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

Liberty Global (NASDAQ:LBTYK) released its earnings results 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 negative net margin of 54.02% and a negative return on equity of 22.30%.

Liberty Global Stock Down 0.5 %

LBTYK stock opened at $11.25 on Wednesday. The company has a market capitalization of $4.02 billion, a P/E ratio of -1.11 and a beta of 1.19. Liberty Global has a 12 month low of $11.21 and a 12 month high of $22.14. The firm’s fifty day simple moving average is $12.39 and its 200-day simple moving average is $16.68. 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 at Liberty Global

In related news, CFO Charles H. R. Bracken sold 84,103 shares of the stock in a transaction on 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. This represents a 61.20 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, major shareholder Nicholas V. Tompras sold 57,000 shares of Liberty Global stock in a transaction on 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 transaction, the insider now directly owns 16,153 shares of the company’s stock, valued at $209,019.82. The trade was a 77.92 % decrease in their position. The disclosure for this sale can be found here. 9.86% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on Liberty Global in a report on Friday, January 17th. They issued a “hold” rating on the stock.

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.