Wall Street brokerages predict that Cincinnati Bell Inc. (NYSE:CBB) will report earnings per share (EPS) of ($0.06) for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Cincinnati Bell’s earnings, with estimates ranging from ($0.17) to $0.06. Cincinnati Bell posted earnings per share of $0.03 during the same quarter last year, which would suggest a negative year-over-year growth rate of 300%. The company is scheduled to issue its next earnings results on Thursday, November 1st.

According to Zacks, analysts expect that Cincinnati Bell will report full year earnings of ($0.41) per share for the current year, with EPS estimates ranging from ($0.75) to ($0.02). For the next year, analysts expect that the company will post earnings of ($0.17) per share, with EPS estimates ranging from ($0.41) to $0.18. Zacks’ EPS calculations are a mean average based on a survey of research analysts that follow Cincinnati Bell.

Cincinnati Bell (NYSE:CBB) last issued its earnings results on Wednesday, August 8th. The utilities provider reported ($0.19) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.12) by ($0.07). Cincinnati Bell had a negative return on equity of 0.61% and a negative net margin of 3.98%. The business had revenue of $296.80 million for the quarter, compared to analysts’ expectations of $298.03 million. During the same period last year, the business earned $0.08 EPS. The company’s revenue for the quarter was up 14.4% on a year-over-year basis.

Several analysts recently commented on the stock. ValuEngine upgraded shares of Cincinnati Bell from a “strong sell” rating to a “sell” rating in a research report on Tuesday. Wells Fargo & Co upgraded shares of Cincinnati Bell from a “market perform” rating to an “outperform” rating in a research report on Thursday, August 9th. They noted that the move was a valuation call. UBS Group lowered shares of Cincinnati Bell from a “buy” rating to a “hold” rating and set a $18.00 price target on the stock. in a research report on Tuesday, July 10th. Finally, Morgan Stanley restated an “equal weight” rating on shares of Cincinnati Bell in a research report on Saturday, June 2nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $17.00.

Shares of Cincinnati Bell stock traded up $0.35 during trading on Friday, hitting $12.80. 12,313 shares of the company’s stock were exchanged, compared to its average volume of 479,107. The company has a debt-to-equity ratio of -6.33, a current ratio of 1.90 and a quick ratio of 1.81. Cincinnati Bell has a 52-week low of $9.90 and a 52-week high of $22.20. The stock has a market cap of $579.32 million, a PE ratio of -160.00 and a beta of 1.24.

In other news, VP Christopher J. Wilson purchased 2,041 shares of the company’s stock in a transaction that occurred on Tuesday, May 29th. The shares were bought at an average price of $12.58 per share, for a total transaction of $25,675.78. Following the completion of the transaction, the vice president now owns 53,764 shares in the company, valued at $676,351.12. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last 90 days, insiders have purchased 3,614 shares of company stock worth $46,127. 1.40% of the stock is owned by company insiders.

A number of hedge funds have recently added to or reduced their stakes in the stock. Millennium Management LLC acquired a new stake in Cincinnati Bell during the second quarter valued at $1,311,000. Paloma Partners Management Co grew its position in Cincinnati Bell by 35.4% during the second quarter. Paloma Partners Management Co now owns 33,001 shares of the utilities provider’s stock valued at $518,000 after buying an additional 8,631 shares during the period. Tocqueville Asset Management L.P. acquired a new stake in Cincinnati Bell during the second quarter valued at $2,518,000. Laurion Capital Management LP acquired a new stake in Cincinnati Bell during the second quarter valued at $694,000. Finally, OppenheimerFunds Inc. grew its position in Cincinnati Bell by 28.8% during the second quarter. OppenheimerFunds Inc. now owns 65,748 shares of the utilities provider’s stock valued at $1,032,000 after buying an additional 14,695 shares during the period. Institutional investors own 87.04% of the company’s stock.

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 Fioptics voice lines, voice over Internet protocol, long distance, digital trunking, switched access, caller identification, voicemail, call waiting, and call return.

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

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