Liberty Global (LBTYA) to Release Earnings on Thursday

Liberty Global (NASDAQ:LBTYA) is expected to be announcing its results before the market opens on Thursday, October 30th. Analysts expect the company to announce earnings of $3.29 per share and revenue of $1.2329 billion for the quarter.

Liberty Global (NASDAQ:LBTYA) last announced its earnings results on Friday, August 1st. The company reported ($8.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.55) by ($7.54). Liberty Global had a negative net margin of 60.38% and a negative return on equity of 22.64%. The company had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.20 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 Trading Down 1.4%

Shares of Liberty Global stock opened at $10.93 on Tuesday. Liberty Global has a 1 year low of $9.02 and a 1 year high of $21.22. The firm has a market cap of $3.72 billion, a PE ratio of -1.12 and a beta of 1.15. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.02 and a quick ratio of 1.02. The company has a 50 day simple moving average of $11.47 and a two-hundred day simple moving average of $10.60.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on LBTYA shares. UBS Group lifted their target price on shares of Liberty Global from $10.60 to $11.80 and gave the company a “neutral” rating in a research report on Wednesday, August 6th. Zacks Research upgraded shares of Liberty Global to a “hold” rating in a research report on Wednesday, September 3rd. Weiss Ratings reissued a “sell (d-)” rating on shares of Liberty Global in a research note on Wednesday, October 8th. Finally, Benchmark reissued a “buy” rating and set a $21.00 price target (up from $18.00) on shares of Liberty Global in a research note on Monday, August 4th. Two research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Liberty Global has an average rating of “Hold” and an average target price of $14.26.

Insider Buying and Selling

In related news, CFO Charles H. R. Bracken sold 60,000 shares of Liberty Global stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $11.31, for a total value of $678,600.00. Following the transaction, the chief financial officer directly owned 33,220 shares of the company’s stock, valued at $375,718.20. The trade was a 64.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Miranda Curtis sold 42,600 shares of Liberty Global stock in a transaction on Monday, August 25th. The stock was sold at an average price of $11.77, for a total transaction of $501,402.00. Following the completion of the transaction, the director directly owned 129,305 shares in the company, valued at approximately $1,521,919.85. The trade was a 24.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 136,980 shares of company stock valued at $1,577,091 over the last three months. 11.51% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in LBTYA. EverSource Wealth Advisors LLC increased its stake in shares of Liberty Global by 79.5% in the second quarter. EverSource Wealth Advisors LLC now owns 2,795 shares of the company’s stock worth $28,000 after buying an additional 1,238 shares during the period. Headlands Technologies LLC purchased a new position in Liberty Global during the 2nd quarter valued at $47,000. Cubist Systematic Strategies LLC purchased a new position in Liberty Global during the 1st quarter valued at $64,000. Prudential Financial Inc. purchased a new position in Liberty Global during the 2nd quarter valued at $100,000. Finally, State of Wyoming increased its position in Liberty Global by 118.4% during the 2nd quarter. State of Wyoming now owns 31,760 shares of the company’s stock valued at $318,000 after purchasing an additional 17,218 shares during the period. 37.20% of the stock is owned by hedge funds and other institutional investors.

Liberty Global Company Profile

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.