BCE (NYSE:BCE) Posts Earnings Results, Beats Estimates By $0.03 EPS

BCE (NYSE:BCE) (TSE:BCE) posted its quarterly earnings data on Thursday. The utilities provider reported $0.56 earnings per share (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 $0.99 during mid-day trading on Friday, reaching $22.54. 1,779,229 shares of the company were exchanged, compared to its average volume of 3,467,409. The stock has a market capitalization of $20.56 billion, a P/E ratio of 320.93, a P/E/G ratio of 3.94 and a beta of 0.57. The company has a quick ratio of 0.60, a current ratio of 0.62 and a debt-to-equity ratio of 2.26. BCE has a twelve month low of $21.87 and a twelve month high of $38.70. The company’s 50-day simple moving average is $24.11 and its 200-day simple moving average is $29.81.

Analysts Set New Price Targets

BCE has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. cut shares of BCE from a “neutral” rating to an “underweight” rating in a research report on Friday. Canaccord Genuity Group cut shares of BCE from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th. Barclays reiterated an “underweight” rating on shares of BCE in a research report on Tuesday, January 21st. Bank of America cut BCE from a “neutral” rating to an “underperform” rating in a report on Tuesday, January 14th. Finally, Edward Jones cut BCE from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th. Four research analysts have rated the stock with a sell rating, six have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, BCE currently has an average 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.