Liberty Global (NASDAQ:LILAK) Announces Earnings Results, Misses Expectations By $0.41 EPS

Key Points

• Liberty Latin America reported a quarterly loss of $0.42 per share, missing analyst expectations of a $0.01 loss by $0.41; its net margin and return on equity were also negative.
• The shares fell 0.7% to $8.61 during Wednesday trading. Analysts’ consensus rating was “Reduce,” with an average price target of $9.00.
• Insider activity was mixed: director Charles Bracken sold 42,975 shares, while director John Malone bought 113,704 shares; insiders purchased 970,439 shares in total over the quarter.

Liberty Global (NASDAQ:LILAK - Get Free Report) posted its earnings results on Wednesday. The company reported ($0.42) earnings per share for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.41), Zacks reports. Liberty Global had a negative net margin of 2.20% and a negative return on equity of 8.50%.

Liberty Global Stock Down 0.7%

LILAK traded down $0.06 during midday trading on Wednesday, reaching $8.61. The company had a trading volume of 1,671,822 shares, compared to its average volume of 1,588,984. The business has a 50-day moving average of $8.42 and a two-hundred day moving average of $8.04. The company has a market cap of $1.69 billion, a P/E ratio of -17.57 and a beta of 0.75. Liberty Global has a 1 year low of $4.76 and a 1 year high of $9.13.

Analyst Ratings Changes

LILAK has been the subject of several research reports. UBS Group began coverage on shares of Liberty Global in a research report on Thursday, September 3rd. They set a "neutral" rating and a $9.00 price target for the company. Weiss Ratings reissued a "sell (d-)" rating on shares of Liberty Global in a report on Thursday, October 15th. Finally, Citigroup increased their price target on shares of Liberty Global from $8.00 to $9.00 and gave the stock a "neutral" rating in a research report on Thursday, August 13th. Two equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Liberty Global presently has a consensus rating of "Reduce" and an average target price of $9.00.

Insider Transactions at Liberty Global

In other news, Director Charles Bracken sold 42,975 shares of Liberty Global stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $8.57, for a total transaction of $368,295.75. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director John Malone acquired 113,704 shares of the business's stock in a transaction that occurred on Monday, August 10th. The shares were bought at an average price of $10.12 per share, with a total value of $1,150,684.48. Following the completion of the purchase, the director owned 1,351,126 shares in the company, valued at $13,673,395.12. This trade represents a 9.19% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have purchased 970,439 shares of company stock valued at $16,180,721 over the last quarter. 9.66% of the stock is currently owned by company insiders.

About Liberty Global

NASDAQ:LILAK represents Class C ordinary shares of Liberty Latin America Ltd., not Liberty Global Ltd. Liberty Latin America is a telecommunications company serving customers across Latin America and the Caribbean. Its operations include broadband internet, mobile and fixed-line voice services, pay television, and business communications services.

The company provides connectivity and entertainment products to residential customers and offers data, voice, managed services, and information-technology solutions to businesses and government organizations.

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