Liberty Global (NASDAQ:LBTYK) Releases Quarterly Earnings Results, Beats Expectations By $7.19 EPS

Liberty Global (NASDAQ:LBTYK) announced its quarterly earnings data on Tuesday. The company reported $6.33 earnings per share for the quarter, topping the consensus estimate of ($0.86) by $7.19, Zacks reports. Liberty Global had a return on equity of 9.04% and a net margin of 23.09%. The business had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.84 billion.

Liberty Global Price Performance

Shares of LBTYK stock opened at $11.54 on Thursday. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.80. The company has a market cap of $4.13 billion, a P/E ratio of 2.75 and a beta of 1.19. Liberty Global has a twelve month low of $10.83 and a twelve month high of $22.14. The business has a fifty day simple moving average of $12.35 and a 200 day simple moving average of $16.65.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on Liberty Global in a research report on Friday, January 17th. They set a “hold” rating for the company.

Insider Buying and Selling at Liberty Global

In other Liberty Global news, CFO Charles H. R. Bracken sold 84,103 shares of the stock in a transaction dated Monday, December 2nd. The stock was 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 directly owns 53,312 shares in the company, valued at approximately $776,222.72. This trade represents a 61.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Nicholas V. Tompras sold 57,000 shares of the stock in a transaction dated Friday, December 27th. The shares were sold at an average price of $12.94, for a total value of $737,580.00. Following the completion of the transaction, the insider now owns 16,153 shares of the company’s stock, valued at $209,019.82. This represents a 77.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 9.86% of the company’s stock.

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.