Liberty Global (LBTYA) Expected to Announce Earnings on Friday

Key Points

• Liberty Global is set to announce its quarterly earnings on August 1st, with analysts predicting an earnings loss of ($0.55) per share and revenue of $1.20 billion.
• In its last earnings report, Liberty Global's performance fell short, posting ($3.84) earnings per share, significantly below the expected ($0.83), although revenue exceeded estimates at $1.17 billion.
• Institutional investors have shown increased interest in Liberty Global, with significant stakes being acquired by firms like Royal Bank of Canada and Millennium Management, bringing institutional ownership to 37.20%.

Liberty Global (NASDAQ:LBTYA - Get Free Report) will likely be posting its quarterly earnings results before the market opens on Friday, August 1st. Analysts expect Liberty Global to post earnings of ($0.55) per share and revenue of $1.20 billion for the quarter.

Liberty Global (NASDAQ:LBTYA - Get Free Report) last issued its quarterly earnings results 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 business had revenue of $1.17 billion during the quarter, compared to analyst estimates 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 Performance

Shares of Liberty Global stock traded up $0.02 on Wednesday, reaching $9.86. 2,661,399 shares of the stock were exchanged, compared to its average volume of 1,488,415. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.64. Liberty Global has a twelve month low of $9.02 and a twelve month high of $21.56. The firm has a market capitalization of $3.41 billion, a price-to-earnings ratio of -10.16 and a beta of 1.14. The business has a 50 day moving average price of $9.87 and a two-hundred day moving average price of $10.61.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on LBTYA. UBS Group cut their price objective on Liberty Global from $13.00 to $10.60 and set a "neutral" rating on the stock in a report on Monday, May 12th. Berenberg Bank upgraded Liberty Global to a "hold" rating in a report on Thursday, June 26th. Barclays set a $11.00 price target on Liberty Global and gave the stock an "equal weight" rating in a report on Tuesday, May 6th. Finally, Citigroup cut their price target on Liberty Global from $13.00 to $11.00 and set a "neutral" rating on the stock in a report on Wednesday, May 28th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat, Liberty Global currently has an average rating of "Hold" and an average target price of $14.94.

Hedge Funds Weigh In On Liberty Global

Several hedge funds have recently bought and sold shares of the company. Cubist Systematic Strategies LLC acquired a new position in shares of Liberty Global in the first quarter worth $64,000. Goldman Sachs Group Inc. raised its holdings 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 worth $5,201,000 after acquiring an additional 98,182 shares during the last quarter. Royal Bank of Canada raised its holdings 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 worth $1,383,000 after acquiring an additional 106,870 shares during the last quarter. Finally, Millennium Management LLC raised its holdings 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 worth $17,504,000 after acquiring an additional 1,010,118 shares during the last quarter. 37.20% of the stock is owned by hedge funds and other institutional investors.

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.