Steven_Kriemadis/E+ via Getty ImagesOn our last coverage of BCE Inc. (TSX:BCE:CA) we gave it a tentative buy but suggested investors get in some additional buffer via covered calls. As our longtime followers know, we are generally very skeptical of even positive returns from these levels in the indices and hence use buffers in almost all but the most compelling long cases. For BCE, we suggested $55.00 covered calls, which were slightly in the money. Author's App That reduced the cost basis down to $52. ...

Before interest rates come down, you may want to consider loading up on these terrific income stocks.Dividend stocks can be a great source of cash flow for your portfolio. You don't need to settle for stocks that pay just a few percentage points, either. Some fairly safe, high-yielding stocks pay far more than the S&P 500 average of 1.3%.Pfizer (PFE 0.42%), BCE (BCE 1.22%), and AT&T (T 1.13%) could all make for good income investments to add to your portfolio right now, as they all pay more than 5% and are ...

文章核心观点 - 公司第二季度营收和利润同比下降 [1][2] - 公司合并了无线和有线业务部门 [3] - 无线和有线业务部门收入下降,主要受到产品销售下滑影响 [4][5][6] - 后付费移动用户净增加数下降,但预付费移动用户净增加数大幅增加 [7][8] - 媒体业务收入小幅增长,得益于广告收入增长 [9] - 公司整体EBITDA和EBITDA利润率均有所提升 [10][11] - 公司维持了2024年全年财务指引 [13][14] 根据目录分类总结 财务表现 - 第二季度营收同比下降1%,至60.05亿加元 [2] - 第二季度调整后每股收益同比下降1.3%,至0.78加元 [1] - 第二季度EBITDA同比增长2%,至26.97亿加元 [10] - EBITDA利润率提升至44.9% [11] - 经营活动现金流为21.37亿加元,自由现金流为10.97亿加元 [12] 业务表现 - 无线和有线业务(Bell CTS)收入下降1.3%,主要受产品销售下滑影响 [4][6] - 无线和有线业务中,服务收入小幅下降0.1%,产品收入下降8.7% [5][6] - 后付费移动用户净增加数下降29.5%,但预付费移动用户净增加数大幅增加268.5% [7][8] - 媒体业务(Bell Media)收入增长0.9%,得益于广告收入增长 [9] 2024年展望 - 公司维持了2024年全年收入和EBITDA增长指引 [13] - 预计自由现金流增长在-3%至-11%之间 [14]

BCE (BCE) reported $4.39 billion in revenue for the quarter ended June 2024, representing a year-over-year decline of 2.8%. EPS of $0.57 for the same period compares to $0.59 a year ago.The reported revenue represents a surprise of -1.59% over the Zacks Consensus Estimate of $4.46 billion. With the consensus EPS estimate being $0.59, the EPS surprise was -3.39%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations ...

