BCE (BCE) Projected to Post Earnings on Thursday

BCE (NYSE:BCE - Get Free Report) TSE: BCE is anticipated to post its Q4 2024 quarterly earnings results before the market opens on Thursday, February 6th. Analysts expect BCE to post earnings of $0.53 per share and revenue of $4.56 billion for the quarter. BCE has set its FY 2025 guidance at 1.890-2.000 EPS.Parties that are interested in registering for the company's conference call can do so using this link.

BCE (NYSE:BCE - Get Free Report) TSE: BCE last posted its earnings results on Thursday, February 6th. The utilities provider reported $0.56 EPS for the quarter, topping analysts' consensus estimates of $0.53 by $0.03. BCE had a return on equity of 17.58% and a net margin of 0.76%. On average, analysts expect BCE to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

BCE Stock Performance

NYSE:BCE traded down $1.38 during mid-day trading on Friday, reaching $22.14. 7,888,813 shares of the stock were exchanged, compared to its average volume of 3,734,590. The stock has a market capitalization of $20.20 billion, a P/E ratio of 316.27, a P/E/G ratio of 3.94 and a beta of 0.57. BCE has a 1 year low of $21.87 and a 1 year high of $38.70. The company has a 50 day simple moving average of $24.11 and a 200-day simple moving average of $29.81. The company has a quick ratio of 0.60, a current ratio of 0.62 and a debt-to-equity ratio of 2.26.

BCE Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Friday, March 14th will be given a dividend of $0.6965 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $2.79 dividend on an annualized basis and a dividend yield of 12.58%. BCE's dividend payout ratio (DPR) is presently 2,283.33%.

Wall Street Analyst Weigh In

BCE has been the subject of a number of recent research reports. Bank of America cut shares of BCE from a "neutral" rating to an "underperform" rating in a research note on Tuesday, January 14th. Barclays reiterated an "underweight" rating on shares of BCE in a research note on Tuesday, January 21st. JPMorgan Chase & Co. downgraded BCE from a "neutral" rating to an "underweight" rating in a research note on Friday. Canaccord Genuity Group lowered BCE from a "buy" rating to a "hold" rating in a report on Tuesday, November 5th. Finally, Morgan Stanley started coverage on shares of BCE in a research report on Monday, December 16th. They set an "underweight" rating for the company. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $45.00.

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.