Liberty Global (NASDAQ:LBTYA) Releases Earnings Results, Beats Expectations By $1.64 EPS

Key Points

• Liberty Global reported quarterly EPS of $1.32, beating the consensus estimate of a $0.32 loss by $1.64. Despite the earnings beat, the company reported a negative 62.12% net margin and negative 28.83% return on equity.
• Shares rose 4.8% to open at $8.51, but remained near the lower end of their 52-week range of $7.36 to $13.52. Liberty Global has a market capitalization of approximately $2.90 billion.
• Analyst sentiment remains mixed, with the stock carrying a consensus “Hold” rating and an average price target of $12.78. Recent target changes ranged from Barclays’ $7.00 target to New Street Research’s $14.00 objective.

Liberty Global (NASDAQ:LBTYA - Get Free Report) posted its quarterly earnings data on Tuesday. The company reported $1.32 earnings per share for the quarter, topping the consensus estimate of ($0.32) by $1.64, FiscalAI reports. Liberty Global had a negative return on equity of 28.83% and a negative net margin of 62.12%.

Liberty Global Trading Up 4.8%

LBTYA stock opened at $8.51 on Tuesday. The stock has a market cap of $2.90 billion, a price-to-earnings ratio of -0.94 and a beta of 1.06. The company has a fifty day moving average price of $9.33 and a two-hundred day moving average price of $10.99. Liberty Global has a one year low of $7.36 and a one year high of $13.52. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.28 and a quick ratio of 1.28.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Barclays cut their target price on Liberty Global from $10.00 to $7.00 and set an "equal weight" rating on the stock in a research note on Tuesday, October 20th. UBS Group decreased their price target on shares of Liberty Global from $12.10 to $11.90 and set a "neutral" rating for the company in a research note on Tuesday, August 4th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Liberty Global in a research note on Thursday. New Street Research upgraded shares of Liberty Global from a "hold" rating to a "buy" rating and set a $14.00 price objective on the stock in a report on Tuesday, October 20th. Finally, Wall Street Zen raised shares of Liberty Global to a "sell" rating in a research report on Saturday, October 17th. Two investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $12.78.

Liberty Global Company Profile

Liberty Global plc is an international telecommunications and media company that invests in and operates broadband, mobile, fixed-line, video and related digital services. Its offerings generally include high-speed internet, television, telephony, mobile connectivity and business communications services for residential and enterprise customers.

The company has operations and strategic investments across Europe. Its portfolio includes Sunrise in Switzerland and Telenet in Belgium, as well as 50% interests in Virgin Media O2 in the United Kingdom, a joint venture with Telefónica, and VodafoneZiggo in the Netherlands, a joint venture with Vodafone.

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