财务数据和关键指标变化 - 总收入下降1%,主要由于低毛利的无线和有线产品销售下降8.7%,包括关闭The Source门店导致的收入损失 [44][48] - 调整后EBITDA增长2%,毛利率提升1.3个百分点,主要得益于3.3%的运营成本降低 [45][51][52] - 净收益增长52%,主要由于去年同期记录了一笔大额非现金亏损 [46] - 自由现金流增长8%,受益于EBITDA增长和资本支出下降 [47][51] 各条业务线数据和关键指标变化 无线业务 - 新增移动电话用户131,043户,同比增长4.4%,主要由于毛激活增加14.4%,以及流失率同比有所放缓 [28][30] - 后付费净增加78,500户,同比有所下降,但大部分新增用户仍集中在主品牌 [30][31] - 预付费净增加52,543户,创近两年最佳季度,体现公司在新移民市场取得重大进展 [32] - ARPU下降1.9%,但6月份有所改善,未来走势仍不确定 [33] 有线业务 - 新增零售宽带用户23,841户,创下自2007年以来第二好的Q2表现 [34][35] - 捆绑移动和宽带的新增用户增长23%,占总家庭用户48% [35] - 有线电视用户净增加3%,但流媒体TV应用用户大幅下降12,800户 [36][37] 媒体业务 - 广告收入增长1.9%,受益于电视体育频道和数字广告的强劲表现 [53][54] - 数字收入增长23%,占总收入41% [38][39] - Crave直播用户增长21%,TSN和RDS直播用户翻倍 [39][40] - CTV连续23年蝉联加拿大收视最高的电视网,Noovo在法语市场增长8% [41] 公司战略和发展方向及行业竞争 - 公司将继续专注于光纤网络优势、高价值无线用户增长、移动和宽带捆绑销售等核心战略 [69][98] - 利用人工智能提升客户体验并降低成本,如自助维修工具、智能客服助手等 [22][23][24][25] - 通过收购Stratejm和CloudKettle等公司,加强企业云计算、安全和自动化服务能力 [19][20] - 与ServiceNow建立战略合作,提升内部运营效率并为企业客户提供数字化转型解决方案 [20][21] - 出售Northwestel业务,聚焦核心主营业务,并利用出售所得偿还债务 [26] 管理层对经营环境和未来前景的评论 - 面临有史以来最激烈的无线价格竞争,但通过调整定价策略、提升用户质量等措施来平衡增长和盈利 [12][31][33][71] - 有线业务方面,光纤网络优势持续发挥作用,但价格竞争压力仍存在,需要根据市场环境灵活调整 [69][71][74] - 媒体业务广告市场复苏仍不平衡,但数字和直播业务保持强劲增长 [37][53][54] - 总体而言,公司将继续保持执行纪律,专注于提升效率和平衡增长与盈利 [7][42][60][61] 其他重要信息 - 资产负债表稳健,流动性充足,平均债务期限约13年,税后平均债务成本3.2% [56][57][58] - 计划未来几年将资本支出强度降至15%以下,同时继续投资于核心战略领域 [109][110] - 维持2024年全年财务指引目标,有信心实现 [60][61] 问答环节重要的提问和回答 问题1 **Maher Yaghi 提问** 光纤网络部署初期预期的宽带ARPU为90-100美元,现在只有55-60美元,这种定价环境下光纤投资是否仍有正的净现值 [65][66][67] **Mirko Bibic 回答** - 光纤仍是有线业务的增长引擎,是公司的核心战略 [69] - 尽管价格竞争激烈,但通过更好的客户细分和捆绑销售,仍能提升客户终身价值 [70][71] - 公司会根据市场环境灵活调整,包括适当放缓光纤部署速度 [73][74] 问题2 **Stephanie Price 提问** ServiceNow和人工智能自动化的相关举措是否包含在原有的成本节约计划中,还是属于额外的节约空间 [76] **Mirko Bibic 和 Curtis Millen 回答** - ServiceNow和人工智能将进一步提升内部运营效率并为客户提供解决方案,是对原有成本节约计划的补充 [77][78][79][80][81] - 公司仍有信心实现之前披露的150-200百万加元的年度成本节约目标 [81] 问题3 **David Barden 提问** 对于无线ARPU的展望,公司是否有乐观和悲观的情况分析 [93][94] **Mirko Bibic 回答** - 面临有史以来最激烈的价格竞争,但公司已在7月初采取措施调整定价以保持可持续,同时继续为客户提供优质服务 [94][95] - 公司将继续专注于光纤、高价值无线用户、捆绑销售等核心战略,并利用人工智能提升客户体验和降低成本 [96][97][98]

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

BCE (BCE) came out with quarterly earnings of $0.57 per share, missing the Zacks Consensus Estimate of $0.59 per share. This compares to earnings of $0.59 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -3.39%. A quarter ago, it was expected that this Canada's largest telecommunications company would post earnings of $0.53 per share when it actually produced earnings of $0.53, delivering no surprise.Over the last four quarters ...

BCE Inc. (BCE) has made a transformative shift from being a traditional telecommunications provider to a technology service provider by acquiring CloudKettle, an innovative cloud solutions provider, and Stratejm — a leading cybersecurity solutions provider.Bell offers Canada's highly regulated and targeted network security services for clients like governments and banks. Their cost-effective and fully managed solution combines expertise and leading technology to detect and respond to sophisticated attacks p ...

BCE Inc (BCE) recently announced that it has received notice of an unsolicited mini-tender offer from TRC Capital Investment Corporation (TRC Capital) to buy up to 2,500,000 BCE common shares, representing roughly 0.3% of the company's outstanding shares.The offer price of C$43.40 per share is significantly below the current market price, suggesting a discount of around 4.43% and 4.44% to the closing prices on the Toronto Stock Exchange and the New York Stock Exchange, respectively, on Jun 24, 2024 — the la ...

TORONTO, July 02, 2024 (GLOBE NEWSWIRE) -- Beanfield, a local and independent telecom in Toronto, Montreal, Vancouver and Ottawa, with over 450 employees, has appointed Rizwan Jamal as its Chief Executive Officer effective immediately. David Pistachio, Chair of Beanfield's Board, said, "We are thrilled to have a telecom leader of Rizwan's experience join the Beanfield team. Our belief in this company and its bright future continues to grow. We are confident that Rizwan's vision and track record is exactly w ...