Cincinnati Bell (CBB) to Release Quarterly Earnings on Thursday

Cincinnati Bell (NYSE:CBB) is scheduled to be releasing its earnings data before the market opens on Thursday, November 8th. Analysts expect Cincinnati Bell to post earnings of ($0.32) per share for the quarter.

Cincinnati Bell (NYSE:CBB) last announced its earnings results on Wednesday, August 8th. The utilities provider reported ($0.19) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($0.07). The firm had revenue of $296.80 million for the quarter, compared to analyst estimates of $298.03 million. During the same period last year, the business earned $0.08 EPS. The business’s revenue for the quarter was up 14.4% on a year-over-year basis. On average, analysts expect Cincinnati Bell to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Shares of CBB opened at $14.19 on Thursday. Cincinnati Bell has a fifty-two week low of $9.90 and a fifty-two week high of $22.20. The stock has a market cap of $681.64 million, a PE ratio of -177.38 and a beta of 1.16.

Several brokerages have recently weighed in on CBB. UBS Group downgraded shares of Cincinnati Bell from a “buy” rating to a “hold” rating and set a $18.00 target price for the company. in a research note on Tuesday, July 10th. ValuEngine raised shares of Cincinnati Bell from a “sell” rating to a “hold” rating in a report on Wednesday, July 4th. Finally, Wells Fargo & Co increased their price target on shares of Cincinnati Bell to $15.00 and gave the stock an “outperform” rating in a report on Thursday, September 6th. Three research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $16.33.

In related news, Director Phillip R. Cox sold 14,597 shares of the stock in a transaction dated Thursday, August 16th. The shares were sold at an average price of $12.60, for a total transaction of $183,922.20. Following the completion of the transaction, the director now directly owns 9,216 shares of the company’s stock, valued at $116,121.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.40% 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, such as Fioptics voice lines, voice over Internet protocol, long distance, digital trunking, switched access, caller identification, voicemail, call waiting, and call return.

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Earnings History for Cincinnati Bell (NYSE:CBB)

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