Brokerages expect that BCE Inc. (NYSE:BCE) (TSE:BCE) will report sales of $4.46 billion for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for BCE’s earnings, with the highest sales estimate coming in at $4.47 billion and the lowest estimate coming in at $4.46 billion. BCE reported sales of $4.53 billion in the same quarter last year, which would suggest a negative year-over-year growth rate of 1.5%. The business is scheduled to issue its next quarterly earnings report on Thursday, November 7th.
On average, analysts expect that BCE will report full year sales of $18.19 billion for the current fiscal year, with estimates ranging from $17.96 billion to $18.33 billion. For the next fiscal year, analysts anticipate that the firm will post sales of $18.54 billion, with estimates ranging from $18.05 billion to $19.00 billion. Zacks’ sales averages are a mean average based on a survey of analysts that cover BCE.
BCE (NYSE:BCE) (TSE:BCE) last announced its quarterly earnings results on Thursday, August 1st. The utilities provider reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.02. BCE had a return on equity of 19.15% and a net margin of 12.51%. The business had revenue of $5.93 billion for the quarter, compared to analyst estimates of $5.90 billion. During the same quarter in the prior year, the company earned $0.86 earnings per share. The company’s quarterly revenue was up 2.5% on a year-over-year basis.
NYSE:BCE opened at $47.52 on Thursday. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.57 and a quick ratio of 0.53. The business has a fifty day simple moving average of $46.80 and a two-hundred day simple moving average of $45.51. BCE has a 1 year low of $38.75 and a 1 year high of $48.84. The company has a market capitalization of $43.10 billion, a P/E ratio of 17.54, a P/E/G ratio of 5.09 and a beta of 0.40.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 16th will be issued a $0.601 dividend. This is an increase from BCE’s previous quarterly dividend of $0.59. The ex-dividend date is Friday, September 13th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 5.06%. BCE’s dividend payout ratio (DPR) is presently 87.82%.
Large investors have recently modified their holdings of the company. TD Asset Management Inc. grew its holdings in BCE by 1.6% in the first quarter. TD Asset Management Inc. now owns 17,747,576 shares of the utilities provider’s stock worth $788,308,000 after purchasing an additional 274,189 shares during the last quarter. FIL Ltd raised its position in shares of BCE by 11.8% in the first quarter. FIL Ltd now owns 14,041,935 shares of the utilities provider’s stock worth $623,526,000 after acquiring an additional 1,487,023 shares during the period. Bank of Nova Scotia raised its position in shares of BCE by 17.4% in the second quarter. Bank of Nova Scotia now owns 9,555,045 shares of the utilities provider’s stock worth $432,138,000 after acquiring an additional 1,416,703 shares during the period. Vanguard Group Inc. raised its position in shares of BCE by 4.6% in the second quarter. Vanguard Group Inc. now owns 9,444,677 shares of the utilities provider’s stock worth $429,544,000 after acquiring an additional 415,829 shares during the period. Finally, Great West Life Assurance Co. Can raised its position in shares of BCE by 1.9% in the first quarter. Great West Life Assurance Co. Can now owns 7,931,450 shares of the utilities provider’s stock worth $350,868,000 after acquiring an additional 149,627 shares during the period. 43.85% of the stock is currently owned by institutional investors and hedge funds.
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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