Profile
Sector:
Communication ServicesIndustry:
Telecom ServicesCountry:
CanadaIPO:
15 November 1982Website:
http://www.bce.caNext earnings report:
07 February 2025Last dividends:
16 September 2024Next dividends:
16 December 2024Price
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BCE Latest News
BCE's Q3 2024 performance is affected by a 14.3% drop in product revenues amid steady growth in the Bell Media unit.
BCE (BCE) came out with quarterly earnings of $0.55 per share, missing the Zacks Consensus Estimate of $0.57 per share. This compares to earnings of $0.60 per share a year ago.
BCE Inc. (NYSE:BCE ) Q3 2024 Earnings Conference Call November 7, 2024 8:00 AM ET Company Participants Thane Fotopoulos - Investor Relations Mirko Bibic - President and CEO Curtis Millen - Chief Financial Officer Conference Call Participants Sebastiano Petti - JPMorgan Vince Valentini - TD Securities Drew McReynolds - RBC Capital Markets Maher Yaghi - Scotia Bank Simon Flannery - Morgan Stanley Aravinda Galappatthige - Canaccord Genuity Jerome Dubreuil - Desjardins Securities Batya Levi - UBS Lauren Bonham - Barclays Operator Good morning, ladies and gentlemen. Welcome to the BCE Q3 2024 Results Conference Call.
BCE offers an attractive dividend yield nearing 10%, but its sustainability is questionable due to high debt. BCE's balance sheet is heavily leveraged due to 5G network investments and funding its dividend, raising concerns about future financial stability. Its recently announced deal to buy Ziply could be a long-term positive, but at the expense of near-term free cash flow.
This news release contains forward-looking statements. For a description of the related risk factors and assumptions, please see the section entitled "Caution Regarding Forward-Looking Statements" later in this release.
BCE (BCE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
BCE has underperformed, down 14% this past year and nearly 35% in the last three, despite high dividend yields of 8.84%. Regulatory pressures and increased debt levels have raised concerns about dividend cuts, but payments have remained stable. Recent macroeconomic changes and strategic pivots suggest BCE is undervalued and can sustain dividends into 2025.
These stocks have yields between 5.9% and 8.5%.
MONTRÉAL, Oct. 3, 2024 /PRNewswire/ - BCE Inc. (TSX: BCE) (NYSE: BCE) will hold its third-quarter 2024 results conference call with the financial community on Thursday, November 7, 2024 at 8:00 am eastern. Participants will include Mirko Bibic, President and Chief Executive Officer, and Curtis Millen, Chief Financial Officer.
BCE's subsidiary BELL and MacLean forge a partnership to revolutionize mining with advanced technology and foster sustainability.
What type of business is BCE?
BCE Inc., a communications company, provides wireless, wireline, Internet, and television (TV) services to residential, business, and wholesale customers in Canada. The company operates through two segments, Bell Communication and Technology Services, and Bell Media. The Bell Communication and Technology Services segment provides wireless products and services including mobile data and voice plans and devices; wireline products and services comprising data, including internet access, internet protocol television, cloud-based services, and business solutions, as well as voice, and other communication services and products; and satellite TV and connectivity services for residential, small and medium-sized business, government, and large enterprise customers. This segment also buys and sells local telephone, long distance, and data and other services from or to resellers and other carriers; and operates consumer electronics retail stores. The Bell Media segment provides conventional TV, specialty TV, pay TV, streaming services, digital media services, radio broadcasting services, and out-of-home advertising services. BCE Inc. was founded in 1880 and is headquartered in Verdun, Canada.
What sector is BCE in?
BCE is in the Communication Services sector
What industry is BCE in?
BCE is in the Telecom Services industry
What country is BCE from?
BCE is headquartered in Canada
When did BCE go public?
BCE initial public offering (IPO) was on 15 November 1982
What is BCE website?
https://www.bce.ca
Is BCE in the S&P 500?
No, BCE is not included in the S&P 500 index
Is BCE in the NASDAQ 100?
No, BCE is not included in the NASDAQ 100 index
Is BCE in the Dow Jones?
No, BCE is not included in the Dow Jones index
When was BCE the previous earnings report?
No data
When does BCE earnings report?
The next expected earnings date for BCE is 07 February 2025