Liberty Global (NASDAQ:LBTYA) Releases Quarterly Earnings Results, Beats Estimates By $7.25 EPS

Liberty Global (NASDAQ:LBTYA) announced its quarterly earnings data on Tuesday. The company reported $6.33 EPS for the quarter, beating the consensus estimate of ($0.92) by $7.25, Zacks reports. The firm had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.84 billion. Liberty Global had a negative net margin of 54.02% and a negative return on equity of 22.30%.

Liberty Global Price Performance

Shares of NASDAQ LBTYA opened at $10.63 on Wednesday. The stock has a market capitalization of $3.80 billion, a price-to-earnings ratio of -1.06 and a beta of 1.24. Liberty Global has a 12 month low of $10.82 and a 12 month high of $21.56. The firm’s 50 day simple moving average is $12.00 and its 200-day simple moving average is $16.27. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.19 and a quick ratio of 1.19.

Insider Transactions at Liberty Global

In related news, major shareholder Nicholas V. Tompras sold 57,000 shares of Liberty Global stock in a transaction on Friday, December 27th. The shares were sold at an average price of $12.94, for a total value of $737,580.00. Following the sale, the insider now owns 16,153 shares of the company’s stock, valued at approximately $209,019.82. This trade represents a 77.92 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Charles H. R. Bracken sold 84,103 shares of Liberty Global stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $14.56, for a total transaction of $1,224,539.68. Following the completion of the sale, the chief financial officer now directly owns 53,312 shares in the company, valued at $776,222.72. This represents a 61.20 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 11.51% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on LBTYA shares. Bank of America downgraded shares of Liberty Global from a “neutral” rating to an “underperform” rating and cut their price target for the stock from $13.10 to $12.60 in a report on Friday, December 6th. Sanford C. Bernstein downgraded shares of Liberty Global from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $24.70 to $12.40 in a report on Thursday, January 23rd. Barclays cut their price target on shares of Liberty Global from $20.00 to $12.00 and set an “equal weight” rating on the stock in a report on Monday, November 25th. Benchmark reiterated a “buy” rating and issued a $27.00 price target on shares of Liberty Global in a report on Tuesday, October 29th. Finally, UBS Group downgraded shares of Liberty Global from a “buy” rating to a “neutral” rating and cut their price target for the stock from $23.00 to $13.00 in a report on Monday, November 18th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $17.75.

About Liberty Global

Liberty Global Ltd., together with its subsidiaries, provides broadband internet, video, fixed-line telephony, and mobile communications services to residential and business customers. It offers value-added broadband services, such as WiFi features, security, anti-virus, firewall, spam protection, smart home services, online storage solutions, and web spaces; and Connect Box that delivers in-home Wi-Fi service.