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

BCE (NYSE:BCE) (TSE:BCE) posted its quarterly earnings data on Thursday. The utilities provider reported $0.56 EPS for the quarter, topping the consensus estimate 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 Performance

Shares of NYSE BCE traded down $1.35 during trading on Thursday, reaching $23.56. 6,477,347 shares of the company traded hands, compared to its average volume of 3,453,674. The stock has a market cap of $21.49 billion, a P/E ratio of 336.50, a PEG ratio of 3.94 and a beta of 0.57. The firm’s fifty day simple moving average is $24.18 and its 200 day simple moving average is $29.86. The company has a current ratio of 0.62, a quick ratio of 0.60 and a debt-to-equity ratio of 2.26. BCE has a 12-month low of $21.87 and a 12-month high of $39.73.

Wall Street Analysts Forecast Growth

BCE has been the subject of a number of recent analyst reports. Barclays reaffirmed an “underweight” rating on shares of BCE in a research note on Tuesday, January 21st. Edward Jones lowered shares of BCE from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th. Morgan Stanley began coverage on BCE in a report on Monday, December 16th. They set an “underweight” rating for the company. Canaccord Genuity Group reiterated a “hold” rating on shares of BCE in a report on Tuesday, November 5th. Finally, Canaccord Genuity Group cut shares of BCE from a “buy” rating to a “hold” rating in a research report on Tuesday, November 5th. Three analysts have rated the stock with a sell rating, seven have given a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, BCE presently has a consensus rating of “Hold” and an average target price of $45.00.

BCE Company Profile

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.