Liberty Global (NASDAQ:LBTYK) Posts Quarterly Earnings Results, Beats Expectations By $1.31 EPS

Key Points

• Big EPS beat: Liberty Global reported Q results of $0.96 EPS versus a consensus of ($0.35), beating estimates by $1.31 and sending the stock up about 3.8% to $11.77 (market cap ≈ $3.94B).
• Profitability still poor: Despite the beat, the company posted a -58.32% return on equity and a -146.30% net margin, with a debt-to-equity ratio of 0.79 and roughly 46% of shares held by institutions.

Liberty Global (NASDAQ:LBTYK - Get Free Report) issued its quarterly earnings results on Friday. The company reported $0.96 earnings per share for the quarter, beating the consensus estimate of ($0.35) by $1.31, Zacks reports. Liberty Global had a negative return on equity of 58.32% and a negative net margin of 146.30%.

Liberty Global Trading Up 3.8%

Shares of LBTYK stock traded up $0.43 on Friday, hitting $11.77. The company had a trading volume of 1,372,782 shares, compared to its average volume of 1,463,193. The firm has a market cap of $3.94 billion, a P/E ratio of -0.57 and a beta of 0.87. The stock's 50-day moving average is $11.94 and its two-hundred day moving average is $11.34. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.08 and a current ratio of 1.08. Liberty Global has a twelve month low of $9.21 and a twelve month high of $13.12.

Institutional Investors Weigh In On Liberty Global

Institutional investors and hedge funds have recently made changes to their positions in the stock. Jones Financial Companies Lllp grew its stake in Liberty Global by 76,160.0% during the first quarter. Jones Financial Companies Lllp now owns 3,813 shares of the company's stock worth $46,000 after purchasing an additional 3,808 shares during the period. Parallel Advisors LLC grew its stake in Liberty Global by 33.7% during the fourth quarter. Parallel Advisors LLC now owns 11,450 shares of the company's stock worth $126,000 after purchasing an additional 2,885 shares during the period. US Bancorp DE grew its stake in Liberty Global by 161.6% during the third quarter. US Bancorp DE now owns 10,792 shares of the company's stock worth $127,000 after purchasing an additional 6,667 shares during the period. Amundi acquired a new stake in Liberty Global during the fourth quarter worth approximately $133,000. Finally, M&T Bank Corp acquired a new stake in Liberty Global during the second quarter worth approximately $141,000. Institutional investors and hedge funds own 46.10% of the company's stock.

Liberty Global Company Profile

Liberty Global NASDAQ: LBTYK is a leading international telecommunications and television company, headquartered in London. Established in 2005 through the merger of UGC Europe and Liberty Media International, the company has grown into one of the largest broadband and video service providers outside North America. Liberty Global focuses on delivering high-speed internet, digital video, mobile telephony and fixed-line communications to residential and business customers.

The company's core services include ultra‐fast broadband, pay television, voice services and mobile offerings.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.