Liberty Global (LBTYA) Expected to Announce Earnings on Thursday

Liberty Global (NASDAQ:LBTYA) is expected to be issuing its results before the market opens on Thursday, October 30th. Analysts expect the company to announce earnings of $3.29 per share and revenue of $1.2329 billion for the quarter.

Liberty Global (NASDAQ:LBTYA) last announced its quarterly earnings data on Friday, August 1st. The company reported ($8.09) EPS for the quarter, missing analysts’ consensus estimates of ($0.55) by ($7.54). Liberty Global had a negative return on equity of 22.64% and a negative net margin of 60.38%.The company had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.20 billion. On average, analysts expect Liberty Global to post $-1 EPS for the current fiscal year and $-2 EPS for the next fiscal year.

Liberty Global Trading Down 0.3%

NASDAQ:LBTYA opened at $11.07 on Thursday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.59. Liberty Global has a 1-year low of $9.02 and a 1-year high of $21.22. The firm has a market capitalization of $3.77 billion, a price-to-earnings ratio of -1.13 and a beta of 1.15. The business’s 50-day moving average price is $11.50 and its two-hundred day moving average price is $10.58.

Insider Buying and Selling

In related news, Director Miranda Curtis sold 42,600 shares of the business’s stock in a transaction on Monday, August 25th. The shares were sold at an average price of $11.77, for a total value of $501,402.00. Following the sale, the director directly owned 129,305 shares of the company’s stock, valued at approximately $1,521,919.85. The trade was a 24.78% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Charles H. R. Bracken sold 60,000 shares of the company’s stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $11.31, for a total transaction of $678,600.00. Following the completion of the transaction, the chief financial officer directly owned 33,220 shares of the company’s stock, valued at approximately $375,718.20. The trade was a 64.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 136,980 shares of company stock worth $1,577,091 over the last ninety days. Company insiders own 13.29% of the company’s stock.

Institutional Investors Weigh In On Liberty Global

Hedge funds and other institutional investors have recently bought and sold shares of the company. EverSource Wealth Advisors LLC boosted its position in Liberty Global by 79.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,795 shares of the company’s stock worth $28,000 after acquiring an additional 1,238 shares during the last quarter. California State Teachers Retirement System lifted its position in shares of Liberty Global by 1.3% in the second quarter. California State Teachers Retirement System now owns 152,155 shares of the company’s stock worth $1,523,000 after purchasing an additional 1,999 shares in the last quarter. Lazard Asset Management LLC boosted its holdings in Liberty Global by 2.2% during the second quarter. Lazard Asset Management LLC now owns 113,135 shares of the company’s stock worth $1,132,000 after purchasing an additional 2,420 shares during the last quarter. Headlands Technologies LLC bought a new position in Liberty Global in the second quarter valued at $47,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in Liberty Global in the 1st quarter valued at $64,000. Institutional investors and hedge funds own 37.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on LBTYA shares. Berenberg Bank upgraded shares of Liberty Global to a “hold” rating in a research report on Thursday, June 26th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Liberty Global in a report on Wednesday, October 8th. UBS Group boosted their price target on shares of Liberty Global from $10.60 to $11.80 and gave the company a “neutral” rating in a report on Wednesday, August 6th. Benchmark reaffirmed a “buy” rating and set a $21.00 price objective (up previously from $18.00) on shares of Liberty Global in a research note on Monday, August 4th. Finally, Zacks Research upgraded Liberty Global to a “hold” rating in a report on Wednesday, September 3rd. Two research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $14.26.

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.