Liberty Latin America (NASDAQ:LILA) Releases Earnings Results, Misses Expectations By $0.16 EPS

Liberty Latin America (NASDAQ:LILA) posted its quarterly earnings data on Tuesday. The company reported ($0.30) EPS for the quarter, missing the consensus estimate of ($0.14) by ($0.16), Yahoo Finance reports. The company had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.12 billion. Liberty Latin America had a negative return on equity of 2.26% and a negative net margin of 1.21%. During the same quarter last year, the company earned ($0.23) earnings per share.

Liberty Latin America Price Performance

Shares of NASDAQ LILA traded up $0.06 during mid-day trading on Thursday, reaching $8.67. The company’s stock had a trading volume of 505,822 shares, compared to its average volume of 441,482. The company has a debt-to-equity ratio of 3.29, a current ratio of 1.13 and a quick ratio of 1.13. Liberty Latin America has a 52 week low of $5.90 and a 52 week high of $9.85. The stock has a fifty day moving average of $7.08 and a two-hundred day moving average of $6.98. The firm has a market capitalization of $1.78 billion, a PE ratio of -33.12 and a beta of 1.12.

Insider Activity at Liberty Latin America

In other news, CAO Brian D. Zook sold 27,711 shares of Liberty Latin America stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $6.76, for a total transaction of $187,326.36. Following the sale, the chief accounting officer now owns 34,798 shares in the company, valued at $235,234.48. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, major shareholder John C. Malone bought 35,780 shares of the stock in a transaction dated Wednesday, March 20th. The stock was purchased at an average cost of $6.43 per share, for a total transaction of $230,065.40. Following the transaction, the insider now owns 7,402,498 shares of the company’s stock, valued at $47,598,062.14. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Brian D. Zook sold 27,711 shares of the company’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $6.76, for a total transaction of $187,326.36. Following the sale, the chief accounting officer now directly owns 34,798 shares in the company, valued at approximately $235,234.48. The disclosure for this sale can be found here. In the last 90 days, insiders have acquired 1,220,056 shares of company stock valued at $8,247,512. 11.35% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Separately, Barclays decreased their price objective on Liberty Latin America from $9.00 to $8.00 and set an “equal weight” rating on the stock in a research note on Tuesday.

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.