BCE (BCE) Scheduled to Post Quarterly Earnings on Thursday

BCE (NYSE:BCE - Get Free Report) TSE: BCE is scheduled to be posting its quarterly earnings results before the market opens on Thursday, November 7th. Analysts expect BCE to post earnings of $0.58 per share for the quarter. Persons that are interested in registering for the company's earnings conference call can do so using this link.

BCE (NYSE:BCE - Get Free Report) TSE: BCE last issued its earnings results on Thursday, August 1st. The utilities provider reported $0.78 EPS for the quarter, beating analysts' consensus estimates of $0.59 by $0.19. BCE had a net margin of 8.39% and a return on equity of 17.10%. The business had revenue of $4.39 billion for the quarter, compared to the consensus estimate of $4.46 billion. During the same quarter last year, the firm posted $0.59 EPS. On average, analysts expect BCE to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

BCE Stock Up 0.1 %

NYSE BCE traded up $0.02 during trading hours on Thursday, hitting $32.26. The company had a trading volume of 1,511,986 shares, compared to its average volume of 2,188,897. The firm's 50 day moving average is $34.35 and its 200 day moving average is $33.72. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.65 and a quick ratio of 0.62. BCE has a fifty-two week low of $31.13 and a fifty-two week high of $41.77. The company has a market capitalization of $29.43 billion, a price-to-earnings ratio of 20.28, a P/E/G ratio of 5.55 and a beta of 0.58.

Wall Street Analysts Forecast Growth

Several research firms recently commented on BCE. National Bank Financial lowered BCE from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 30th. Cibc World Mkts upgraded shares of BCE from a "hold" rating to a "strong-buy" rating in a research note on Friday, August 2nd. BMO Capital Markets lifted their price target on shares of BCE from $48.00 to $51.00 and gave the stock a "market perform" rating in a research note on Thursday, September 19th. Finally, Barclays decreased their price objective on shares of BCE from $35.00 to $34.00 and set an "equal weight" rating for the company in a research report on Wednesday, October 9th. Six analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $46.33.

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.