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
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.
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