Cincinnati Bell (NYSE:CBB) is set to issue its quarterly earnings data before the market opens on Thursday, August 8th. Analysts expect the company to announce earnings of ($0.26) per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.
Cincinnati Bell (NYSE:CBB) last released its earnings results on Wednesday, May 8th. The utilities provider reported ($0.48) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.22) by ($0.26). The company had revenue of $379.60 million for the quarter, compared to analyst estimates of $382.99 million. The firm’s revenue for the quarter was up 28.4% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.19) EPS. On average, analysts expect Cincinnati Bell to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.
CBB stock opened at $3.58 on Wednesday. The firm has a market capitalization of $181.32 million, a price-to-earnings ratio of -3.23 and a beta of 1.42. Cincinnati Bell has a 12-month low of $3.33 and a 12-month high of $16.10. The firm has a fifty day moving average price of $4.43.
In related news, CFO Andrew R. Kaiser purchased 4,300 shares of the firm’s stock in a transaction on Wednesday, May 29th. The stock was purchased at an average cost of $6.93 per share, with a total value of $29,799.00. Following the completion of the purchase, the chief financial officer now owns 62,354 shares in the company, valued at approximately $432,113.22. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Christopher J. Wilson purchased 6,628 shares of the firm’s stock in a transaction on Thursday, May 30th. The stock was bought at an average cost of $6.70 per share, with a total value of $44,407.60. Following the completion of the purchase, the vice president now owns 90,285 shares of the company’s stock, valued at approximately $604,909.50. The disclosure for this purchase can be found here. Insiders own 2.40% of the company’s stock.
CBB has been the topic of several recent analyst reports. Morgan Stanley restated an “equal weight” rating and issued a $8.00 target price (down previously from $10.00) on shares of Cincinnati Bell in a report on Friday, June 7th. ValuEngine upgraded shares of Cincinnati Bell from a “sell” rating to a “hold” rating in a report on Thursday, August 1st.
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, as well as long distance, digital trunking, switched access, and other value-added services, such as caller identification, voicemail, call waiting, and call return.
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