BCE (NYSE:BCE) Updates FY 2026 Earnings Guidance

BCE (NYSE:BCE) (TSE:BCE) updated its FY 2026 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 1.798-1.919 for the period, compared to the consensus earnings per share estimate of 1.900. The company issued revenue guidance of $17.9 billion-$18.6 billion, compared to the consensus revenue estimate of $18.2 billion.

BCE Stock Performance

NYSE:BCE opened at $22.73 on Friday. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.74 and a quick ratio of 0.71. The business has a fifty day simple moving average of $22.56 and a two-hundred day simple moving average of $24.14. BCE has a 1 year low of $20.87 and a 1 year high of $26.52. The company has a market capitalization of $21.19 billion, a P/E ratio of 4.65 and a beta of 0.51.

BCE (NYSE:BCE) (TSE:BCE) last issued its quarterly earnings results on Thursday, August 6th. The utilities provider reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.01. BCE had a return on equity of 13.06% and a net margin of 25.49%.The firm had revenue of $4.35 billion for the quarter, compared to analysts’ expectations of $4.35 billion. BCE has set its FY 2026 guidance at 1.798-1.919 EPS. On average, analysts expect that BCE will post 1.81 earnings per share for the current year.

BCE Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Tuesday, September 15th will be paid a dividend of $0.4375 per share. This represents a $1.75 dividend on an annualized basis and a dividend yield of 7.7%. The ex-dividend date is Tuesday, September 15th. BCE’s dividend payout ratio is presently 25.81%.

Analyst Ratings Changes

BCE has been the subject of several analyst reports. Raymond James Financial started coverage on shares of BCE in a report on Wednesday, July 15th. They issued a “market perform” rating for the company. Barclays dropped their target price on BCE from $26.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 16th. Zacks Research lowered BCE from a “hold” rating to a “strong sell” rating in a report on Monday, July 13th. Weiss Ratings reiterated a “hold (c)” rating on shares of BCE in a research report on Friday, May 29th. Finally, TD Securities raised BCE from a “hold” rating to a “buy” rating in a report on Wednesday, July 1st. Six equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $30.00.

Key Stories Impacting BCE

Here are the key news stories impacting BCE this week:

• Positive Sentiment: BCE reported adjusted earnings of $0.47 per share, slightly above the $0.46 consensus estimate and up from $0.46 a year earlier. Revenue also increased, supported by growth at Ziply Fiber, Bell Media and AI services. BCE’s Q2 Earnings Beat Estimates on Ziply Fiber & Media Momentum
• Positive Sentiment: Bell Media benefited from increased advertising and broadcast activity related to the FIFA World Cup, providing a boost to media revenue. FIFA World Cup helps lift Bell Media revenues
• Positive Sentiment: The company declared a quarterly dividend of $0.4375 per share, equivalent to $1.75 annually and a reported yield of approximately 7.7%. The payout may support income-focused demand for the shares. BCE Dividend: What Every Investor Needs to Know Before Buying
• Neutral Sentiment: Management maintained 2026 revenue guidance of approximately $17.9 billion to $18.6 billion, broadly consistent with the $18.2 billion analyst consensus.
• Negative Sentiment: Overall quarterly profit declined despite the earnings beat, while weaker product sales and higher investment spending offset operating gains. BCE reports second quarter 2026 results
• Negative Sentiment: 2026 EPS guidance of $1.798 to $1.919 has a midpoint below the $1.90 consensus estimate, suggesting limited earnings upside and potentially pressuring the stock.

Institutional Investors Weigh In On BCE

Several large investors have recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd raised its holdings in shares of BCE by 735.3% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 1,161 shares of the utilities provider’s stock valued at $27,000 after acquiring an additional 1,022 shares in the last quarter. Smartleaf Asset Management LLC increased its position in shares of BCE by 1,642.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,411 shares of the utilities provider’s stock worth $33,000 after purchasing an additional 1,330 shares during the last quarter. Colonial Trust Co SC bought a new position in shares of BCE in the fourth quarter worth approximately $60,000. Geneos Wealth Management Inc. raised its stake in BCE by 64.8% in the first quarter. Geneos Wealth Management Inc. now owns 3,096 shares of the utilities provider’s stock valued at $71,000 after purchasing an additional 1,217 shares in the last quarter. Finally, Arax Advisory Partners lifted its position in BCE by 61.2% during the fourth quarter. Arax Advisory Partners now owns 3,333 shares of the utilities provider’s stock valued at $79,000 after purchasing an additional 1,265 shares during the last quarter. Institutional investors own 41.46% of the company’s stock.

About BCE

BCE Inc (NYSE: BCE) is a Canadian communications, media and entertainment company that operates through its primary subsidiaries, including Bell Canada and Bell Media. As a large integrated telecommunications provider, BCE delivers a broad range of connectivity services and content to residential, business and wholesale customers across Canada. The company combines network infrastructure with media assets to offer bundled communications and entertainment solutions.

On the services side, BCE provides fixed-line and wireless voice services, mobile data, high-speed internet, fibre and broadband access, and television services through platforms such as Bell Fibe and Bell TV.