Cincinnati Bell Inc. (NYSE:CBB) – Investment analysts at Gabelli issued their FY2017 EPS estimates for Cincinnati Bell in a research note issued to investors on Thursday. Gabelli analyst S. Dluzhevskiy expects that the brokerage will post earnings per share of $0.05 for the year. Gabelli currently has a “Buy” rating on the stock. Gabelli also issued estimates for Cincinnati Bell’s FY2018 earnings at ($0.05) EPS and FY2020 earnings at $0.30 EPS.
Other equities research analysts also recently issued research reports about the company. Bank of America Corp. set a $16.25 target price on Cincinnati Bell and gave the company a “sell” rating in a report on Wednesday, August 3rd. Raymond James Financial Inc. reaffirmed a “market perform” rating on shares of Cincinnati Bell in a report on Monday, August 8th. Finally, Zacks Investment Research downgraded Cincinnati Bell from a “buy” rating to a “hold” rating in a report on Monday, August 29th.
Cincinnati Bell (NYSE:CBB) traded down 0.10% during midday trading on Monday, reaching $19.50. The company had a trading volume of 333,910 shares. The company has a market capitalization of $819.66 million, a PE ratio of 4.41 and a beta of 1.60. Cincinnati Bell has a 12-month low of $14.00 and a 12-month high of $25.65. The stock has a 50-day moving average price of $20.45 and a 200 day moving average price of $20.87.
Cincinnati Bell (NYSE:CBB) last released its quarterly earnings data on Thursday, August 4th. The company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.35. The business earned $299 million during the quarter, compared to the consensus estimate of $295.79 million. Cincinnati Bell had a negative return on equity of 5.73% and a net margin of 16.78%. The firm’s revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.01 earnings per share.
In related news, VP Christopher J. Wilson sold 30,000 shares of the firm’s stock in a transaction on Monday, August 8th. The stock was sold at an average price of $3.70, for a total transaction of $111,000.00. Following the sale, the vice president now owns 74,457 shares of the company’s stock, valued at approximately $275,490.90. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.00% of the stock is owned by company insiders.
Several large investors have recently added to or reduced their stakes in CBB. First Allied Advisory Services Inc. purchased a new stake in Cincinnati Bell during the second quarter valued at $103,000. Guggenheim Capital LLC increased its stake in Cincinnati Bell by 9.7% in the second quarter. Guggenheim Capital LLC now owns 23,553 shares of the company’s stock valued at $108,000 after buying an additional 2,088 shares during the period. Amalgamated Bank increased its stake in Cincinnati Bell by 11.2% in the second quarter. Amalgamated Bank now owns 25,038 shares of the company’s stock valued at $117,000 after buying an additional 2,513 shares during the period. Teacher Retirement System of Texas increased its stake in Cincinnati Bell by 13.1% in the second quarter. Teacher Retirement System of Texas now owns 26,286 shares of the company’s stock valued at $120,000 after buying an additional 3,035 shares during the period. Finally, PineBridge Investments L.P. increased its stake in Cincinnati Bell by 6.0% in the second quarter. PineBridge Investments L.P. now owns 26,640 shares of the company’s stock valued at $121,000 after buying an additional 1,518 shares during the period. 79.60% of the stock is currently owned by institutional investors.
About Cincinnati Bell
Cincinnati Bell Inc, along with its subsidiaries, provides diversified telecommunications and technology services. The Company operates through two segments. The Entertainment and Communications segment provides products and services, such as high-speed Internet, data transport local voice, long distance, voice over Internet protocol (VoIP), video and other services.
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