BCE (NYSE:BCE – Get Rating) (TSE:BCE) is scheduled to be issuing its quarterly earnings data before the market opens on Thursday, May 4th. Analysts expect the company to announce earnings of $0.62 per share for the quarter. BCE has set its FY 2023 guidance at $2.32-$2.42 EPS.Parties that are interested in registering for the company’s conference call can do so using this link.
BCE (NYSE:BCE – Get Rating) (TSE:BCE) last released its quarterly earnings data on Thursday, February 2nd. The utilities provider reported $0.53 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.53. BCE had a net margin of 11.85% and a return on equity of 16.03%. The business had revenue of $4.74 billion during the quarter, compared to analysts’ expectations of $4.68 billion. 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
Shares of BCE opened at $47.24 on Thursday. BCE has a 1-year low of $39.88 and a 1-year high of $55.31. The stock has a market cap of $43.09 billion, a PE ratio of 20.53, a price-to-earnings-growth ratio of 5.97 and a beta of 0.60. The company has a debt-to-equity ratio of 1.49, a current ratio of 0.57 and a quick ratio of 0.51. The firm has a fifty day moving average price of $45.31 and a 200 day moving average price of $45.42.
BCE Increases Dividend
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in BCE. Brown Brothers Harriman & Co. acquired a new position in BCE during the first quarter worth about $88,000. Nelson Van Denburg & Campbell Wealth Management Group LLC grew its position in BCE by 107.5% during the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 2,382 shares of the utilities provider’s stock worth $132,000 after buying an additional 1,234 shares during the period. Quantbot Technologies LP acquired a new position in BCE during the second quarter worth about $153,000. MBM Wealth Consultants LLC grew its position in BCE by 73.9% during the fourth quarter. MBM Wealth Consultants LLC now owns 3,339 shares of the utilities provider’s stock worth $149,000 after buying an additional 1,419 shares during the period. Finally, American Century Companies Inc. grew its position in BCE by 10.0% during the first quarter. American Century Companies Inc. now owns 4,217 shares of the utilities provider’s stock worth $234,000 after buying an additional 382 shares during the period. 42.92% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of equities research analysts recently weighed in on the stock. Barclays reduced their price target on shares of BCE from $48.00 to $47.00 and set an “equal weight” rating for the company in a research report on Monday, January 9th. CIBC upped their target price on shares of BCE from C$62.00 to C$64.00 in a report on Thursday, January 12th. StockNews.com began coverage on shares of BCE in a report on Thursday, March 16th. They issued a “hold” rating for the company. TD Securities reduced their target price on shares of BCE from C$65.00 to C$64.00 in a report on Friday, February 3rd. Finally, BMO Capital Markets reduced their target price on shares of BCE from C$66.00 to C$64.00 in a report on Friday, February 3rd. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $63.53.
BCE Company Profile
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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