Liberty Global (LBTYA) Projected to Announce Earnings on Tuesday

Key Points

• Liberty Global is expected to report earnings before the market opens Tuesday, November 3. Analysts forecast a quarterly loss of $0.3224 per share on revenue of approximately $1.55 billion.
• The company’s previous quarter missed expectations, posting a $1.07-per-share loss versus the $0.48 consensus estimate, while revenue of $1.17 billion also fell short of forecasts.
• Shares opened at $7.54, near their 52-week low of $7.36 and well below their moving averages. Analysts have a consensus “Hold” rating and an average price target of $12.78, although recent recommendations range from “Sell” to “Buy.”

Liberty Global (NASDAQ:LBTYA - Get Free Report) is anticipated to post its results before the market opens on Tuesday, November 3rd. Analysts expect the company to post earnings of ($0.3224) per share and revenue of $1.55 billion for the quarter.

Liberty Global (NASDAQ:LBTYA - Get Free Report) last announced its quarterly earnings data on Friday, July 24th. The company reported ($1.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.48) by ($0.59). Liberty Global had a negative net margin of 62.12% and a negative return on equity of 28.83%. The business had revenue of $1.17 billion for the quarter, compared to analysts' expectations of $1.34 billion. On average, analysts expect Liberty Global to post ($1.47) EPS for the current fiscal year and ($1.70) EPS for the next fiscal year.

Liberty Global Stock Down 4.1%

LBTYA opened at $7.54 on Tuesday. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.28 and a quick ratio of 1.28. The company's 50 day simple moving average is $9.67 and its two-hundred day simple moving average is $11.08. Liberty Global has a 1-year low of $7.36 and a 1-year high of $13.52.

Analysts Set New Price Targets

Several brokerages have recently weighed in on LBTYA. Barclays lowered their target price on Liberty Global from $10.00 to $7.00 and set an "equal weight" rating on the stock in a report on Tuesday, October 20th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Liberty Global in a report on Friday, July 31st. Wall Street Zen upgraded Liberty Global to a "sell" rating in a research report on Saturday, October 17th. New Street Research raised Liberty Global from a "hold" rating to a "buy" rating and set a $14.00 price objective on the stock in a research note on Tuesday, October 20th. Finally, UBS Group lowered their price objective on Liberty Global from $12.10 to $11.90 and set a "neutral" rating on the stock in a research note on Tuesday, August 4th. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $12.78.

Liberty Global Company Profile

Liberty Global plc is an international telecommunications and media company that invests in and operates broadband, mobile, fixed-line, video and related digital services. Its offerings generally include high-speed internet, television, telephony, mobile connectivity and business communications services for residential and enterprise customers.

The company has operations and strategic investments across Europe. Its portfolio includes Sunrise in Switzerland and Telenet in Belgium, as well as 50% interests in Virgin Media O2 in the United Kingdom, a joint venture with Telefónica, and VodafoneZiggo in the Netherlands, a joint venture with Vodafone.

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