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

Liberty Global (NASDAQ:LBTYA) released its earnings results on Tuesday. The company reported $6.33 EPS for the quarter, topping 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%. The firm had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.84 billion.

Liberty Global Stock Down 4.1 %

NASDAQ:LBTYA opened at $10.63 on Wednesday. Liberty Global has a 1-year low of $10.82 and a 1-year high of $21.56. The company has a 50-day moving average of $12.00 and a 200 day moving average of $16.27. The firm has a market cap of $3.80 billion, a PE ratio of -1.06 and a beta of 1.24. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.19 and a quick ratio of 1.19.

Insider Buying and Selling

In other Liberty Global news, 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 transaction of $737,580.00. Following the completion of the sale, the insider now directly owns 16,153 shares of the company’s stock, valued at approximately $209,019.82. This represents a 77.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through 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 transaction of $1,224,539.68. Following the sale, the chief financial officer now directly owns 53,312 shares of the company’s stock, valued at approximately $776,222.72. The trade was a 61.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 11.51% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. UBS Group downgraded shares of Liberty Global from a “buy” rating to a “neutral” rating and decreased their price target for the company from $23.00 to $13.00 in a research note on Monday, November 18th. Bank of America downgraded shares of Liberty Global from a “neutral” rating to an “underperform” rating and decreased their price target for the company from $13.10 to $12.60 in a research note on Friday, December 6th. Barclays decreased their price target on shares of Liberty Global from $20.00 to $12.00 and set an “equal weight” rating on the stock in a research note on Monday, November 25th. Benchmark reaffirmed a “buy” rating and set a $27.00 price target on shares of Liberty Global in a research note on Tuesday, October 29th. Finally, Sanford C. Bernstein downgraded shares of Liberty Global from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $24.70 to $12.40 in a research note on Thursday, January 23rd. One analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target 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.