GCI Liberty Inc Class A (GLIBA) Releases Earnings Results, Misses Expectations By $0.62 EPS

GCI Liberty Inc Class A (NASDAQ:GLIBA) issued its earnings results on Thursday. The company reported ($0.73) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.11) by ($0.62), Morningstar.com reports. The firm had revenue of $210.15 million during the quarter, compared to the consensus estimate of $234.00 million. GCI Liberty Inc Class A had a negative net margin of 81.45% and a negative return on equity of 25.80%.

GCI Liberty Inc Class A stock traded down $1.92 during trading hours on Friday, hitting $46.60. The company had a trading volume of 17,419 shares, compared to its average volume of 548,046. The company has a debt-to-equity ratio of 0.64, a current ratio of 5.63 and a quick ratio of 5.63. GCI Liberty Inc Class A has a one year low of $41.33 and a one year high of $55.47.

GLIBA has been the topic of several research analyst reports. Zacks Investment Research raised shares of GCI Liberty Inc Class A from a “sell” rating to a “hold” rating in a report on Monday, July 30th. B. Riley lowered their price target on shares of GCI Liberty Inc Class A from $70.00 to $62.00 and set a “buy” rating on the stock in a report on Thursday, August 2nd.

A number of institutional investors have recently added to or reduced their stakes in the business. Financial Architects Inc acquired a new position in shares of GCI Liberty Inc Class A during the 2nd quarter worth approximately $131,000. The Manufacturers Life Insurance Company acquired a new position in shares of GCI Liberty Inc Class A during the 1st quarter worth approximately $163,000. BNP Paribas Arbitrage SA grew its position in shares of GCI Liberty Inc Class A by 939.1% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,115 shares of the company’s stock worth $186,000 after purchasing an additional 3,719 shares in the last quarter. Allianz Asset Management GmbH acquired a new position in shares of GCI Liberty Inc Class A during the 1st quarter worth approximately $201,000. Finally, Howland Capital Management LLC acquired a new position in shares of GCI Liberty Inc Class A during the 3rd quarter worth approximately $204,000. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION WARNING: This piece of content was reported by WKRB News and is the property of of WKRB News. If you are accessing this piece of content on another domain, it was illegally stolen and republished in violation of U.S. & international copyright and trademark laws. The legal version of this piece of content can be accessed at https://www.wkrb13.com/2018/11/09/gci-liberty-inc-class-a-gliba-releases-earnings-results-misses-expectations-by-0-62-eps.html.

About GCI Liberty Inc Class A

GCI Liberty, Inc provides various communication services in the United States. The company offers data, wireless, video, voice, and managed services to residential customers, businesses, governmental entities, and educational and medical institutions. It also provides cable services; and online invitation and social event planning services, as well as engages in the online lending and real estate business.

Further Reading: Retained Earnings

Receive News & Ratings for GCI Liberty Inc Class A Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GCI Liberty Inc Class A and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply