Liberty Latin America (NASDAQ:LILA) Posts Earnings Results, Misses Expectations By $0.33 EPS

Key Points

• Liberty Latin America reported an EPS loss of $0.42, missing analyst expectations of a $0.09 loss by $0.33. Quarterly revenue was $1.12 billion, below the $1.14 billion consensus estimate.
• Insiders have acquired 970,439 shares worth about $16.2 million over the past 90 days; director John Malone alone purchased 113,704 shares.
• Analyst sentiment is cautious: MarketBeat reports an average “Reduce” rating and a $10 consensus price target, with Morgan Stanley downgrading the stock to “underweight” and setting a $7 target.

Liberty Latin America (NASDAQ:LILA - Get Free Report) issued its earnings results on Wednesday. The company reported ($0.42) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.33), FiscalAI reports. Liberty Latin America had a negative return on equity of 9.29% and a negative net margin of 2.20%. The firm had revenue of $1.12 billion during the quarter, compared to analysts' expectations of $1.14 billion.

Liberty Latin America Stock Performance

Shares of LILA stock traded down $0.07 during mid-day trading on Wednesday, reaching $8.66. The company's stock had a trading volume of 399,898 shares, compared to its average volume of 318,740. The company's 50 day simple moving average is $8.47 and its 200-day simple moving average is $8.01. Liberty Latin America has a 12-month low of $4.77 and a 12-month high of $9.04. The company has a debt-to-equity ratio of 8.08, a quick ratio of 1.19 and a current ratio of 1.19.

Insider Activity at Liberty Latin America

In other Liberty Latin America news, Director John Malone purchased 113,704 shares of the firm's stock in a transaction that occurred on Monday, August 10th. The stock was purchased at an average cost of $10.12 per share, with a total value of $1,150,684.48. Following the transaction, the director owned 1,351,126 shares in the company, valued at approximately $13,673,395.12. This trade represents a 9.19% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Charles H. R. Bracken sold 42,975 shares of the company's stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $8.57, for a total transaction of $368,295.75. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have acquired 970,439 shares of company stock worth $16,180,721. 6.25% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have commented on LILA. UBS Group upgraded Liberty Latin America to a "hold" rating in a research note on Thursday, September 3rd. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Liberty Latin America in a research note on Thursday, October 15th. Finally, Morgan Stanley cut Liberty Latin America from an "equal weight" rating to an "underweight" rating and set a $7.00 target price for the company. in a report on Thursday, August 20th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Reduce" and a consensus target price of $10.00.

Liberty Latin America Company Profile

Liberty Latin America Ltd. NASDAQ: LILA is a telecommunications and connectivity company serving customers across Latin America and the Caribbean. Its operations provide broadband internet, mobile and fixed-line communications, video and entertainment services, and business connectivity solutions to residential, commercial, and government customers.

The company operates through a portfolio of regional businesses and brands, including Liberty and Flow, as well as operations in markets such as Puerto Rico, Chile, Costa Rica, Panama, and several Caribbean countries.

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