Wall Street analysts expect BCE Inc. (NYSE:BCE) (TSE:BCE) to report sales of $4.78 billion for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for BCE’s earnings, with the lowest sales estimate coming in at $4.72 billion and the highest estimate coming in at $4.86 billion. BCE reported sales of $4.70 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 1.7%. The business is expected to report its next quarterly earnings report before the market opens on Thursday, February 6th.
On average, analysts expect that BCE will report full year sales of $18.22 billion for the current fiscal year, with estimates ranging from $18.15 billion to $18.34 billion. For the next fiscal year, analysts forecast that the business will report sales of $18.59 billion, with estimates ranging from $18.30 billion to $19.08 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover BCE.
BCE (NYSE:BCE) (TSE:BCE) last posted its quarterly earnings results on Thursday, October 31st. The utilities provider reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.21. The company had revenue of $5.98 billion for the quarter, compared to the consensus estimate of $5.99 billion. BCE had a return on equity of 18.75% and a net margin of 12.61%. The firm’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.96 EPS.
Separately, Morgan Stanley downgraded BCE from an “equal weight” rating to an “underweight” rating in a research note on Tuesday, December 17th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $55.73.
Institutional investors and hedge funds have recently modified their holdings of the business. Signaturefd LLC boosted its stake in BCE by 16.9% during the 3rd quarter. Signaturefd LLC now owns 3,455 shares of the utilities provider’s stock valued at $167,000 after purchasing an additional 500 shares during the last quarter. Man Group plc boosted its stake in BCE by 17.1% during the 3rd quarter. Man Group plc now owns 975,396 shares of the utilities provider’s stock valued at $47,211,000 after purchasing an additional 142,473 shares during the last quarter. Private Capital Group LLC boosted its stake in BCE by 78.6% during the 2nd quarter. Private Capital Group LLC now owns 2,040 shares of the utilities provider’s stock valued at $84,000 after purchasing an additional 898 shares during the last quarter. MHI Funds LLC boosted its stake in BCE by 65.7% during the 3rd quarter. MHI Funds LLC now owns 49,052 shares of the utilities provider’s stock valued at $2,375,000 after purchasing an additional 19,451 shares during the last quarter. Finally, Natixis boosted its stake in BCE by 0.9% during the 2nd quarter. Natixis now owns 175,115 shares of the utilities provider’s stock valued at $7,985,000 after purchasing an additional 1,527 shares during the last quarter. Institutional investors and hedge funds own 45.04% of the company’s stock.
Shares of BCE stock traded down $0.22 during midday trading on Monday, hitting $46.90. The company had a trading volume of 620,700 shares, compared to its average volume of 705,905. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.56 and a current ratio of 0.60. The stock has a market capitalization of $42.65 billion, a P/E ratio of 18.76, a P/E/G ratio of 4.07 and a beta of 0.36. The company has a 50 day moving average of $46.77 and a 200 day moving average of $47.34. BCE has a 52-week low of $42.74 and a 52-week high of $49.58.
BCE Inc, a telecommunications and media company, provides wireless, wireline, Internet, and television (TV) services to residential, business, and wholesale customers in Canada. It operates in three segments: Bell Wireless, Bell Wireline, and Bell Media. The Bell Wireless segment offers wireless voice and data communications products and services, including 40 live and on-demand channels on smartphones and tablets; roaming services; push-to-talk, field service management, worker safety, and mobility management solutions; and asset management, smart buildings, smart cities, fleet management, and other Internet of Things services.
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