Liberty Broadband (NASDAQ:LBRDK) Posts Earnings Results, Misses Expectations By $1.63 EPS

Liberty Broadband (NASDAQ:LBRDK) announced its quarterly earnings results on Thursday. The company reported $2.04 EPS for the quarter, missing the consensus estimate of $3.67 by ($1.63), Zacks reports. Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%.

Liberty Broadband Price Performance

Shares of NASDAQ:LBRDK opened at $81.21 on Friday. The stock has a market capitalization of $11.60 billion, a P/E ratio of 14.96 and a beta of 1.04. The business has a 50-day moving average of $77.85 and a two-hundred day moving average of $76.91. Liberty Broadband has a fifty-two week low of $46.46 and a fifty-two week high of $101.50. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.07 and a quick ratio of 2.07.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on shares of Liberty Broadband in a research report on Tuesday. They issued a “sell” rating for the company.

Insider Activity

In related news, CEO Gregory B. Maffei sold 125,000 shares of the company’s stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $79.74, for a total transaction of $9,967,500.00. Following the completion of the sale, the chief executive officer now directly owns 1,435,256 shares of the company’s stock, valued at approximately $114,447,313.44. This represents a 8.01 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 10.80% of the stock is currently owned by insiders.

About Liberty Broadband

Liberty Broadband Corporation engages in the communications businesses. The company's GCI Holdings segment provides data, wireless, video, voice, and managed services to residential customers, businesses, governmental entities, educational, and medical institutions in Alaska under the GCI brand.