Cincinnati Bell Inc (CBB) to Release Earnings on Thursday
Cincinnati Bell Inc (NYSE:CBB) is scheduled to be releasing its earnings data before the market opens on Thursday, November 2nd. Analysts expect Cincinnati Bell to post earnings of $0.02 per share for the quarter.
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, meeting analysts’ consensus estimates of $0.07. The firm had revenue of $294.00 million during the quarter, compared to analysts’ expectations of $284.28 million. Cincinnati Bell had a negative return on equity of 3.87% and a net margin of 6.84%. The business’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.04 earnings per share. On average, analysts expect Cincinnati Bell to post $1.31 EPS for the current fiscal year and $0.06 EPS for the next fiscal year.
Shares of Cincinnati Bell Inc (CBB) opened at 19.50 on Thursday. Cincinnati Bell Inc has a 52-week low of $16.05 and a 52-week high of $24.45. The company’s 50-day moving average price is $20.00 and its 200-day moving average price is $19.05. The firm has a market cap of $822.41 million, a PE ratio of 11.89 and a beta of 1.51.
Several analysts have commented on CBB shares. ValuEngine raised shares of Cincinnati Bell from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. BidaskClub raised shares of Cincinnati Bell from a “sell” rating to a “hold” rating in a research report on Wednesday, July 19th. Finally, Gabelli lowered shares of Cincinnati Bell from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. 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 company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $23.50.
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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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