BCE (BCE) to Release Earnings on Thursday

BCE (TSE:BCE) (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) (NYSE:BCE) last posted its quarterly earnings results on Thursday, August 1st. The company reported C$0.78 earnings per share for the quarter, missing the consensus estimate of C$0.80 by C($0.02). The business had revenue of C$6.01 billion during the quarter, compared to the consensus estimate of C$6.07 billion. BCE had a return on equity of 10.63% and a net margin of 8.75%.

BCE Stock Down 0.8 %

BCE opened at C$44.84 on Thursday. The company has a market cap of C$40.91 billion, a P/E ratio of 20.86, a P/E/G ratio of 4.67 and a beta of 0.48. BCE has a 12 month low of C$42.58 and a 12 month high of C$56.18. The business’s 50-day moving average price is C$46.81 and its 200-day moving average price is C$46.04. 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 15th were given a $0.998 dividend. This represents a $3.99 dividend on an annualized basis and a dividend yield of 8.90%. The ex-dividend date was Monday, September 16th. BCE’s payout ratio is 185.58%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Barclays decreased their target price on BCE from C$48.00 to C$46.00 in a report on Wednesday, October 9th. JPMorgan Chase & Co. raised their target price on shares of BCE from C$46.00 to C$47.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. BMO Capital Markets boosted their price target on shares of BCE from C$48.00 to C$51.00 in a research report on Thursday, September 19th. Royal Bank of Canada decreased their price target on shares of BCE from C$53.00 to C$52.00 in a research note on Thursday, October 10th. Finally, Cormark cut their price objective on BCE from C$53.00 to C$52.00 in a research report on Friday, August 2nd. Nine analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, BCE currently has an average rating of “Hold” and an average target price of C$50.36.

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.