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.

Several research firms have recently weighed in on CBB. Gabelli downgraded Cincinnati Bell from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. BidaskClub cut Cincinnati Bell from a “buy” rating to a “hold” rating in a research note on Saturday, August 19th. Morgan Stanley began coverage on Cincinnati Bell in a research note on Thursday. They set an “equal weight” rating and a $24.00 target price for the company. Finally, ValuEngine raised Cincinnati Bell from a “sell” rating to a “hold” rating in a research note on Thursday, November 2nd. Three equities research analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $24.00.

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.

WARNING: This piece was originally posted by American Banking News and is owned by of American Banking News. If you are accessing this piece on another site, it was stolen and republished in violation of international copyright & trademark laws. The legal version of this piece can be viewed at https://www.americanbankingnews.com/2017/12/04/cincinnati-bell-inc-cbb-expected-to-announce-quarterly-sales-of-479-17-million.html.

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.

Get a free copy of the Zacks research report on Cincinnati Bell (CBB)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Cincinnati Bell Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cincinnati Bell Inc and related companies with MarketBeat.com's FREE daily email newsletter.