Bank Financial analyst A. Shine expects that the brokerage will earn $0.68 per share for the quarter.

BCE (NYSE:BCE) last announced its quarterly earnings results on Thursday, August 4th. The company reported $0.94 EPS for the quarter, beating the consensus estimate of $0.91 by $0.03. BCE had a net margin of 13.02% and a return on equity of 22.89%. The company had revenue of $5.34 billion for the quarter, compared to analyst estimates of $4.10 billion. During the same quarter last year, the business earned $0.87 earnings per share. BCE’s revenue was up .3% compared to the same quarter last year.

Several other research analysts also recently issued reports on BCE. Zacks Investment Research downgraded shares of BCE from a “buy” rating to a “hold” rating in a report on Tuesday, June 28th. Citigroup Inc. boosted their price objective on shares of BCE from $62.00 to $63.00 and gave the stock a “neutral” rating in a report on Tuesday, July 19th. Desjardins restated a “hold” rating and set a $64.00 price objective on shares of BCE in a report on Wednesday, August 10th. BMO Capital Markets restated a “buy” rating and set a $65.00 price objective on shares of BCE in a report on Friday, August 5th. Finally, JPMorgan Chase & Co. restated an “overweight” rating and set a $66.00 price objective (up previously from $62.00) on shares of BCE in a report on Sunday, August 7th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company’s stock. BCE currently has a consensus rating of “Hold” and an average target price of $57.30.

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Shares of BCE (NYSE:BCE) opened at 44.77 on Monday. The firm has a market cap of $38.93 billion, a price-to-earnings ratio of 18.58 and a beta of 0.40. The firm has a 50 day moving average of $46.60 and a 200 day moving average of $46.73. BCE has a 52 week low of $35.96 and a 52 week high of $49.03.

A number of institutional investors have recently added to or reduced their stakes in BCE. Aviance Capital Management LLC raised its position in BCE by 55.1% in the second quarter. Aviance Capital Management LLC now owns 596,489 shares of the company’s stock worth $28,220,000 after buying an additional 211,909 shares during the period. Legal & General Group Plc raised its position in BCE by 2.3% in the first quarter. Legal & General Group Plc now owns 1,421,628 shares of the company’s stock worth $65,055,000 after buying an additional 31,633 shares during the period. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp raised its position in BCE by 15.7% in the second quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 3,015,794 shares of the company’s stock worth $184,386,000 after buying an additional 408,989 shares during the period. Brown Advisory Inc. purchased a new position in BCE during the second quarter worth approximately $293,000. Finally, Ferguson Wellman Capital Management Inc. raised its position in BCE by 9.6% in the second quarter. Ferguson Wellman Capital Management Inc. now owns 161,873 shares of the company’s stock worth $7,658,000 after buying an additional 14,155 shares during the period. Hedge funds and other institutional investors own 44.50% of the company’s stock.

The company also recently declared a quarterly dividend, which will be paid on Saturday, October 15th. Shareholders of record on Thursday, September 15th will be given a $0.52 dividend. The ex-dividend date is Tuesday, September 13th. This represents a $2.08 dividend on an annualized basis and a yield of 4.65%. BCE’s dividend payout ratio (DPR) is presently 88.14%.

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