Brokerages expect BCE Inc. (NYSE:BCE – Get Rating) (TSE:BCE) to announce earnings of $0.66 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for BCE’s earnings. The lowest EPS estimate is $0.63 and the highest is $0.68. BCE posted earnings per share of $0.68 in the same quarter last year, which would indicate a negative year over year growth rate of 2.9%. The company is scheduled to issue its next quarterly earnings results on Monday, January 1st.
According to Zacks, analysts expect that BCE will report full-year earnings of $2.63 per share for the current year, with EPS estimates ranging from $2.54 to $2.69. For the next fiscal year, analysts anticipate that the business will post earnings of $2.78 per share, with EPS estimates ranging from $2.68 to $2.85. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for BCE.
BCE (NYSE:BCE – Get Rating) (TSE:BCE) last issued its quarterly earnings data on Thursday, May 5th. The utilities provider reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.25. BCE had a return on equity of 15.85% and a net margin of 12.85%. The company had revenue of $5.85 billion for the quarter, compared to the consensus estimate of $5.86 billion. During the same quarter last year, the company earned $0.62 earnings per share. The firm’s revenue for the quarter was up 2.5% compared to the same quarter last year.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Koshinski Asset Management Inc. grew its position in shares of BCE by 4.8% in the first quarter. Koshinski Asset Management Inc. now owns 3,912 shares of the utilities provider’s stock valued at $217,000 after purchasing an additional 180 shares during the period. Bremer Bank National Association lifted its stake in shares of BCE by 4.1% in the first quarter. Bremer Bank National Association now owns 4,753 shares of the utilities provider’s stock worth $263,000 after buying an additional 189 shares in the last quarter. Keybank National Association OH lifted its stake in shares of BCE by 1.2% in the third quarter. Keybank National Association OH now owns 16,400 shares of the utilities provider’s stock worth $821,000 after buying an additional 200 shares in the last quarter. SPC Financial Inc. lifted its stake in shares of BCE by 3.2% in the fourth quarter. SPC Financial Inc. now owns 6,425 shares of the utilities provider’s stock worth $335,000 after buying an additional 200 shares in the last quarter. Finally, Menlo Advisors LLC raised its stake in BCE by 0.6% during the first quarter. Menlo Advisors LLC now owns 33,110 shares of the utilities provider’s stock worth $1,836,000 after purchasing an additional 205 shares during the period. Institutional investors and hedge funds own 44.77% of the company’s stock.
BCE stock traded up $0.06 during trading on Monday, reaching $53.97. 91,572 shares of the company traded hands, compared to its average volume of 1,488,614. BCE has a 12 month low of $48.12 and a 12 month high of $59.34. The business has a 50 day simple moving average of $55.34 and a 200 day simple moving average of $53.00. The company has a market capitalization of $49.21 billion, a price-to-earnings ratio of 20.84, a price-to-earnings-growth ratio of 4.55 and a beta of 0.47. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.63 and a current ratio of 0.68.
The business also recently announced a quarterly dividend, which will be paid on Friday, July 15th. Stockholders of record on Wednesday, June 15th will be given a $0.715 dividend. The ex-dividend date of this dividend is Tuesday, June 14th. This represents a $2.86 annualized dividend and a dividend yield of 5.30%. BCE’s dividend payout ratio (DPR) is 110.81%.
About BCE (Get Rating)
BCE Inc operates as a telecommunications and media company in Canada. The company offers wireless, wireline, Internet, and television (TV) services to residential, business, and wholesale customers. It operates through three segments: Bell Wireless, Bell Wireline, and Bell Media. The Bell Wireless segment provides wireless voice and data communication products and services, and consumer electronics products.
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