Wall Street analysts expect Cincinnati Bell Inc (NYSE:CBB) to announce earnings per share of $0.06 for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for Cincinnati Bell’s earnings. The highest EPS estimate is $0.06 and the lowest is $0.05. Cincinnati Bell posted earnings per share of $0.05 during the same quarter last year, which would indicate a positive year-over-year growth rate of 20%. The business is scheduled to report its next quarterly earnings report on Wednesday, November 1st.

On average, analysts expect that Cincinnati Bell will report full-year earnings of $0.07 per share for the current year. For the next financial year, analysts anticipate that the company will report earnings of $0.23 per share, with EPS estimates ranging from $0.04 to $0.44. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that that provide coverage for Cincinnati Bell.

Cincinnati Bell (NYSE:CBB) last posted its earnings results on Friday, August 4th. The utilities provider reported $0.07 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.07. Cincinnati Bell had a negative return on equity of 3.87% and a net margin of 6.84%. The firm had revenue of $294 million for the quarter, compared to analyst estimates of $284.28 million. During the same quarter in the prior year, the company earned $0.04 EPS. Cincinnati Bell’s revenue was down 1.7% on a year-over-year basis.

A number of research analysts recently issued reports on CBB shares. ValuEngine cut shares of Cincinnati Bell from a “hold” rating to a “sell” rating in a report on Friday, June 2nd. Morgan Stanley restated an “equal weight” rating and set a $22.00 price objective (down previously from $25.00) on shares of Cincinnati Bell in a report on Wednesday, June 14th. BidaskClub upgraded shares of Cincinnati Bell from a “sell” rating to a “hold” rating in a report on Wednesday, July 19th. Finally, Gabelli cut shares of Cincinnati Bell from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. Four investment analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $23.50.

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Cincinnati Bell (CBB) traded up 0.71% during midday trading on Tuesday, reaching $21.40. The company had a trading volume of 365,652 shares. The company has a market capitalization of $902.55 million, a P/E ratio of 13.05 and a beta of 1.66. Cincinnati Bell has a 52-week low of $16.05 and a 52-week high of $24.45. The company’s 50 day moving average is $19.47 and its 200-day moving average is $18.76.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its position in Cincinnati Bell by 58,412.1% in the first quarter. BlackRock Inc. now owns 6,270,745 shares of the utilities provider’s stock valued at $110,992,000 after buying an additional 6,260,028 shares during the period. State Street Corp bought a new position in Cincinnati Bell during the first quarter valued at $19,007,000. Jericho Capital Asset Management L.P. bought a new position in Cincinnati Bell during the first quarter valued at $13,143,000. William Blair Investment Management LLC bought a new position in Cincinnati Bell during the second quarter valued at $12,468,000. Finally, FMR LLC boosted its position in Cincinnati Bell by 80.7% in the first quarter. FMR LLC now owns 1,423,672 shares of the utilities provider’s stock valued at $25,199,000 after buying an additional 635,900 shares during the period. Institutional investors own 85.21% of the company’s stock.

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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