Liberty Global (NASDAQ:LBTYA) Releases Quarterly Earnings Results, Beats Estimates By $7.25 EPS

Liberty Global (NASDAQ:LBTYA) announced its quarterly earnings data on Tuesday. The company reported $6.33 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.92) by $7.25, Zacks reports. Liberty Global had a negative net margin of 54.02% and a negative return on equity of 22.30%.

Liberty Global Stock Up 0.6 %

Liberty Global stock opened at $11.10 on Wednesday. The firm has a market capitalization of $3.97 billion, a P/E ratio of -1.09 and a beta of 1.24. The stock’s fifty day simple moving average is $12.00 and its 200-day simple moving average is $16.27. Liberty Global has a twelve month low of $10.82 and a twelve month high of $21.56. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.80.

Insider Buying and Selling

In other Liberty Global news, major shareholder Nicholas V. Tompras sold 57,000 shares of the firm’s stock in a transaction on Friday, December 27th. The stock was sold at an average price of $12.94, for a total value of $737,580.00. Following the sale, the insider now directly owns 16,153 shares in the company, valued at $209,019.82. This trade represents a 77.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Charles H. R. Bracken sold 84,103 shares of the stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $14.56, for a total value of $1,224,539.68. Following the completion of the transaction, the chief financial officer now owns 53,312 shares in the company, valued at approximately $776,222.72. The trade was a 61.20 % decrease in their position. The disclosure for this sale can be found here. 11.51% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts have issued reports on LBTYA shares. Deutsche Bank Aktiengesellschaft cut their target price on Liberty Global from $23.00 to $20.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. Sanford C. Bernstein lowered shares of Liberty Global from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $24.70 to $12.40 in a research report on Thursday, January 23rd. UBS Group cut Liberty Global from a “buy” rating to a “neutral” rating and cut their target price for the stock from $23.00 to $13.00 in a research note on Monday, November 18th. Benchmark reiterated a “buy” rating and set a $27.00 price target on shares of Liberty Global in a report on Tuesday, October 29th. Finally, Barclays decreased their target price on shares of Liberty Global from $20.00 to $12.00 and set an “equal weight” rating on the stock in a research report on Monday, November 25th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $17.75.

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.