$0.39 EPS Expected for Liberty Broadband Corp Series C (NASDAQ:LBRDK) This Quarter

Equities analysts forecast that Liberty Broadband Corp Series C (NASDAQ:LBRDK) will announce $0.39 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have issued estimates for Liberty Broadband Corp Series C’s earnings, with estimates ranging from $0.37 to $0.41. Liberty Broadband Corp Series C posted earnings of $0.33 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 18.2%. The business is scheduled to announce its next earnings results on Thursday, November 7th.

On average, analysts expect that Liberty Broadband Corp Series C will report full year earnings of $1.11 per share for the current year, with EPS estimates ranging from $0.96 to $1.25. For the next fiscal year, analysts anticipate that the company will report earnings of $3.19 per share, with EPS estimates ranging from $3.14 to $3.23. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that follow Liberty Broadband Corp Series C.

Liberty Broadband Corp Series C (NASDAQ:LBRDK) last issued its earnings results on Thursday, August 1st. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.37). The business had revenue of $3.75 million for the quarter. Liberty Broadband Corp Series C had a return on equity of 0.68% and a net margin of 504.89%.

LBRDK has been the subject of several analyst reports. Zacks Investment Research raised Liberty Broadband Corp Series C from a “strong sell” rating to a “hold” rating in a research report on Thursday. Citigroup started coverage on Liberty Broadband Corp Series C in a research note on Friday, October 4th. They set a “buy” rating and a $125.00 price objective on the stock. TD Securities upgraded Liberty Broadband Corp Series C from a “hold” rating to a “buy” rating and set a $125.00 price target on the stock in a research report on Friday, August 9th. Morgan Stanley increased their price target on Liberty Broadband Corp Series C from $110.00 to $117.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 17th. Finally, ValuEngine cut Liberty Broadband Corp Series C from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $119.25.

Institutional investors have recently made changes to their positions in the company. Advisory Alpha LLC bought a new position in Liberty Broadband Corp Series C in the 1st quarter worth approximately $26,000. Private Ocean LLC bought a new position in Liberty Broadband Corp Series C in the 2nd quarter worth approximately $26,000. Meeder Asset Management Inc. bought a new position in Liberty Broadband Corp Series C in the 2nd quarter worth approximately $27,000. Ossiam bought a new position in Liberty Broadband Corp Series C in the 2nd quarter worth approximately $31,000. Finally, TRUE Private Wealth Advisors bought a new position in Liberty Broadband Corp Series C in the 2nd quarter worth approximately $33,000. Institutional investors and hedge funds own 54.29% of the company’s stock.

Liberty Broadband Corp Series C stock opened at $107.04 on Wednesday. The stock has a fifty day moving average price of $106.00 and a 200 day moving average price of $101.46. Liberty Broadband Corp Series C has a 52 week low of $68.47 and a 52 week high of $109.72. The company has a current ratio of 2.53, a quick ratio of 2.53 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $19.54 billion, a P/E ratio of 269.02 and a beta of 1.25.

About Liberty Broadband Corp Series C

Liberty Broadband Corporation, a cable operator, provides video, Internet, and voice services to residential, and small and medium business customers in the United States. The company operates through Skyhook and Charter segments. The Skyhook segment offers Precision Location Solution, a location determination service for mobile device makers, wireless carriers, and asset tracking platforms to understand the precise geographic location and movement of mobile devices, as well as for enhancing the location determination capabilities of a hybrid location system.

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