BCE (NYSE:BCE) Issues FY 2025 Earnings Guidance

BCE (NYSE:BCE) (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 Stock Down 5.9 %

BCE stock traded down $1.38 during trading on Friday, hitting $22.14. 7,888,813 shares of the company’s stock were exchanged, compared to its average volume of 3,432,294. The business has a 50-day moving average price of $24.01 and a two-hundred day moving average price of $29.74. The stock has a market capitalization of $20.20 billion, a price-to-earnings ratio of 184.49, a PEG ratio of 3.91 and a beta of 0.57. BCE has a 52-week low of $21.87 and a 52-week high of $38.70. 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 (NYSE:BCE) (TSE:BCE) last posted its earnings results on Thursday, February 6th. The utilities provider reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.03. BCE had a return on equity of 17.89% and a net margin of 0.99%. As a group, equities research analysts expect that BCE will post 2 EPS for the current year.

BCE Cuts Dividend

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. JPMorgan Chase & Co. cut BCE from a “neutral” rating to an “underweight” rating in a research note on Friday. Canaccord Genuity Group reiterated a “hold” rating on shares of BCE in a research note on Tuesday, November 5th. Morgan Stanley assumed coverage on BCE in a research note on Monday, December 16th. They issued an “underweight” rating for the company. Bank of America cut BCE from a “neutral” rating to an “underperform” rating in a research note on Tuesday, January 14th. Finally, Barclays reiterated 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 assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, BCE has a consensus rating of “Hold” and an average 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.