Liberty Broadband (LBRDK) to Release Earnings on Wednesday

Liberty Broadband (NASDAQ:LBRDK) will be releasing its earnings data before the market opens on Wednesday, May 8th. Analysts expect Liberty Broadband to post earnings of $2.38 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Liberty Broadband (NASDAQ:LBRDK) last posted its quarterly earnings results on Friday, February 16th. The company reported $1.39 EPS for the quarter, missing analysts’ consensus estimates of $2.62 by ($1.23). The company had revenue of $250.00 million during the quarter, compared to analyst estimates of $227.82 million. Liberty Broadband had a net margin of 70.13% and a return on equity of 7.76%. On average, analysts expect Liberty Broadband to post $10 EPS for the current fiscal year and $11 EPS for the next fiscal year.

Liberty Broadband Stock Up 1.2 %

LBRDK stock opened at $52.52 on Tuesday. The company has a market cap of $7.51 billion, a PE ratio of 11.25 and a beta of 0.97. The business has a 50-day simple moving average of $54.07 and a 200 day simple moving average of $68.98. Liberty Broadband has a 52 week low of $46.46 and a 52 week high of $95.68. The company has a quick ratio of 2.42, a current ratio of 2.42 and a debt-to-equity ratio of 0.42.

Analyst Upgrades and Downgrades

Separately, Citigroup dropped their price target on Liberty Broadband from $108.00 to $83.00 and set a “buy” rating for the company in a research note on Wednesday, February 7th.

Insider Activity at Liberty Broadband

In other Liberty Broadband news, Director J David Wargo sold 15,000 shares of the business’s stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $51.98, for a total transaction of $779,700.00. Following the completion of the transaction, the director now owns 72,332 shares of the company’s stock, valued at $3,759,817.36. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders sold a total of 45,000 shares of company stock valued at $2,435,830 over the last quarter. 10.80% of the stock is owned by corporate insiders.

Liberty Broadband Company Profile

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.