BCE (BCE) Issues FY 2018 Earnings Guidance

BCE (NYSE:BCE) (TSE:BCE) updated its FY 2018 earnings guidance on Thursday. The company provided EPS guidance of $3.45-3.55 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.72. The company issued revenue guidance of $23.173-23.628 billion, compared to the consensus revenue estimate of $18.39 billion.

Several equities analysts have commented on the stock. Barclays dropped their price target on shares of BCE from $50.00 to $47.00 and set an overweight rating for the company in a research note on Friday. Royal Bank of Canada restated a hold rating on shares of BCE in a research note on Friday. Edward Jones upgraded shares of BCE from a hold rating to a buy rating in a research note on Monday, August 13th. Zacks Investment Research downgraded shares of BCE from a buy rating to a hold rating in a research note on Friday, October 26th. Finally, TD Securities restated a hold rating on shares of BCE in a research note on Wednesday, October 24th. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. BCE has a consensus rating of Buy and an average target price of $51.75.

Shares of BCE stock traded down $0.39 during trading on Friday, hitting $40.41. 953,839 shares of the stock were exchanged, compared to its average volume of 1,060,427. The stock has a market cap of $34.91 billion, a P/E ratio of 15.42, a price-to-earnings-growth ratio of 4.15 and a beta of 0.32. BCE has a 12-month low of $38.75 and a 12-month high of $49.06. The company has a current ratio of 0.50, a quick ratio of 0.46 and a debt-to-equity ratio of 1.10.

BCE (NYSE:BCE) (TSE:BCE) last released its quarterly earnings data on Thursday, November 1st. The utilities provider reported $0.74 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.03. The business had revenue of $5.88 billion during the quarter, compared to analysts’ expectations of $5.85 billion. BCE had a net margin of 12.00% and a return on equity of 18.67%. The company’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.86 EPS. As a group, sell-side analysts forecast that BCE will post 3.5 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 15th. Stockholders of record on Friday, December 14th will be given a dividend of $0.574 per share. The ex-dividend date is Thursday, December 13th. This represents a $2.30 annualized dividend and a dividend yield of 5.68%. BCE’s dividend payout ratio (DPR) is currently 88.55%.

BCE Company Profile

BCE Inc, a telecommunications and media company, provides wireless, wireline, Internet, and television (TV) services to residential, business, and wholesale customers in Canada. The company operates through three segments: Bell Wireless, Bell Wireline, and Bell Media. The Bell Wireless segment offers integrated digital wireless voice and data communications products and services.

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Earnings History and Estimates for BCE (NYSE:BCE)

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