Equities analysts expect Cincinnati Bell Inc (NYSE:CBB) to report earnings per share (EPS) of $0.02 for the current quarter, Zacks reports. Four analysts have made estimates for Cincinnati Bell’s earnings. The lowest EPS estimate is ($0.04) and the highest is $0.06. Cincinnati Bell reported earnings of $0.05 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 60%. The firm is scheduled to issue its next quarterly earnings report on Wednesday, November 1st.

On average, analysts expect that Cincinnati Bell will report full-year earnings of $1.36 per share for the current fiscal year, with EPS estimates ranging from $1.29 to $1.42. For the next fiscal year, analysts forecast that the company will report earnings of $0.19 per share, with EPS estimates ranging from $0.04 to $0.44. Zacks’ EPS calculations are an average based on a survey of research analysts that cover Cincinnati Bell.

Cincinnati Bell (NYSE:CBB) last released its quarterly earnings data on Friday, August 4th. The utilities provider reported $0.07 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.07. The business had revenue of $294.00 million during the quarter, compared to analysts’ expectations of $284.28 million. Cincinnati Bell had a net margin of 6.84% and a negative return on equity of 3.87%. The company’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.04 EPS.

Several brokerages have recently weighed in on CBB. BidaskClub downgraded shares of Cincinnati Bell from a “buy” rating to a “hold” rating in a research note on Saturday, August 19th. Gabelli downgraded shares of Cincinnati Bell from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. ValuEngine upgraded shares of Cincinnati Bell from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $22.00 price objective (down from $25.00) on shares of Cincinnati Bell in a research note on Wednesday, June 14th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $23.50.

Cincinnati Bell (CBB) traded down 0.47% during midday trading on Thursday, hitting $21.40. 342,393 shares of the stock traded hands. The company has a market cap of $902.55 million, a PE ratio of 13.05 and a beta of 1.51. The company’s 50-day moving average is $20.35 and its 200-day moving average is $18.83. Cincinnati Bell has a one year low of $16.05 and a one year high of $24.45.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Chicago Equity Partners LLC bought a new position in Cincinnati Bell during the 2nd quarter valued at $1,038,000. Aperio Group LLC boosted its stake in Cincinnati Bell by 49.3% during the 2nd quarter. Aperio Group LLC now owns 19,457 shares of the utilities provider’s stock valued at $380,000 after acquiring an additional 6,425 shares during the last quarter. Legal & General Group Plc boosted its stake in Cincinnati Bell by 16.8% during the 2nd quarter. Legal & General Group Plc now owns 88,599 shares of the utilities provider’s stock valued at $1,732,000 after acquiring an additional 12,763 shares during the last quarter. First Trust Advisors LP bought a new position in Cincinnati Bell during the 1st quarter valued at $777,000. Finally, Ameriprise Financial Inc. boosted its stake in Cincinnati Bell by 6.4% during the 1st quarter. Ameriprise Financial Inc. now owns 232,924 shares of the utilities provider’s stock valued at $4,123,000 after acquiring an additional 13,983 shares during the last quarter. Hedge funds and other institutional investors own 85.21% of the company’s stock.

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Cincinnati Bell Company Profile

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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