Cincinnati Bell Inc (CBB) Expected to Announce Quarterly Sales of $479.17 Million
Wall Street analysts expect Cincinnati Bell Inc (NYSE:CBB) to post $479.17 million in sales for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Cincinnati Bell’s earnings. The highest sales estimate is $485.00 million and the lowest is $474.19 million. Cincinnati Bell posted sales of $285.30 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 68%. The business is expected to report its next quarterly earnings results on Wednesday, February 21st.
According to Zacks, analysts expect that Cincinnati Bell will report full year sales of $479.17 million for the current financial year, with estimates ranging from $1.34 billion to $1.35 billion. For the next year, analysts anticipate that the company will post sales of $1.94 billion per share, with estimates ranging from $1.88 billion to $2.00 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that that provide coverage for Cincinnati Bell.
Cincinnati Bell (NYSE:CBB) last posted its earnings results on Thursday, November 2nd. The utilities provider reported $0.03 EPS for the quarter, topping the consensus estimate of ($0.02) by $0.05. The firm had revenue of $289.20 million for the quarter, compared to analyst estimates of $286.22 million. Cincinnati Bell had a negative return on equity of 2.69% and a net margin of 4.13%. Cincinnati Bell’s revenue for the quarter was down 7.4% compared to the same quarter last year. During the same period last year, the company earned $0.38 earnings per share.
Hedge funds and other institutional investors have recently modified their holdings of the company. Chicago Equity Partners LLC acquired a new stake in shares of Cincinnati Bell in the second quarter valued at $1,038,000. Aperio Group LLC grew its stake in shares of Cincinnati Bell by 49.3% in the second quarter. Aperio Group LLC now owns 19,457 shares of the utilities provider’s stock valued at $380,000 after buying an additional 6,425 shares in the last quarter. Legal & General Group Plc grew its stake in shares of Cincinnati Bell by 16.8% in the second quarter. Legal & General Group Plc now owns 88,599 shares of the utilities provider’s stock valued at $1,732,000 after buying an additional 12,763 shares in the last quarter. Menta Capital LLC acquired a new stake in shares of Cincinnati Bell in the second quarter valued at $1,166,000. Finally, Citadel Advisors LLC grew its stake in shares of Cincinnati Bell by 89.8% in the second quarter. Citadel Advisors LLC now owns 21,432 shares of the utilities provider’s stock valued at $419,000 after buying an additional 10,139 shares in the last quarter. 84.22% of the stock is owned by institutional investors and hedge funds.
Cincinnati Bell (NYSE:CBB) opened at $21.45 on Monday. The stock has a market capitalization of $904.89, a P/E ratio of 214.50, a price-to-earnings-growth ratio of 6.35 and a beta of 1.52. Cincinnati Bell has a 1 year low of $16.05 and a 1 year high of $24.45. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of -4.26.
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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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