BCE (NYSE:BCE) Updates FY 2025 Earnings Guidance

BCE (NYSE:BCE - Get Free Report) TSE: BCE issued an update on its FY 2025 earnings guidance on Thursday morning. 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.

BCE Trading Down 5.9 %

BCE stock traded down $1.38 during mid-day trading on Friday, reaching $22.14. 7,888,813 shares of the stock traded hands, compared to its average volume of 3,432,294. BCE has a one year low of $21.87 and a one year high of $38.70. The stock has a market capitalization of $20.20 billion, a PE ratio of 184.49, a PEG ratio of 3.91 and a beta of 0.57. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.60 and a current ratio of 0.62. The business has a 50-day moving average price of $24.01 and a two-hundred day moving average price of $29.72.

BCE (NYSE:BCE - Get Free Report) TSE: BCE last issued 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%. Equities research analysts expect that BCE will post 2 EPS for the current year.

BCE Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Friday, March 14th will be issued a $0.6965 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $2.79 annualized dividend and a dividend yield of 12.58%. BCE's payout ratio is 2,350.00%.

Wall Street Analysts Forecast Growth

BCE has been the topic of several research analyst reports. Canaccord Genuity Group reaffirmed a "hold" rating on shares of BCE in a research report on Tuesday, November 5th. Edward Jones cut shares of BCE from a "buy" rating to a "hold" rating in a report on Tuesday, November 5th. Bank of America lowered shares of BCE from a "neutral" rating to an "underperform" rating in a report on Tuesday, January 14th. Canaccord Genuity Group lowered shares of BCE from a "buy" rating to a "hold" rating in a research report on Tuesday, November 5th. Finally, Barclays reaffirmed an "underweight" rating on shares of BCE in a research note on Tuesday, January 21st. 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 stock. According to MarketBeat, BCE has an average 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.