BCE (NYSE:BCE) Posts Earnings Results, Beats Expectations By $0.03 EPS

BCE (NYSE:BCE) (TSE:BCE) announced its quarterly earnings results on Thursday. The utilities provider reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.03, Zacks reports. BCE had a net margin of 0.76% and a return on equity of 17.58%. BCE updated its FY 2025 guidance to 1.890-2.000 EPS.

BCE Stock Down 5.3 %

NYSE BCE traded down $1.32 during trading on Thursday, reaching $23.58. 3,800,544 shares of the company’s stock traded hands, compared to its average volume of 3,392,630. BCE has a 12-month low of $21.87 and a 12-month high of $39.73. The company has a debt-to-equity ratio of 2.26, a current ratio of 0.62 and a quick ratio of 0.60. The firm has a market cap of $21.51 billion, a price-to-earnings ratio of 335.94, a price-to-earnings-growth ratio of 3.94 and a beta of 0.57. The company’s 50 day simple moving average is $24.18 and its two-hundred day simple moving average is $29.86.

Analysts Set New Price Targets

Several research firms have commented on BCE. Edward Jones lowered shares of BCE from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th. Canaccord Genuity Group lowered shares of BCE from a “buy” rating to a “hold” rating in a research report on Tuesday, November 5th. Bank of America lowered BCE from a “neutral” rating to an “underperform” rating in a research report on Tuesday, January 14th. Barclays reiterated an “underweight” rating on shares of BCE in a report on Tuesday, January 21st. Finally, Morgan Stanley started coverage on BCE in a report on Monday, December 16th. They set an “underweight” rating for the company. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, BCE has a consensus rating of “Hold” and a consensus 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.