Cincinnati Bell Inc (CBB) Set to Announce Quarterly Earnings on Thursday
Cincinnati Bell Inc (NYSE:CBB) is scheduled to be announcing its earnings results before the market opens on Thursday, November 2nd. Analysts expect the company to announce earnings of $0.02 per share for the quarter.
Cincinnati Bell (NYSE:CBB) last issued its quarterly earnings data on Friday, August 4th. The utilities provider reported $0.07 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.07. The company had revenue of $294.00 million for the quarter, compared to the consensus estimate of $284.28 million. Cincinnati Bell had a net margin of 6.84% and a negative return on equity of 3.87%. The firm’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.04 earnings per share. On average, analysts expect Cincinnati Bell to post $1.31 EPS for the current fiscal year and $0.06 EPS for the next fiscal year.
Cincinnati Bell Inc (CBB) opened at 19.10 on Wednesday. The company has a market cap of $805.54 million, a P/E ratio of 11.65 and a beta of 1.52. Cincinnati Bell Inc has a 12 month low of $16.05 and a 12 month high of $24.45. The company’s 50-day moving average is $19.97 and its 200-day moving average is $19.10.
CBB has been the topic of several research analyst reports. ValuEngine raised shares of Cincinnati Bell from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. BidaskClub raised shares of Cincinnati Bell from a “sell” rating to a “hold” rating in a research report on Wednesday, July 19th. Finally, Gabelli downgraded shares of Cincinnati Bell from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. Cincinnati Bell presently has an average rating of “Hold” and a consensus target price of $23.50.
About Cincinnati Bell
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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