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

BCE (NYSE:BCE) (TSE:BCE) posted its earnings results on Thursday. The utilities provider reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.03, Zacks reports. BCE had a return on equity of 17.58% and a net margin of 0.76%. BCE updated its FY 2025 guidance to 1.890-2.000 EPS.

BCE Stock Performance

NYSE:BCE traded down $0.99 during midday trading on Friday, hitting $22.54. The company’s stock had a trading volume of 1,779,229 shares, compared to its average volume of 3,467,409. BCE has a fifty-two week low of $21.87 and a fifty-two week high of $38.70. 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 firm has a market cap 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 firm’s 50 day moving average is $24.11 and its 200-day moving average is $29.81.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on BCE shares. Canaccord Genuity Group cut shares of BCE from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th. Barclays reaffirmed an “underweight” rating on shares of BCE in a research report on Tuesday, January 21st. Morgan Stanley began coverage on BCE in a research note on Monday, December 16th. They set an “underweight” rating on the stock. Canaccord Genuity Group reaffirmed a “hold” rating on shares of BCE in a research report on Tuesday, November 5th. Finally, Edward Jones downgraded shares of BCE from a “buy” rating to a “hold” rating in a research report on Tuesday, November 5th. Four investment analysts have rated the stock with a sell rating, six have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus 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.