BCE (NYSE:BCE) (TSE:BCE) issued an update on its FY 2021 earnings guidance on Thursday morning. The company provided EPS guidance of $2.422-$2.542 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.590. The company issued revenue guidance of $18.54 billion-$19.08 billion, compared to the consensus revenue estimate of $19.14 billion.
Shares of NYSE BCE traded up $0.18 during mid-day trading on Thursday, reaching $51.39. 682,417 shares of the company’s stock traded hands, compared to its average volume of 1,206,571. The stock has a market cap of $46.70 billion, a P/E ratio of 19.84, a PEG ratio of 4.30 and a beta of 0.44. The business has a 50-day simple moving average of $50.94 and a 200 day simple moving average of $50.47. BCE has a 1-year low of $42.17 and a 1-year high of $53.00. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.94 and a quick ratio of 0.89.
BCE (NYSE:BCE) (TSE:BCE) last released its quarterly earnings results on Thursday, November 4th. The utilities provider reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.17. BCE had a net margin of 13.13% and a return on equity of 16.49%. The business had revenue of $5.84 billion for the quarter, compared to analysts’ expectations of $5.94 billion. During the same period in the previous year, the company earned $0.59 earnings per share. The firm’s revenue for the quarter was up .8% compared to the same quarter last year. Equities research analysts anticipate that BCE will post 2.53 earnings per share for the current fiscal year.
BCE has been the topic of several analyst reports. Scotiabank boosted their price target on shares of BCE from C$66.00 to C$68.00 and gave the stock an outperform rating in a report on Friday, November 5th. Desjardins boosted their price target on shares of BCE from C$64.00 to C$66.00 and gave the stock a hold rating in a report on Monday, November 8th. CIBC boosted their price target on shares of BCE from C$64.00 to C$65.00 and gave the stock a neutral rating in a report on Friday, November 5th. TD Securities cut shares of BCE from a buy rating to a hold rating and dropped their target price for the company from $70.00 to $67.00 in a research note on Friday, November 5th. Finally, BMO Capital Markets boosted their target price on shares of BCE from C$61.50 to C$63.50 and gave the company an outperform rating in a research note on Friday, August 6th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, BCE has a consensus rating of Hold and an average price target of $61.14.
BCE, Inc is a telecommunications and media company, which engages in the provision of communication services to residential, business, and wholesale customers. It operates through the following segments: Bell Wireless, Bell Wireline, and Bell Media. The Bell Wireless segment covers integrated digital wireless voice and data communications products and services to residential and business customers.
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