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

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

Liberty Global Stock Up 0.6 %

NASDAQ:LBTYA opened at $11.10 on Wednesday. Liberty Global has a 1 year low of $10.82 and a 1 year high of $21.56. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.80. The stock has a market cap of $3.97 billion, a price-to-earnings ratio of -1.09 and a beta of 1.24. The stock has a 50-day moving average price of $12.00 and a two-hundred day moving average price of $16.27.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Bank of America cut Liberty Global from a “neutral” rating to an “underperform” rating and lowered their target price for the company from $13.10 to $12.60 in a research note on Friday, December 6th. Barclays decreased their price objective on Liberty Global from $20.00 to $12.00 and set an “equal weight” rating for the company in a research note on Monday, November 25th. Deutsche Bank Aktiengesellschaft decreased their price objective on Liberty Global from $23.00 to $20.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. Benchmark reaffirmed a “buy” rating and set a $27.00 price objective on shares of Liberty Global in a research note on Tuesday, October 29th. Finally, UBS Group cut Liberty Global from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $23.00 to $13.00 in a research note on Monday, November 18th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Liberty Global currently has a consensus rating of “Hold” and an average price target of $17.75.

Insider Buying and Selling at Liberty Global

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