Equities research analysts predict that Cincinnati Bell Inc. (NYSE:CBB) will post sales of $473.16 million for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for Cincinnati Bell’s earnings, with the lowest sales estimate coming in at $455.10 million and the highest estimate coming in at $485.00 million. Cincinnati Bell reported sales of $285.30 million in the same quarter last year, which indicates a positive year over year growth rate of 65.8%. The business is expected to announce its next earnings report on Wednesday, February 21st.
On average, analysts expect that Cincinnati Bell will report full year sales of $473.16 million for the current year, with estimates ranging from $1.31 billion to $1.35 billion. For the next fiscal year, analysts anticipate that the business will post sales of $1.87 billion per share, with estimates ranging from $1.75 billion to $2.00 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that follow Cincinnati Bell.
Cincinnati Bell (NYSE:CBB) last posted its quarterly earnings data on Thursday, November 2nd. The utilities provider reported $0.03 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.02) by $0.05. The business had revenue of $289.20 million during the quarter, compared to analysts’ expectations of $286.22 million. Cincinnati Bell had a negative return on equity of 2.69% and a net margin of 4.13%. The business’s revenue was down 7.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.38 earnings per share.
Institutional investors and hedge funds have recently modified their holdings of the stock. Pinebridge Investments L.P. increased its position in shares of Cincinnati Bell by 1.0% during the second quarter. Pinebridge Investments L.P. now owns 5,551 shares of the utilities provider’s stock worth $108,000 after purchasing an additional 55 shares in the last quarter. Public Employees Retirement System of Ohio increased its position in shares of Cincinnati Bell by 10.3% during the second quarter. Public Employees Retirement System of Ohio now owns 6,511 shares of the utilities provider’s stock worth $127,000 after purchasing an additional 606 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of Cincinnati Bell during the third quarter worth approximately $136,000. BNP Paribas Arbitrage SA increased its position in shares of Cincinnati Bell by 41.5% during the second quarter. BNP Paribas Arbitrage SA now owns 12,883 shares of the utilities provider’s stock worth $252,000 after purchasing an additional 3,779 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan increased its position in shares of Cincinnati Bell by 58.9% during the third quarter. Municipal Employees Retirement System of Michigan now owns 15,810 shares of the utilities provider’s stock worth $314,000 after purchasing an additional 5,860 shares in the last quarter. Hedge funds and other institutional investors own 83.54% of the company’s stock.
Cincinnati Bell (CBB) traded up $0.30 during trading on Monday, hitting $18.50. The stock had a trading volume of 284,300 shares, compared to its average volume of 329,700. The stock has a market capitalization of $767.78, a PE ratio of 19.89, a PEG ratio of 21.54 and a beta of 1.52. Cincinnati Bell has a 1-year low of $16.05 and a 1-year high of $23.32. The company has a debt-to-equity ratio of -4.26, a current ratio of 1.02 and a quick ratio of 0.94.
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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