Liberty Global (NASDAQ:LBTYK) Posts Earnings Results, Beats Estimates By $1.64 EPS

Key Points

• Liberty Global reported EPS of $1.32, exceeding the consensus estimate of a $0.32 loss by $1.64. Despite the earnings beat, the company posted a negative net margin of 62.12% and negative return on equity of 28.83%.
• Shares rose $0.46 to $8.45 in midday trading, but remained below the 50-day and 200-day moving averages of $9.13 and $10.72, respectively. The stock has traded between $7.32 and $13.12 over the past year.
• Analyst sentiment remains negative: Liberty Global has a consensus rating of “Sell”, with one analyst rating the stock Sell and recent rating changes also remaining bearish.

Liberty Global (NASDAQ:LBTYK - Get Free Report) announced its earnings results on Tuesday. The company reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.32) by $1.64, Zacks reports. Liberty Global had a negative net margin of 62.12% and a negative return on equity of 28.83%.

Liberty Global Stock Performance

Shares of NASDAQ:LBTYK traded up $0.46 during mid-day trading on Tuesday, reaching $8.45. 209,162 shares of the company traded hands, compared to its average volume of 1,434,012. The company's 50 day moving average price is $9.13 and its 200-day moving average price is $10.72. The firm has a market cap of $2.88 billion, a PE ratio of -0.94 and a beta of 0.94. Liberty Global has a 52 week low of $7.32 and a 52 week high of $13.12. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.28 and a quick ratio of 1.28.

Analyst Ratings Changes

LBTYK has been the topic of several analyst reports. Wall Street Zen cut shares of Liberty Global from a "hold" rating to a "sell" rating in a research note on Saturday, August 8th. Weiss Ratings upgraded Liberty Global from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Friday, October 16th. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the stock has a consensus rating of "Sell".

About Liberty Global

Liberty Global plc is an international telecommunications and media company that provides broadband, mobile, television and fixed-line communications services. Through its operating businesses and strategic investments, the company serves residential customers, businesses and public-sector organizations with connectivity, entertainment and communications solutions.

Liberty Global's principal operating interests include Virgin Media O2, its joint venture with Telefónica in the United Kingdom; Sunrise in Switzerland; and Telenet in Belgium.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.