Liberty Global (LBTYA) to Release Quarterly Earnings on Friday

Liberty Global (NASDAQ:LBTYA - Get Free Report) is anticipated to announce its earnings results before the market opens on Friday, August 1st. Analysts expect the company to announce earnings of ($0.55) per share and revenue of $1.20 billion for the quarter.

Liberty Global (NASDAQ:LBTYA - Get Free Report) last released its quarterly earnings data on Friday, May 2nd. The company reported ($3.84) earnings per share for the quarter, missing the consensus estimate of ($0.83) by ($3.01). Liberty Global had a negative return on equity of 1.15% and a negative net margin of 4.25%. The firm had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.09 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 Stock Down 0.1%

Liberty Global stock opened at $10.03 on Friday. The company's 50 day simple moving average is $9.86 and its 200 day simple moving average is $10.65. Liberty Global has a fifty-two week low of $9.02 and a fifty-two week high of $21.56. The firm has a market capitalization of $3.47 billion, a price-to-earnings ratio of -10.34 and a beta of 1.14. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.95 and a quick ratio of 0.95.

Hedge Funds Weigh In On Liberty Global

Institutional investors and hedge funds have recently modified their holdings of the stock. Cubist Systematic Strategies LLC acquired a new position in shares of Liberty Global in the first quarter valued at about $64,000. Royal Bank of Canada grew its stake in shares of 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 in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Liberty Global by 27.8% in the first quarter. Goldman Sachs Group Inc. now owns 451,847 shares of the company's stock valued at $5,201,000 after acquiring an additional 98,182 shares in the last quarter. Finally, Millennium Management LLC grew its stake in shares of Liberty Global by 197.8% in the first quarter. Millennium Management LLC now owns 1,520,781 shares of the company's stock valued at $17,504,000 after acquiring an additional 1,010,118 shares in the last quarter. 37.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Barclays set a $11.00 price target on shares of Liberty Global and gave the company an "equal weight" rating in a research note on Tuesday, May 6th. Berenberg Bank raised shares of Liberty Global to a "hold" rating in a research note on Thursday, June 26th. Citigroup cut their price target on shares of Liberty Global from $13.00 to $11.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 28th. Finally, UBS Group cut their price target on shares of Liberty Global from $13.00 to $10.60 and set a "neutral" rating on the stock in a research note on Monday, May 12th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $14.94.

About Liberty Global

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.

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