Liberty Global (LBTYA) Projected to Post Quarterly Earnings on Thursday

Liberty Global (NASDAQ:LBTYA - Get Free Report) is projected to issue its results before the market opens on Thursday, October 30th. Analysts expect the company to announce earnings of $3.29 per share and revenue of $1.2329 billion for the quarter.

Liberty Global (NASDAQ:LBTYA - Get Free Report) last issued its earnings results on Friday, August 1st. The company reported ($8.09) EPS for the quarter, missing the consensus estimate of ($0.55) by ($7.54). Liberty Global had a negative return on equity of 22.64% and a negative net margin of 60.38%.The firm had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.20 billion. On average, analysts expect Liberty Global to post $-1 EPS for the current fiscal year and $-2 EPS for the next fiscal year.

Liberty Global Trading Down 0.3%

Shares of LBTYA stock opened at $11.07 on Thursday. The firm has a fifty day moving average of $11.50 and a 200-day moving average of $10.58. The stock has a market cap of $3.77 billion, a price-to-earnings ratio of -1.13 and a beta of 1.15. Liberty Global has a 52-week low of $9.02 and a 52-week high of $21.22. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.02 and a current ratio of 1.02.

Analyst Upgrades and Downgrades

LBTYA has been the subject of several recent research reports. Zacks Research raised shares of Liberty Global to a "hold" rating in a research report on Wednesday, September 3rd. Benchmark reissued a "buy" rating and issued a $21.00 target price (up from $18.00) on shares of Liberty Global in a report on Monday, August 4th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Liberty Global in a research note on Wednesday, October 8th. UBS Group increased their price objective on Liberty Global from $10.60 to $11.80 and gave the stock a "neutral" rating in a research note on Wednesday, August 6th. Finally, Berenberg Bank raised Liberty Global to a "hold" rating in a report on Thursday, June 26th. Two investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $14.26.

Insider Buying and Selling at Liberty Global

In related news, Director Miranda Curtis sold 42,600 shares of the firm's stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $11.77, for a total value of $501,402.00. Following the completion of the sale, the director owned 129,305 shares of the company's stock, valued at $1,521,919.85. This trade represents a 24.78% 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 60,000 shares of the business's stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $11.31, for a total transaction of $678,600.00. Following the completion of the transaction, the chief financial officer owned 33,220 shares of the company's stock, valued at $375,718.20. This trade represents a 64.36% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 136,980 shares of company stock worth $1,577,091. 13.29% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Liberty Global

Institutional investors and hedge funds have recently made changes to their positions in the company. Royal Bank of Canada boosted its holdings in Liberty Global by 801.7% in the first quarter. Royal Bank of Canada now owns 120,200 shares of the company's stock valued at $1,383,000 after acquiring an additional 106,870 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new position in Liberty Global during the 1st quarter valued at about $64,000. Millennium Management LLC boosted its stake in shares of Liberty Global by 197.8% in the 1st quarter. Millennium Management LLC now owns 1,520,781 shares of the company's stock valued at $17,504,000 after purchasing an additional 1,010,118 shares during the last quarter. Goldman Sachs Group Inc. grew its position in shares of Liberty Global by 27.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 451,847 shares of the company's stock worth $5,201,000 after buying an additional 98,182 shares during the period. Finally, Prudential Financial Inc. bought a new stake in shares of Liberty Global during the second quarter worth approximately $100,000. Institutional investors own 37.20% 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.