BCE (NYSE:BCE) Updates FY 2025 Earnings Guidance

BCE (NYSE:BCE - Get Free Report) TSE: BCE updated its FY 2025 earnings guidance on Thursday. The company provided EPS guidance of 1.840-1.950 for the period, compared to the consensus EPS estimate of 2.740. The company issued revenue guidance of $16.5 billion-$17.2 billion, compared to the consensus revenue estimate of $24.3 billion.

BCE Stock Performance

BCE stock opened at $21.25 on Thursday. The business has a 50 day moving average of $22.51 and a 200-day moving average of $24.52. The firm has a market cap of $19.59 billion, a PE ratio of 177.08, a P/E/G ratio of 4.13 and a beta of 0.63. BCE has a 12-month low of $20.28 and a 12-month high of $36.17. 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 (NYSE:BCE - Get Free Report) TSE: BCE last issued its quarterly earnings results on Thursday, May 8th. The utilities provider reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.02. BCE had a net margin of 0.99% and a return on equity of 17.89%. As a group, sell-side analysts expect that BCE will post 1.94 earnings per share for the current year.

BCE Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Friday, March 14th were paid a $0.6965 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $2.79 dividend on an annualized basis and a yield of 13.11%. BCE's dividend payout ratio is currently 2,291.67%.

Analyst Ratings Changes

A number of research firms recently commented on BCE. Bank of America cut BCE from a "neutral" rating to an "underperform" rating in a research note on Tuesday, January 14th. National Bankshares restated a "sector perform" rating on shares of BCE in a research report on Tuesday, March 11th. JPMorgan Chase & Co. cut BCE from a "neutral" rating to an "underweight" rating in a report on Friday, February 7th. Barclays reissued an "underweight" rating on shares of BCE in a research note on Tuesday, January 21st. Finally, Royal Bank of Canada reiterated a "sector perform" rating and set a $39.00 price target on shares of BCE in a report on Tuesday, February 25th. Four research analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average 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.

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