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

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

Liberty Latin America Stock Performance

Shares of LILA traded down $0.03 on Thursday, reaching $8.58. 141,683 shares of the stock traded hands, compared to its average volume of 437,407. The firm has a market cap of $1.76 billion, a price-to-earnings ratio of -33.12 and a beta of 1.12. Liberty Latin America has a 12 month low of $5.90 and a 12 month high of $9.85. The stock’s 50-day moving average price is $7.08 and its 200-day moving average price is $6.98. The company has a debt-to-equity ratio of 3.29, a current ratio of 1.13 and a quick ratio of 1.13.

Insider Buying and Selling

In other Liberty Latin America news, major shareholder John C. Malone acquired 35,780 shares of the company’s stock in a transaction dated Wednesday, March 20th. The stock was bought at an average price of $6.43 per share, for a total transaction of $230,065.40. Following the purchase, the insider now owns 7,402,498 shares in the company, valued at approximately $47,598,062.14. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, Director Paul A. Gould acquired 200,000 shares of the company’s stock in a transaction on Wednesday, March 20th. The stock was purchased at an average cost of $6.47 per share, for a total transaction of $1,294,000.00. Following the completion of the purchase, the director now directly owns 445,916 shares of the company’s stock, valued at approximately $2,885,076.52. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, 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 acquisition, the insider now owns 7,402,498 shares in the company, valued at approximately $47,598,062.14. The disclosure for this purchase can be found here. Insiders bought a total of 1,220,056 shares of company stock valued at $8,247,512 over the last ninety days. 11.35% of the stock is owned by company insiders.

Analysts Set New Price Targets

Separately, Barclays reduced their price target on shares of Liberty Latin America from $9.00 to $8.00 and set an “equal weight” rating for the company in a report on Tuesday.

Liberty Latin America Company Profile

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.