Equities analysts predict that Cincinnati Bell Inc. (NYSE:CBB) will announce earnings per share (EPS) of $0.04 for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Cincinnati Bell’s earnings, with the lowest EPS estimate coming in at ($0.11) and the highest estimate coming in at $0.16. Cincinnati Bell reported earnings per share of $0.01 in the same quarter last year, which would indicate a positive year over year growth rate of 300%. The business is expected to report its next earnings report on Wednesday, February 21st.
According to Zacks, analysts expect that Cincinnati Bell will report full-year earnings of $1.09 per share for the current year, with EPS estimates ranging from $0.93 to $1.19. For the next fiscal year, analysts anticipate that the company will report earnings of $0.36 per share, with EPS estimates ranging from $0.06 to $0.84. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that that provide coverage for Cincinnati Bell.
Cincinnati Bell (NYSE:CBB) last posted its earnings results on Thursday, November 2nd. The utilities provider reported $0.03 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.02) by $0.05. Cincinnati Bell had a net margin of 4.13% and a negative return on equity of 2.69%. The company had revenue of $289.20 million during the quarter, compared to analysts’ expectations of $286.22 million. During the same quarter in the prior year, the company posted $0.38 earnings per share. Cincinnati Bell’s revenue for the quarter was down 7.4% compared to the same quarter last year.
A number of research analysts have issued reports on the stock. Morgan Stanley assumed coverage on shares of Cincinnati Bell in a report on Thursday, November 30th. They issued an “equal weight” rating and a $24.00 price target for the company. ValuEngine raised shares of Cincinnati Bell from a “sell” rating to a “hold” rating in a report on Thursday, November 2nd.
Shares of Cincinnati Bell (NYSE:CBB) opened at $18.20 on Friday. Cincinnati Bell has a 52-week low of $16.05 and a 52-week high of $23.85. The company has a debt-to-equity ratio of -4.26, a quick ratio of 0.94 and a current ratio of 1.02. The company has a market cap of $847.93, a P/E ratio of 19.36, a P/E/G ratio of 23.79 and a beta of 1.52.
Several hedge funds and other institutional investors have recently bought and sold shares of CBB. Fondren Management LP purchased a new position in shares of Cincinnati Bell in the second quarter worth $2,346,000. Numeric Investors LLC increased its stake in shares of Cincinnati Bell by 45.4% in the second quarter. Numeric Investors LLC now owns 288,320 shares of the utilities provider’s stock worth $5,637,000 after acquiring an additional 90,000 shares during the period. Parametric Portfolio Associates LLC increased its stake in shares of Cincinnati Bell by 55.1% in the second quarter. Parametric Portfolio Associates LLC now owns 211,538 shares of the utilities provider’s stock worth $4,136,000 after acquiring an additional 75,169 shares during the period. Piermont Capital Management Inc. acquired a new stake in shares of Cincinnati Bell in the second quarter worth $1,292,000. Finally, Dimensional Fund Advisors LP increased its stake in shares of Cincinnati Bell by 4.1% in the second quarter. Dimensional Fund Advisors LP now owns 1,597,132 shares of the utilities provider’s stock worth $31,224,000 after acquiring an additional 62,600 shares during the period. 83.54% of the stock is owned by institutional investors and hedge funds.
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Cincinnati Bell Company Profile
Cincinnati Bell Inc, along with its subsidiaries, provides diversified telecommunications and technology services. The Company operates through two segments: Entertainment and Communications, and IT Services and Hardware. Through its Entertainment and Communications segment, the Company provides high-speed data, video and voice solutions to consumers and businesses over fiber network and a legacy copper network.
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