Brokerages expect Cincinnati Bell Inc (NYSE:CBB) to post earnings per share (EPS) of $0.09 for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Cincinnati Bell’s earnings. The lowest EPS estimate is $0.04 and the highest is $0.16. Cincinnati Bell reported earnings per share of $0.01 during the same quarter last year, which indicates a positive year over year growth rate of 800%. The firm is scheduled to announce its next earnings results on Wednesday, February 21st.

On average, analysts expect that Cincinnati Bell will report full-year earnings of $1.13 per share for the current fiscal year, with EPS estimates ranging from $1.08 to $1.19. For the next fiscal year, analysts anticipate that the firm will post earnings of $0.54 per share, with EPS estimates ranging from $0.27 to $0.84. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that follow Cincinnati Bell.

Cincinnati Bell (NYSE:CBB) last posted its quarterly earnings results on Thursday, November 2nd. The utilities provider reported $0.03 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.02) by $0.05. The business had revenue of $289.20 million for the quarter, compared to the consensus estimate of $286.22 million. Cincinnati Bell had a negative return on equity of 2.69% and a net margin of 4.13%. The company’s quarterly revenue was down 7.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.38 EPS.

A number of equities analysts recently weighed in on the company. Morgan Stanley began coverage on Cincinnati Bell in a report on Thursday. They issued an “equal weight” rating and a $24.00 price target for the company. ValuEngine upgraded Cincinnati Bell from a “sell” rating to a “hold” rating in a research report on Thursday, November 2nd. BidaskClub lowered Cincinnati Bell from a “buy” rating to a “hold” rating in a research report on Saturday, August 19th. Finally, Gabelli lowered Cincinnati Bell from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. Three analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. Cincinnati Bell presently has a consensus rating of “Hold” and an average price target of $24.00.

Shares of Cincinnati Bell (NYSE:CBB) traded down $0.25 during mid-day trading on Friday, hitting $21.45. The stock had a trading volume of 246,564 shares, compared to its average volume of 267,736. The firm has a market cap of $894.45, a PE ratio of 217.00, a PEG ratio of 6.42 and a beta of 1.47. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of -4.26. Cincinnati Bell has a fifty-two week low of $16.05 and a fifty-two week high of $24.45.

Large investors have recently added to or reduced their stakes in the business. Pinebridge Investments L.P. lifted its stake in Cincinnati Bell by 1.0% during the second quarter. Pinebridge Investments L.P. now owns 5,551 shares of the utilities provider’s stock worth $108,000 after purchasing an additional 55 shares in the last quarter. Public Employees Retirement System of Ohio raised its stake in shares of Cincinnati Bell by 10.3% in the second quarter. Public Employees Retirement System of Ohio now owns 6,511 shares of the utilities provider’s stock valued at $127,000 after acquiring an additional 606 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Cincinnati Bell in the third quarter valued at $136,000. State of Alaska Department of Revenue raised its stake in shares of Cincinnati Bell by 78.8% in the second quarter. State of Alaska Department of Revenue now owns 8,316 shares of the utilities provider’s stock valued at $162,000 after acquiring an additional 3,666 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan raised its stake in shares of Cincinnati Bell by 4.1% in the second quarter. Municipal Employees Retirement System of Michigan now owns 9,950 shares of the utilities provider’s stock valued at $195,000 after acquiring an additional 390 shares in the last quarter. Institutional investors own 84.22% of the company’s stock.

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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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