Liberty Latin America (NASDAQ:LILAK) Issues Quarterly Earnings Results

Liberty Latin America (NASDAQ:LILAK) posted its earnings results on Wednesday. The company reported ($0.90) EPS for the quarter, missing the consensus estimate of $0.15 by ($1.05), Zacks reports. Liberty Latin America had a negative return on equity of 27.22% and a negative net margin of 13.02%.

Liberty Latin America Stock Up 1.7 %

Liberty Latin America stock traded up $0.12 during mid-day trading on Wednesday, reaching $7.15. The stock had a trading volume of 1,419,953 shares, compared to its average volume of 792,708. The company has a debt-to-equity ratio of 4.31, a current ratio of 1.06 and a quick ratio of 1.06. The company has a market capitalization of $1.41 billion, a price-to-earnings ratio of -2.44 and a beta of 1.02. Liberty Latin America has a one year low of $5.88 and a one year high of $10.93. The company has a 50-day moving average price of $6.59 and a two-hundred day moving average price of $8.10.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Scotiabank dropped their price target on Liberty Latin America from $9.40 to $8.30 and set a “sector outperform” rating on the stock in a research note on Friday, November 8th. The Goldman Sachs Group lowered their target price on shares of Liberty Latin America from $10.50 to $7.50 and set a “neutral” rating on the stock in a research note on Wednesday, December 4th.

Insider Activity at Liberty Latin America

In other news, Director Brendan J. Paddick acquired 5,053 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The stock was bought at an average price of $6.93 per share, with a total value of $35,017.29. Following the completion of the acquisition, the director now directly owns 1,343,021 shares of the company’s stock, valued at approximately $9,307,135.53. The trade was a 0.38 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders bought 156,298 shares of company stock valued at $1,043,886 over the last 90 days. Corporate insiders own 9.66% of the company’s stock.

About Liberty Latin America

Liberty Latin America Ltd., together with its subsidiaries, provides fixed, mobile, and subsea telecommunications services. The company operates through C&W Caribbean, C&W Panama, Liberty Networks, Liberty Puerto Rico, and Liberty Costa Rico segments. It offers communications and entertainment services, including video, broadband internet, fixed-line, telephony, and mobiles services to residential and business customers; and business products and services that include enterprise-grade connectivity, data center, hosting, and managed solutions, as well as information technology solutions for small and medium enterprises, international companies, and governmental agencies.