Analysts Expect Cincinnati Bell Inc. (CBB) Will Post Earnings of -$0.21 Per Share

Equities research analysts predict that Cincinnati Bell Inc. (NYSE:CBB) will announce ($0.21) earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Cincinnati Bell’s earnings. The lowest EPS estimate is ($0.23) and the highest is ($0.18). Cincinnati Bell reported earnings per share of ($0.19) during the same quarter last year, which indicates a negative year over year growth rate of 10.5%. The firm is scheduled to report its next quarterly earnings results before the market opens on Wednesday, May 8th.

On average, analysts expect that Cincinnati Bell will report full-year earnings of ($0.55) per share for the current financial year, with EPS estimates ranging from ($0.77) to ($0.14). For the next financial year, analysts forecast that the business will post earnings of ($0.73) per share, with EPS estimates ranging from ($0.77) to ($0.69). Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that that provide coverage for Cincinnati Bell.

Cincinnati Bell (NYSE:CBB) last released its quarterly earnings results on Thursday, February 14th. The utilities provider reported ($0.55) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by ($0.41). The firm had revenue of $399.00 million during the quarter, compared to analyst estimates of $391.49 million. The firm’s revenue was up 32.5% on a year-over-year basis. During the same period in the previous year, the business earned ($0.34) earnings per share.

A number of research firms recently commented on CBB. ValuEngine upgraded Cincinnati Bell from a “sell” rating to a “hold” rating in a research report on Wednesday, March 20th. Morgan Stanley upgraded Cincinnati Bell from an “underweight” rating to an “equal weight” rating and set a $10.00 price objective for the company in a research report on Friday, February 15th.

Shares of NYSE:CBB traded down $0.20 during midday trading on Wednesday, hitting $9.42. 215,816 shares of the stock were exchanged, compared to its average volume of 396,830. The company has a market capitalization of $484.27 million, a PE ratio of -8.49 and a beta of 1.62. Cincinnati Bell has a twelve month low of $6.60 and a twelve month high of $17.60.

Institutional investors have recently bought and sold shares of the stock. Russell Investments Group Ltd. purchased a new stake in Cincinnati Bell during the 3rd quarter worth about $127,000. FMR LLC increased its position in Cincinnati Bell by 3.1% during the 3rd quarter. FMR LLC now owns 827,172 shares of the utilities provider’s stock worth $13,193,000 after purchasing an additional 24,500 shares in the last quarter. MetLife Investment Advisors LLC increased its position in Cincinnati Bell by 55.0% during the 3rd quarter. MetLife Investment Advisors LLC now owns 30,256 shares of the utilities provider’s stock worth $483,000 after purchasing an additional 10,739 shares in the last quarter. Man Group plc grew its holdings in Cincinnati Bell by 4.4% in the 3rd quarter. Man Group plc now owns 463,063 shares of the utilities provider’s stock valued at $7,386,000 after buying an additional 19,400 shares during the period. Finally, Great West Life Assurance Co. Can grew its holdings in Cincinnati Bell by 17.1% in the 3rd quarter. Great West Life Assurance Co. Can now owns 61,546 shares of the utilities provider’s stock valued at $979,000 after buying an additional 9,000 shares during the period. Hedge funds and other institutional investors own 94.41% of the company’s stock.

Cincinnati Bell Company Profile

Cincinnati Bell Inc, together with its subsidiaries, provides diversified telecommunications and technology services to residential and business customers in the United States. It operates in two segments, Entertainment and Communications, and IT Services and Hardware. The Entertainment and Communications segment offers data services, including high-speed Internet access, data transport, and interconnection services, as well as metro-Ethernet products; and voice local services, as well as long distance, digital trunking, switched access, and other value-added services, such as caller identification, voicemail, call waiting, and call return.

See Also: Systematic Risk

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Earnings History and Estimates for Cincinnati Bell (NYSE:CBB)

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