Liberty Latin America (NASDAQ:LILA) Announces Quarterly Earnings Results

Liberty Latin America (NASDAQ:LILA – Get Free Report) issued its quarterly earnings data on Wednesday. The company reported ($0.42) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.33), FiscalAI reports. The firm had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.14 billion. Liberty Latin America had a negative net margin of 2.20% and a negative return on equity of 9.29%.

Liberty Latin America Price Performance

NASDAQ LILA traded down $0.07 during mid-day trading on Wednesday, reaching $8.66. 399,898 shares of the company’s stock traded hands, compared to its average volume of 318,740. The company has a debt-to-equity ratio of 8.08, a current ratio of 1.19 and a quick ratio of 1.19. Liberty Latin America has a 1-year low of $4.77 and a 1-year high of $9.04. The company has a fifty day simple moving average of $8.47 and a 200-day simple moving average of $8.01.

Insider Buying and Selling at Liberty Latin America

In related news, Director Angoitia Alfonso De purchased 313,104 shares of the firm’s stock in a transaction dated Wednesday, September 2nd. The stock was acquired at an average price of $20.95 per share, with a total value of $6,559,528.80. Following the completion of the transaction, the director owned 476,190 shares of the company’s stock, valued at $9,976,180.50. This represents a 191.99% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Charles H. R. Bracken sold 42,975 shares of Liberty Latin America stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $8.57, for a total transaction of $368,295.75. The SEC filing for this sale provides additional information. Insiders have acquired a total of 970,439 shares of company stock valued at $16,180,721 in the last three months. Corporate insiders own 6.25% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on LILA. UBS Group raised shares of Liberty Latin America to a “hold” rating in a research report on Thursday, September 3rd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Liberty Latin America in a report on Thursday, October 15th. Finally, Morgan Stanley downgraded shares of Liberty Latin America from an “equal weight” rating to an “underweight” rating and set a $7.00 price target on the stock. in a research note on Thursday, August 20th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus target price of $10.00.

View Our Latest Stock Analysis on Liberty Latin America

Liberty Latin America Company Profile

(Get Free Report)

Liberty Latin America Ltd. (NASDAQ: LILA) is a telecommunications and connectivity company serving customers across Latin America and the Caribbean. Its operations provide broadband internet, mobile and fixed-line communications, video and entertainment services, and business connectivity solutions to residential, commercial, and government customers.

The company operates through a portfolio of regional businesses and brands, including Liberty and Flow, as well as operations in markets such as Puerto Rico, Chile, Costa Rica, Panama, and several Caribbean countries.

See Also

Earnings History for Liberty Latin America (NASDAQ:LILA)

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