Analysts Expect Cincinnati Bell Inc. (NYSE:CBB) Will Post Earnings of -$0.09 Per Share

Analysts predict that Cincinnati Bell Inc. (NYSE:CBB) will report earnings per share (EPS) of ($0.09) for the current quarter, Zacks Investment Research reports. Zero analysts have made estimates for Cincinnati Bell’s earnings. Cincinnati Bell posted earnings of ($0.27) per share in the same quarter last year, which suggests a positive year over year growth rate of 66.7%. The business is expected to announce its next quarterly earnings results on Thursday, August 5th.

On average, analysts expect that Cincinnati Bell will report full year earnings of ($0.39) per share for the current financial year. For the next fiscal year, analysts anticipate that the company will report earnings of $0.02 per share. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Cincinnati Bell.

Cincinnati Bell (NYSE:CBB) last posted its quarterly earnings results on Friday, April 23rd. The utilities provider reported ($0.11) earnings per share for the quarter, hitting the Zacks’ consensus estimate of ($0.11). The firm had revenue of $409.90 million during the quarter.

In other Cincinnati Bell news, Director Jakki L. Haussler sold 21,480 shares of the company’s stock in a transaction that occurred on Tuesday, May 25th. The shares were sold at an average price of $15.40, for a total value of $330,792.00. Following the completion of the transaction, the director now directly owns 39,393 shares in the company, valued at $606,652.20. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 1.80% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. Meitav Dash Investments Ltd. lifted its holdings in shares of Cincinnati Bell by 4.1% in the fourth quarter. Meitav Dash Investments Ltd. now owns 25,745 shares of the utilities provider’s stock worth $393,000 after buying an additional 1,007 shares in the last quarter. Principal Financial Group Inc. raised its stake in Cincinnati Bell by 0.4% during the first quarter. Principal Financial Group Inc. now owns 349,905 shares of the utilities provider’s stock valued at $5,371,000 after purchasing an additional 1,258 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in Cincinnati Bell by 4.6% during the fourth quarter. The Manufacturers Life Insurance Company now owns 30,572 shares of the utilities provider’s stock valued at $467,000 after purchasing an additional 1,348 shares in the last quarter. ETF Managers Group LLC raised its stake in Cincinnati Bell by 9.8% during the fourth quarter. ETF Managers Group LLC now owns 18,994 shares of the utilities provider’s stock valued at $289,000 after purchasing an additional 1,688 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in Cincinnati Bell by 0.5% during the fourth quarter. Bank of New York Mellon Corp now owns 502,209 shares of the utilities provider’s stock valued at $7,673,000 after purchasing an additional 2,464 shares in the last quarter. 90.88% of the stock is currently owned by hedge funds and other institutional investors.

Shares of CBB traded up $0.01 during mid-day trading on Friday, reaching $15.43. The stock had a trading volume of 2,986 shares, compared to its average volume of 487,283. The firm has a market capitalization of $785.71 million, a price-to-earnings ratio of -22.35 and a beta of 0.39. Cincinnati Bell has a 12 month low of $14.65 and a 12 month high of $15.47. The business’s fifty day moving average price is $15.41.

Cincinnati Bell Company Profile

Cincinnati Bell Inc, together with its subsidiaries, provides diversified telecommunications and technology services to residential and business customers in the United States. It operates in two segments, Entertainment and Communications, and IT Services and Hardware. The Entertainment and Communications segment offers data services, including high-speed Internet access, data transport, and interconnection services, as well as metro-Ethernet products; and voice local services, such as consumer long distance, digital trunking, and switched access services, as well as other value-added services, including caller identification, voicemail, call waiting, and call return services.

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