Stock Monitor: Altice USA Post Earnings Reporting
LONDON, UK / ACCESSWIRE / March 09, 2018 / Active-Investors.com has just released a free earnings report on BCE Inc. (NYSE: BCE). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/'symbol=BCE. The Company posted its fourth quarter fiscal 2017 (Q4 FY17) and full fiscal year 2017 (FY17) financial results on February 08, 2018. The Montreal, Canada-based Company's total operating revenues grew 4.5% y-o-y in Q4 FY17. Register today and get access to over 1000 Free Research Reports by joining our site below:
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Active-Investors.com is currently working on the research report for Altice USA, Inc. (NYSE: ATUS), which also belongs to the Technology sector as the Company BCE Inc. Do not miss out and become a member today for free to access this upcoming report at:
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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, BCE most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:
www.active-investors.com/registration-sg/'symbol=BCE
Earnings Highlights and Summary
BCE reported revenues of $5.96 billion in Q4 FY17, which were above the $5.70 billion recorded in the prior year's same quarter. The Company's service revenues grew 5.1% in Q4 FY17 to $5.44 billion from $5.17 billion in Q4 FY16. Meanwhile, the Company's product revenues decreased to $523 million in Q4 FY17 from $533 million in Q4 FY16.
For Q4 FY17, BCE's net earnings came in at $617 million, or $0.63 per diluted share, compared to $699 million, or $0.75 per diluted share, in Q4 FY16. The Company's adjusted net earnings stood at $684 million, or $0.76 per diluted share, in Q4 FY17 compared to $667 million, or $0.76 per diluted share, in Q4 FY16. For the reported quarter, analysts were expecting the Company to report a net income of $0.75 per diluted share.
For the full fiscal year ended December 31, 2017, the Company reported total operating revenues of $22.72 billion, up from $21.72 billion in FY16. BCE's net earnings came in at $2.97 billion, or $3.12 per diluted share, in FY17 compared to $3.09 billion, or $3.33 per diluted share, in FY16. Additionally, the Company's adjusted net earnings were $3.03 billion, or $3.39 per diluted share, during FY17 versus $3.01 billion, or $3.46 per diluted share, in the year ago.
Operating Metrics
The telecommunications Company's operating costs grew to $3.68 billion in Q4 FY17 from $3.52 billion in Q4 FY16. Furthermore, the Company's adjusted earnings before interest, tax, depreciation, and amortization (EBITDA) came in at $2.22 billion, or 37.2% of operating revenues, in Q4 FY17, up from $2.12 billion, or 37.2% of operating revenues, in the last year's comparable quarter.
Segment Results
In Q4 FY17, BCE's Bell Wireless segment's operating revenues grew 9.9% to $2.07 billion y-o-y from $1.88 billion in Q4 FY16. During Q4 FY17, the segment's adjusted EBITDA improved to $736 million, or 35.6% of segment revenues, from $674 million, or 35.8% of segment revenues, in Q4 FY16.
BCE's Bell Wireline segment's revenues were up 2.7% to $3.22 billion y-o-y in Q4 FY17 from $3.14 billion in Q4 FY16. For Q4 FY17, the segment's adjusted EBITDA came in at $1.31 billion, or 40.7% of segment revenues, compared to $1.26 billion, or 40.1% of segment revenues, in the year ago corresponding period.
BCE's Bell Media segment's revenues fell 1.3% to $834 million in Q4 FY17 from $845 million in Q4 FY16. Furthermore, the segment's adjusted EBITDA came in at $171 million, or 20.5% of segment revenues, in Q4 FY17 compared to $188 million, or 22.2% of segment revenues, in Q4 FY16.
Cash Matters and Balance Sheet
The Company's cash flow from operations rose to $1.66 billion in Q4 FY17 from $1.52 billion in Q4 FY16. The Company's free cash flow was $652 million in Q4 FY17 compared to $923 million in the last year's same quarter.
BCE had cash and cash equivalents worth $625 million at the close of its books on December 31, 2017, compared to $853 million as on December 31, 2016. During FY17, the Company's long-term liabilities increased and stood at $18.22 billion as on December 31, 2017, from $16.57 billion as on December 31, 2016.
Dividend
In its earnings press release, BCE's Board of Directors hiked the annualized common share dividend by 5.2%, or 15 cents per share, from $2.87 to $3.02 per year. The Board also declared a quarterly dividend of $0.755 per common share, payable on April 15, 2018, to shareholders of record at the close of business on March 15, 2018.
Stock Performance Snapshot
March 08, 2018 - At Thursday's closing bell, BCE's stock slightly rose 0.66%, ending the trading session at $44.19.
Volume traded for the day: 1.25 million shares, which was above the 3-month average volume of 920.65 thousand shares.
Stock performance in the past twelve-month period - up 3.08%
After yesterday's close, BCE's market cap was at $39.76 billion.
Price to Earnings (P/E) ratio was at 17.56.
The stock has a dividend yield of 5.43%.
The stock is part of the Technology sector, categorized under the Telecom Services - Domestic industry. This sector was up 0.5% at the end of the session.
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