BCE (NYSE:BCE) Issues FY 2025 Earnings Guidance

BCE (NYSE:BCE) (TSE:BCE) updated its FY 2025 earnings guidance on Thursday. The company provided EPS guidance of 1.890-2.000 for the period, compared to the consensus EPS estimate of 2.070. The company issued revenue guidance of $16.9 billion-$17.3 billion, compared to the consensus revenue estimate of $17.4 billion.

Analysts Set New Price Targets

Several research firms have recently weighed in on BCE. JPMorgan Chase & Co. downgraded shares of BCE from a “neutral” rating to an “underweight” rating in a research note on Friday. Canaccord Genuity Group downgraded shares of BCE from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th. Bank of America downgraded shares of BCE from a “neutral” rating to an “underperform” rating in a research note on Tuesday, January 14th. Edward Jones lowered shares of BCE from a “buy” rating to a “hold” rating in a report on Tuesday, November 5th. Finally, Barclays reissued an “underweight” rating on shares of BCE in a report on Tuesday, January 21st. Four equities research 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’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $45.00.

BCE Stock Down 6.3 %

NYSE BCE traded down $1.49 on Friday, hitting $22.04. The stock had a trading volume of 5,709,359 shares, compared to its average volume of 3,631,306. The business’s fifty day moving average price is $24.11 and its 200 day moving average price is $29.81. The company has a debt-to-equity ratio of 2.26, a current ratio of 0.62 and a quick ratio of 0.60. BCE has a 52-week low of $21.87 and a 52-week high of $38.70. The stock has a market cap of $20.10 billion, a price-to-earnings ratio of 315.00, a price-to-earnings-growth ratio of 3.94 and a beta of 0.57.

BCE (NYSE:BCE) (TSE:BCE) last released its quarterly earnings results on Thursday, February 6th. The utilities provider reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.03. BCE had a net margin of 0.76% and a return on equity of 17.58%. Equities research analysts anticipate that BCE will post 2.1 earnings per share for the current year.

BCE Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Friday, March 14th will be issued a $0.6965 dividend. This represents a $2.79 annualized dividend and a yield of 12.64%. The ex-dividend date is Friday, March 14th. BCE’s dividend payout ratio is currently 4,028.57%.

BCE Company Profile

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.