Brokerages expect that Cincinnati Bell Inc (NYSE:CBB) will report $0.09 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Cincinnati Bell’s earnings, with the lowest EPS estimate coming in at $0.04 and the highest estimate coming in at $0.16. Cincinnati Bell posted earnings of $0.01 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 800%. The firm is scheduled to announce its next quarterly earnings report on Wednesday, February 21st.
According to Zacks, analysts expect that Cincinnati Bell will report full year earnings of $1.13 per share for the current financial year, with EPS estimates ranging from $1.08 to $1.19. For the next fiscal year, analysts forecast that the company will report earnings of $0.56 per share, with EPS estimates ranging from $0.27 to $0.84. Zacks’ EPS calculations are a mean average based on a survey of analysts that that provide coverage for 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 (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.05. Cincinnati Bell had a negative return on equity of 2.69% and a net margin of 4.13%. The business had revenue of $289.20 million for the quarter, compared to the consensus estimate of $286.22 million. During the same quarter in the prior year, the company earned $0.38 EPS. The business’s revenue was down 7.4% compared to the same quarter last year.
A number of research firms have recently issued reports on CBB. BidaskClub downgraded Cincinnati Bell from a “buy” rating to a “hold” rating in a research report on Saturday, August 19th. ValuEngine raised Cincinnati Bell from a “sell” rating to a “hold” rating in a research report on Thursday, November 2nd. Finally, Gabelli downgraded Cincinnati Bell from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. Cincinnati Bell has an average rating of “Hold” and a consensus target price of $23.50.
A number of hedge funds have recently modified their holdings of the stock. Pinebridge Investments L.P. boosted its position 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 valued at $108,000 after purchasing an additional 55 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. raised its stake in Cincinnati Bell by 0.5% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 19,134 shares of the utilities provider’s stock valued at $374,000 after buying an additional 100 shares during the last quarter. Texas Permanent School Fund raised its stake in Cincinnati Bell by 0.9% in the second quarter. Texas Permanent School Fund now owns 30,762 shares of the utilities provider’s stock valued at $601,000 after buying an additional 260 shares during the last quarter. Municipal Employees Retirement System of Michigan raised its stake in 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 buying an additional 390 shares during the last quarter. Finally, Legal & General Group Plc raised its stake in Cincinnati Bell by 0.7% in the first quarter. Legal & General Group Plc now owns 75,836 shares of the utilities provider’s stock valued at $1,343,000 after buying an additional 516 shares during the last quarter. 83.81% of the stock is currently owned by institutional investors.
Cincinnati Bell (NYSE:CBB) traded down $0.10 on Tuesday, hitting $19.35. The stock had a trading volume of 324,800 shares, compared to its average volume of 325,301. Cincinnati Bell has a fifty-two week low of $16.05 and a fifty-two week high of $24.45. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of -4.26. The company has a market cap of $799.42, a P/E ratio of 194.50, a price-to-earnings-growth ratio of 5.75 and a beta of 1.47.
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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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