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

Liberty Global (NASDAQ:LBTYA) issued 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 net margin of 23.09% and a return on equity of 9.04%. The company had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.84 billion.

Liberty Global Price Performance

NASDAQ LBTYA opened at $11.26 on Thursday. The company has a 50-day moving average price of $11.96 and a 200-day moving average price of $16.24. The firm has a market capitalization of $4.03 billion, a P/E ratio of 2.64 and a beta of 1.24. Liberty Global has a 52 week low of $10.55 and a 52 week high of $21.56. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.80.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Sanford C. Bernstein downgraded shares of Liberty Global from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $24.70 to $12.40 in a research report on Thursday, January 23rd. UBS Group cut shares of Liberty Global from a “buy” rating to a “neutral” rating and dropped their target price for the company from $23.00 to $13.00 in a report on Monday, November 18th. Bank of America cut shares of Liberty Global from a “neutral” rating to an “underperform” rating and dropped their target price for the company from $13.10 to $12.60 in a report on Friday, December 6th. Barclays dropped 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 report on Monday, November 25th. Finally, Benchmark reiterated a “buy” rating and issued a $27.00 price target on shares of Liberty Global in a research note on Tuesday, October 29th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $17.75.

Insider Buying and Selling

In other Liberty Global news, major shareholder Nicholas V. Tompras sold 57,000 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 16,153 shares in the company, valued at $209,019.82. This represents a 77.92 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Charles H. R. Bracken sold 84,103 shares of the company’s stock in a transaction that occurred on 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 owns 53,312 shares of the company’s stock, valued at $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 currently owned by insiders.

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.