Brokers expect Cincinnati Bell Inc. (NYSE: CBB) to post earnings of $ 0.11 per share

Equity research analysts expect Cincinnati Bell Inc. (NYSE: CBB) to post earnings of ($ 0.11) per share for the current quarter, reports Zacks Investment Research. Zero analysts have made estimates of Cincinnati Bell’s earnings. Cincinnati Bell reported earnings of $ 0.20 per share for the same quarter last year, representing a negative growth rate of 155% year over year. The company is expected to release its next quarterly results on Tuesday, May 4th.

On average, analysts expect Cincinnati Bell to post annual earnings of ($ 0.39) per share for the current fiscal year. For the next year, analysts expect earnings of $ 0.02 per share. Zacks Investment Research’s EPS averages are based on a survey of research analysts working on Cincinnati Bell.

Cincinnati Bell (NYSE: CBB) last released its earnings results on Wednesday, February 17th. The utility reported earnings per share of $ 0.16 for the quarter, beating Thomson Reuters’ consensus estimate of $ 0.20 by $ 0.04.

Cincinnati Bell stock opened at $ 15.29 on Thursday. The stock has a 50-day moving average price of $ 15.28 and a 200-day moving average price of $ 15.19. Cincinnati Bell has a 52-week low of $ 11.66 and a 52-week high of $ 15.43. The stock has a market cap of $ 778.40 million, a P / E of -9.56, and a beta of 0.48.

Several institutional investors recently added or reduced their stakes in the business. BlackRock Inc. increased its position in Cincinnati Bell stocks by 0.4% in the third quarter. BlackRock Inc. now owns 7,414,812 shares of the utility valued at $ 111,223,000 after purchasing an additional 27,184 shares last quarter. Morgan Stanley increased its stake in Cincinnati Bell 844.9% in the fourth quarter. Morgan Stanley now owns 2,812,200 shares of the utility valued at $ 42,970,000 after purchasing an additional 2,514,588 shares during the reporting period. DLD Asset Management LP increased its stake in Cincinnati Bell by 0.8% in the third quarter. DLD Asset Management LP now owns 1,871,457 shares in the utility valued at $ 28,072,000 after purchasing an additional 15,160 shares during the reporting period. The Healthcare of Ontario pension trust fund increased its stake in Cincinnati Bell by 95.7% in the fourth quarter. The Healthcare of Ontario Retirement Plan now owns 1,652,200 shares of the utility valued at $ 25,246,000 after purchasing an additional 807,800 shares last quarter. Finally, Spring Creek Capital LLC added 13.5% to its position in Cincinnati Bell stocks in the fourth quarter. Spring Creek Capital LLC now owns 1,260,000 shares of the utility valued at $ 19,253,000 after purchasing an additional 149,503 shares during the reporting period. Institutional investors currently hold 96.42% of the company’s shares.

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About Cincinnati Bell

Cincinnati Bell Inc, together with its subsidiaries, offers a variety of telecommunications and technology services to private and business customers in the United States. The company operates in two segments: entertainment and communication, and IT services and hardware. The entertainment and communications segment provides data services, including high-speed Internet access, data transport and connection services, and metro Ethernet products. and local voice services as well as long distance calls, digital trunking, switched access and other value-added services such as caller identification, voicemail, call waiting and call return.

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