BCE (BCE) Scheduled to Post Quarterly Earnings on Thursday

BCE (TSE:BCE - Get Free Report) NYSE: BCE is scheduled to release its earnings data before the market opens on Thursday, November 7th. Analysts expect BCE to post earnings of C$0.82 per share for the quarter.

BCE (TSE:BCE - Get Free Report) NYSE: BCE last announced its earnings results on Thursday, August 1st. The company reported C$0.78 EPS for the quarter, missing analysts' consensus estimates of C$0.80 by C($0.02). BCE had a return on equity of 10.63% and a net margin of 8.75%. The company had revenue of C$6.01 billion during the quarter, compared to the consensus estimate of C$6.07 billion.

BCE Stock Performance

BCE stock traded up C$0.05 during trading on Thursday, reaching C$44.89. The company had a trading volume of 2,319,088 shares, compared to its average volume of 2,929,455. BCE has a 52 week low of C$42.58 and a 52 week high of C$56.18. The firm's 50-day simple moving average is C$46.77 and its 200 day simple moving average is C$46.04. The firm has a market capitalization of C$40.95 billion, a price-to-earnings ratio of 20.88, a price-to-earnings-growth ratio of 4.67 and a beta of 0.48. The company has a current ratio of 0.65, a quick ratio of 0.43 and a debt-to-equity ratio of 197.43.

BCE Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 15th were paid a $0.998 dividend. The ex-dividend date of this dividend was Monday, September 16th. This represents a $3.99 dividend on an annualized basis and a yield of 8.89%. BCE's payout ratio is presently 185.58%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. BMO Capital Markets increased their price target on BCE from C$48.00 to C$51.00 in a research note on Thursday, September 19th. TD Securities cut their price target on BCE from C$51.00 to C$50.00 and set a "hold" rating for the company in a research note on Wednesday, October 2nd. Cormark cut their price target on BCE from C$53.00 to C$52.00 in a research note on Friday, August 2nd. JPMorgan Chase & Co. increased their price target on BCE from C$46.00 to C$47.00 and gave the stock a "neutral" rating in a research note on Friday, August 2nd. Finally, Royal Bank of Canada cut their price target on BCE from C$53.00 to C$52.00 in a research note on Thursday, October 10th. Nine research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of C$50.36.

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.