BCE (BCE) Set to Announce Quarterly Earnings on Thursday

BCE (NYSE:BCE) (TSE:BCE) is set to issue its quarterly earnings data before the market opens on Thursday, November 7th. Analysts expect the company to announce earnings of $0.58 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

BCE (NYSE:BCE) (TSE:BCE) last released its quarterly earnings results on Thursday, August 1st. The utilities provider reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.19. BCE had a return on equity of 17.10% and a net margin of 8.39%. The business had revenue of $4.39 billion during the quarter, compared to analyst estimates of $4.46 billion. During the same quarter last year, the company posted $0.59 EPS. On average, analysts expect BCE to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

BCE Price Performance

BCE stock opened at $32.25 on Thursday. BCE has a one year low of $31.13 and a one year high of $41.77. The firm has a 50-day moving average of $34.35 and a two-hundred day moving average of $33.72. The firm has a market capitalization of $29.42 billion, a PE ratio of 20.28, a P/E/G ratio of 5.55 and a beta of 0.58. The company has a current ratio of 0.65, a quick ratio of 0.62 and a debt-to-equity ratio of 2.00.

Analysts Set New Price Targets

Several brokerages recently commented on BCE. BMO Capital Markets upped their price target on shares of BCE from $48.00 to $51.00 and gave the company a “market perform” rating in a research report on Thursday, September 19th. Cibc World Mkts upgraded BCE from a “hold” rating to a “strong-buy” rating in a report on Friday, August 2nd. National Bank Financial downgraded BCE from a “strong-buy” rating to a “hold” rating in a report on Monday, September 30th. Finally, Barclays reduced their price objective on BCE from $35.00 to $34.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 9th. Six equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $46.33.

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.