BCE (BCE) Projected to Post Quarterly Earnings on Thursday

BCE (NYSE:BCE - Get Free Report) TSE: BCE is expected to issue its Q1 2025 quarterly earnings data before the market opens on Thursday, May 8th. Analysts expect the company to announce earnings of $0.46 per share and revenue of $5.92 billion for the quarter. BCE has set its FY 2025 guidance at 1.890-2.000 EPS.

BCE (NYSE:BCE - Get Free Report) TSE: BCE last released its quarterly earnings results on Thursday, February 6th. The utilities provider reported $0.56 EPS for the quarter, beating the consensus estimate of $0.53 by $0.03. BCE had a net margin of 0.99% and a return on equity of 17.89%. On average, analysts expect BCE to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

BCE Price Performance

Shares of BCE stock traded down $0.01 on Friday, reaching $21.44. 6,612,765 shares of the company were exchanged, compared to its average volume of 2,831,307. The company has a market cap of $19.76 billion, a price-to-earnings ratio of 178.63, a P/E/G ratio of 4.13 and a beta of 0.63. The business has a 50-day moving average price of $22.62 and a 200 day moving average price of $24.71. BCE has a 1 year low of $20.28 and a 1 year high of $36.17. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.60 and a current ratio of 0.62.

BCE Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Friday, March 14th were issued a $0.6965 dividend. This represents a $2.79 annualized dividend and a yield of 13.00%. The ex-dividend date was Friday, March 14th. BCE's payout ratio is currently 2,291.67%.

Analyst Ratings Changes

Several research firms have recently commented on BCE. National Bankshares restated a "sector perform" rating on shares of BCE in a research report on Tuesday, March 11th. Royal Bank of Canada reiterated a "sector perform" rating and issued a $39.00 price objective on shares of BCE in a report on Tuesday, February 25th. JPMorgan Chase & Co. lowered shares of BCE from a "neutral" rating to an "underweight" rating in a research note on Friday, February 7th. Barclays reissued an "underweight" rating on shares of BCE in a report on Tuesday, January 21st. Finally, National Bank Financial upgraded shares of BCE from a "hold" rating to a "strong-buy" rating in a research note on Thursday, April 3rd. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, BCE currently has an average rating of "Hold" and a consensus target price of $40.00.

About BCE

BCE Inc, a communications company, provides wireless, wireline, Internet, and television (TV) services to residential, business, and wholesale customers in Canada. The company operates through two segments, Bell Communication and Technology Services, and Bell Media. The Bell Communication and Technology Services segment provides wireless products and services including mobile data and voice plans and devices; wireline products and services comprising data, including internet access, internet protocol television, cloud-based services, and business solutions, as well as voice, and other communication services and products; and satellite TV and connectivity services for residential, small and medium-sized business, government, and large enterprise customers.