Equities research analysts expect Cincinnati Bell Inc. (NYSE:CBB) to post ($0.11) earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Cincinnati Bell’s earnings, with estimates ranging from ($0.16) to ($0.04). Cincinnati Bell reported earnings per share of ($0.01) in the same quarter last year, which would indicate a negative year-over-year growth rate of 1,000%. The firm is expected to report its next quarterly earnings results on Tuesday, May 8th.
On average, analysts expect that Cincinnati Bell will report full year earnings of ($0.33) per share for the current year, with EPS estimates ranging from ($0.63) to ($0.04). For the next financial year, analysts anticipate that the company will post earnings of ($0.25) per share, with EPS estimates ranging from ($0.57) to ($0.04). Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that follow Cincinnati Bell.
Cincinnati Bell (NYSE:CBB) last released its earnings results on Thursday, February 15th. The utilities provider reported ($0.18) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by ($0.24). Cincinnati Bell had a negative return on equity of 0.61% and a net margin of 2.52%. The company had revenue of $427.10 million during the quarter, compared to analyst estimates of $462.31 million. During the same period in the prior year, the business posted $0.01 earnings per share. Cincinnati Bell’s revenue was up 49.7% on a year-over-year basis.
In other Cincinnati Bell news, VP Christopher J. Wilson purchased 2,959 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The shares were purchased at an average price of $14.45 per share, for a total transaction of $42,757.55. Following the completion of the acquisition, the vice president now owns 51,723 shares of the company’s stock, valued at approximately $747,397.35. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Andrew R. Kaiser purchased 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The stock was acquired at an average price of $15.90 per share, for a total transaction of $47,700.00. Following the acquisition, the chief financial officer now directly owns 24,280 shares of the company’s stock, valued at approximately $386,052. The disclosure for this purchase can be found here. Insiders purchased 7,334 shares of company stock worth $110,450 over the last three months. Corporate insiders own 1.40% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio raised its holdings in Cincinnati Bell by 10.3% in the second quarter. Public Employees Retirement System of Ohio now owns 6,511 shares of the utilities provider’s stock valued at $127,000 after buying an additional 606 shares during the period. SG Americas Securities LLC purchased a new position in Cincinnati Bell in the third quarter valued at approximately $136,000. Douglas Lane & Associates LLC purchased a new position in Cincinnati Bell in the fourth quarter valued at approximately $206,000. Paloma Partners Management Co purchased a new position in Cincinnati Bell in the fourth quarter valued at approximately $239,000. Finally, Quadrature Capital Ltd purchased a new position in Cincinnati Bell in the fourth quarter valued at approximately $250,000. Hedge funds and other institutional investors own 84.13% of the company’s stock.
Cincinnati Bell (NYSE:CBB) remained flat at $$14.95 on Wednesday. The company had a trading volume of 417,750 shares, compared to its average volume of 363,699. The company has a debt-to-equity ratio of -6.35, a current ratio of 1.99 and a quick ratio of 1.86. Cincinnati Bell has a 12 month low of $14.00 and a 12 month high of $22.20. The firm has a market capitalization of $644.39, a price-to-earnings ratio of 25.78 and a beta of 1.46.
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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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