Cincinnati Bell Inc. (NYSE:CBB) – Gabelli lifted their FY2019 EPS estimates for shares of Cincinnati Bell in a research note issued on Tuesday, Zacks Investment Research reports. Gabelli analyst S. Dluzhevskiy now forecasts that the utilities provider will post earnings of $0.35 per share for the year, up from their prior estimate of $0.10. Gabelli also issued estimates for Cincinnati Bell’s FY2020 earnings at $0.45 EPS.
Cincinnati Bell (NYSE:CBB) last posted its quarterly earnings data on Wednesday, February 15th. The utilities provider reported $0.01 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.02 by $0.01. Cincinnati Bell had a negative return on equity of 4.95% and a net margin of 11.43%. The firm earned $285.30 million during the quarter, compared to analysts’ expectations of $304.02 million. During the same period last year, the company earned $0.05 earnings per share. The business’s revenue for the quarter was down 1.4% compared to the same quarter last year.
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Cincinnati Bell (NYSE:CBB) traded up 0.27% during mid-day trading on Thursday, reaching $18.45. 196,798 shares of the company were exchanged. The company has a 50 day moving average of $18.28 and a 200-day moving average of $20.29. Cincinnati Bell has a 1-year low of $16.75 and a 1-year high of $25.65. The company has a market capitalization of $777.26 million, a price-to-earnings ratio of 8.47 and a beta of 1.77.
Large investors have recently made changes to their positions in the company. Princeton Alpha Management LP acquired a new stake in shares of Cincinnati Bell during the third quarter valued at $112,000. Diamond Hill Capital Management Inc. increased its stake in shares of Cincinnati Bell by 7.5% in the third quarter. Diamond Hill Capital Management Inc. now owns 1,343,792 shares of the utilities provider’s stock valued at $5,483,000 after buying an additional 94,289 shares during the last quarter. First Trust Advisors LP increased its stake in shares of Cincinnati Bell by 7.0% in the third quarter. First Trust Advisors LP now owns 393,236 shares of the utilities provider’s stock valued at $1,604,000 after buying an additional 25,599 shares during the last quarter. BlackRock Investment Management LLC increased its stake in shares of Cincinnati Bell by 0.7% in the third quarter. BlackRock Investment Management LLC now owns 965,804 shares of the utilities provider’s stock valued at $3,940,000 after buying an additional 6,652 shares during the last quarter. Finally, SECOR Capital Advisors LP increased its stake in shares of Cincinnati Bell by 8.0% in the third quarter. SECOR Capital Advisors LP now owns 117,210 shares of the utilities provider’s stock valued at $478,000 after buying an additional 8,673 shares during the last quarter.
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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