Liberty Global (NASDAQ:LILAK – Get Free Report) will likely be releasing its results after the market closes on Wednesday, November 4th. Analysts expect the company to post earnings of ($0.0142) per share and revenue of $1.14 billion for the quarter.
Liberty Global (NASDAQ:LILAK – Get Free Report) last issued its earnings results on Wednesday, August 5th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.15). Liberty Global had a negative net margin of 2.20% and a negative return on equity of 8.50%. The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.09 billion.
Liberty Global Price Performance
Shares of NASDAQ:LILAK opened at $8.38 on Monday. The stock has a market cap of $1.64 billion, a price-to-earnings ratio of -17.10 and a beta of 0.70. The company has a 50 day moving average of $8.41 and a 200-day moving average of $8.02. Liberty Global has a one year low of $4.76 and a one year high of $9.13.
Insider Transactions at Liberty Global
In other news, Director John C. Malone acquired 21,013 shares of Liberty Global stock in a transaction that occurred on Wednesday, September 30th. The shares were acquired at an average price of $8.98 per share, with a total value of $188,696.74. Following the purchase, the director directly owned 1,412,175 shares of the company’s stock, valued at $12,681,331.50. The trade was a 1.51% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Angoitia Alfonso De acquired 313,104 shares of the firm’s stock in a transaction that occurred on Wednesday, September 2nd. The shares were purchased at an average price of $20.95 per share, with a total value of $6,559,528.80. Following the acquisition, the director owned 476,190 shares of the company’s stock, valued at approximately $9,976,180.50. This trade represents a 191.99% increase in their position. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders bought 970,439 shares of company stock valued at $16,180,721. 9.66% of the stock is currently owned by company insiders.
Wall Street Analysts Forecast Growth
A number of analysts have commented on LILAK shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Liberty Global in a report on Thursday, October 15th. UBS Group started coverage on Liberty Global in a research note on Thursday, September 3rd. They issued a “neutral” rating and a $9.00 price target on the stock. Finally, Citigroup raised their price target on Liberty Global from $8.00 to $9.00 and gave the stock a “neutral” rating in a research report on Thursday, August 13th. Two equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Liberty Global has a consensus rating of “Reduce” and an average target price of $9.00.
Check Out Our Latest Stock Report on LILAK
Liberty Global Company Profile
NASDAQ:LILAK represents Class C ordinary shares of Liberty Latin America Ltd., not Liberty Global Ltd. Liberty Latin America is a telecommunications company serving customers across Latin America and the Caribbean. Its operations include broadband internet, mobile and fixed-line voice services, pay television, and business communications services.
The company provides connectivity and entertainment products to residential customers and offers data, voice, managed services, and information-technology solutions to businesses and government organizations.
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