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.

A number of analysts have recently commented on the company. Morgan Stanley started coverage on Cincinnati Bell in a research report on Thursday, November 30th. They issued an “equal weight” rating and a $24.00 price objective for the company. ValuEngine upgraded Cincinnati Bell from a “sell” rating to a “hold” rating in a research report on Thursday, November 2nd.

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.

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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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Earnings History and Estimates for Cincinnati Bell (NYSE:CBB)

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