Cincinnati Bell (NYSE:CBB) issued its earnings results on Thursday. The utilities provider reported ($0.18) EPS for the quarter, missing the Zacks’ consensus estimate of $0.06 by ($0.24), Bloomberg Earnings reports. The company had revenue of $427.10 million for the quarter, compared to analysts’ expectations of $462.31 million. Cincinnati Bell had a negative return on equity of 2.69% and a net margin of 4.13%. The business’s revenue was up 49.7% compared to the same quarter last year. During the same period last year, the business posted $0.01 earnings per share.
Cincinnati Bell (CBB) opened at $15.15 on Friday. The company has a market cap of $639.11, a P/E ratio of 16.12, a PEG ratio of 41.39 and a beta of 1.45. Cincinnati Bell has a 1 year low of $14.00 and a 1 year high of $22.20. The company has a debt-to-equity ratio of -4.26, a quick ratio of 0.94 and a current ratio of 1.02.
A number of equities analysts have recently commented on the stock. Morgan Stanley assumed coverage on shares of Cincinnati Bell in a research report on Thursday, November 30th. They set an “equal weight” rating and a $24.00 target price on the stock. ValuEngine lowered shares of Cincinnati Bell from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd.
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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