Liberty Global (NASDAQ:LBTYA) Releases Quarterly Earnings Results

Liberty Global (NASDAQ:LBTYA) announced its earnings results on Wednesday. The company reported $1.32 earnings per share (EPS) for the quarter, Zacks reports. Liberty Global had a negative net margin of 54.08% and a negative return on equity of 19.26%. The business had revenue of $1.95 billion for the quarter. During the same quarter last year, the business posted ($1.59) earnings per share.

Liberty Global Price Performance

Shares of LBTYA traded up $0.37 during trading hours on Thursday, reaching $16.64. The company had a trading volume of 2,925,526 shares, compared to its average volume of 1,605,006. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.79. Liberty Global has a 12-month low of $15.01 and a 12-month high of $20.56. The firm has a 50 day simple moving average of $16.96 and a 200-day simple moving average of $17.19. The company has a market capitalization of $6.28 billion, a price-to-earnings ratio of -1.77 and a beta of 1.16.

Insider Buying and Selling

In other news, EVP Andrea Salvato sold 32,403 shares of the business’s stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $17.70, for a total transaction of $573,533.10. Following the sale, the executive vice president now owns 102,286 shares of the company’s stock, valued at approximately $1,810,462.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, EVP Andrea Salvato sold 32,403 shares of Liberty Global stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $17.70, for a total transaction of $573,533.10. Following the completion of the transaction, the executive vice president now owns 102,286 shares of the company’s stock, valued at approximately $1,810,462.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Jason Waldron sold 11,226 shares of the stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $19.29, for a total transaction of $216,549.54. Following the completion of the sale, the chief accounting officer now directly owns 70,666 shares in the company, valued at $1,363,147.14. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 113,629 shares of company stock valued at $2,046,783. Corporate insiders own 11.51% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on LBTYA. HSBC downgraded shares of Liberty Global from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $26.00 to $20.00 in a research report on Monday, March 18th. Barclays increased their price target on Liberty Global from $22.00 to $23.00 and gave the stock an “equal weight” rating in a report on Friday, January 12th. TheStreet raised shares of Liberty Global from a “d+” rating to a “c-” rating in a research note on Thursday, January 25th. Bank of America cut shares of Liberty Global from a “neutral” rating to an “underperform” rating in a research note on Friday, February 23rd. Finally, UBS Group dropped their price target on shares of Liberty Global from $23.00 to $22.50 and set a “buy” rating on the stock in a research note on Monday, February 26th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Liberty Global currently has a consensus rating of “Hold” and a consensus price target of $24.75.

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.