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 earnings per share (EPS) guidance of 1.890-2.000 for the period, compared to the consensus 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 Up 2.5 %

Shares of NYSE:BCE opened at $25.00 on Thursday. BCE has a 1 year low of $21.87 and a 1 year high of $39.73. The company has a debt-to-equity ratio of 2.26, a current ratio of 0.62 and a quick ratio of 0.60. The business’s 50-day moving average is $24.18 and its 200-day moving average is $29.86. The company has a market capitalization of $22.81 billion, a price-to-earnings ratio of 357.14, a P/E/G ratio of 3.94 and a beta of 0.57.

BCE (NYSE:BCE) (TSE:BCE) last issued its quarterly earnings results on Thursday, February 6th. The utilities provider reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.03. BCE had a return on equity of 17.58% and a net margin of 0.76%. Equities research analysts predict that BCE will post 2.1 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on BCE shares. Canaccord Genuity Group reiterated a “hold” rating on shares of BCE in a report on Tuesday, November 5th. Morgan Stanley initiated coverage on BCE in a research note on Monday, December 16th. They set an “underweight” rating on the stock. Bank of America cut BCE from a “neutral” rating to an “underperform” rating in a research note on Tuesday, January 14th. Edward Jones lowered BCE from a “buy” rating to a “hold” rating in a research report on Tuesday, November 5th. Finally, Canaccord Genuity Group cut BCE from a “buy” rating to a “hold” rating in a report on Tuesday, November 5th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target 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.