GCI Liberty Inc Class A (GLIBA) Posts Quarterly Earnings Results, Misses Expectations By $0.62 EPS

GCI Liberty Inc Class A (NASDAQ:GLIBA) announced its quarterly earnings results on Thursday. The company reported ($0.73) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.62), Morningstar.com reports. The company had revenue of $210.15 million for the quarter, compared to the consensus estimate of $234.00 million. GCI Liberty Inc Class A had a negative net margin of 81.45% and a negative return on equity of 25.80%.

NASDAQ:GLIBA opened at $46.61 on Friday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 5.63 and a current ratio of 5.63. GCI Liberty Inc Class A has a one year low of $41.33 and a one year high of $55.47.

Large investors have recently bought and sold shares of the stock. Financial Architects Inc acquired a new stake in GCI Liberty Inc Class A during the 2nd quarter worth approximately $131,000. The Manufacturers Life Insurance Company acquired a new stake in GCI Liberty Inc Class A during the 1st quarter worth approximately $163,000. Allianz Asset Management GmbH acquired a new stake in GCI Liberty Inc Class A during the 1st quarter worth approximately $201,000. Howland Capital Management LLC acquired a new stake in GCI Liberty Inc Class A during the 3rd quarter worth approximately $204,000. Finally, Parametrica Management Ltd acquired a new stake in GCI Liberty Inc Class A during the 3rd quarter worth approximately $207,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Several equities research analysts recently issued reports on GLIBA shares. Zacks Investment Research raised shares of GCI Liberty Inc Class A from a “sell” rating to a “hold” rating in a report on Monday, July 30th. B. Riley decreased their price target on shares of GCI Liberty Inc Class A from $70.00 to $62.00 and set a “buy” rating on the stock in a report on Thursday, August 2nd.

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GCI Liberty Inc Class A Company Profile

GCI Liberty, Inc provides various communication services in the United States. The company offers data, wireless, video, voice, and managed services to residential customers, businesses, governmental entities, and educational and medical institutions. It also provides cable services; and online invitation and social event planning services, as well as engages in the online lending and real estate business.

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