Liberty Global (NASDAQ:LBTYK) Releases Quarterly Earnings Results, Beats Estimates By $7.19 EPS

Liberty Global (NASDAQ:LBTYK) issued its quarterly earnings results on Tuesday. The company reported $6.33 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.86) by $7.19, Zacks reports. Liberty Global had a negative net margin of 54.02% and a negative return on equity of 22.30%.

Liberty Global Stock Performance

LBTYK opened at $11.25 on Wednesday. The firm has a market capitalization of $4.02 billion, a PE ratio of -1.11 and a beta of 1.19. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.80. Liberty Global has a twelve month low of $11.21 and a twelve month high of $22.14. The firm’s 50-day moving average price is $12.39 and its 200 day moving average price is $16.68.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on Liberty Global in a research report on Friday, January 17th. They set a “hold” rating for the company.

Insiders Place Their Bets

In other news, CFO Charles H. R. Bracken sold 84,103 shares of Liberty Global stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $14.56, for a total transaction of $1,224,539.68. Following the transaction, the chief financial officer now owns 53,312 shares in the company, valued at $776,222.72. The trade was a 61.20 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Nicholas V. Tompras sold 57,000 shares of the business’s stock in a transaction dated Friday, December 27th. The shares were sold at an average price of $12.94, for a total transaction of $737,580.00. Following the transaction, the insider now directly owns 16,153 shares in the company, valued at approximately $209,019.82. The trade was a 77.92 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 9.86% of the company’s stock.

Liberty Global Company Profile

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.