Liberty Global (LBTYA) Releases Earnings Results, Misses Expectations By $0.83 EPS

Liberty Global (NASDAQ:LBTYA) issued its quarterly earnings results on Wednesday. The company reported ($0.56) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.27 by ($0.83), Fidelity Earnings reports. Liberty Global had a negative return on equity of 27.88% and a negative net margin of 11.46%. The business had revenue of $2.96 billion for the quarter, compared to the consensus estimate of $2.94 billion.

NASDAQ LBTYA traded down $0.40 on Friday, reaching $25.12. 2,084,200 shares of the stock traded hands, compared to its average volume of 1,906,814. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 5.98. The firm has a market cap of $19.68 billion, a PE ratio of -10.97 and a beta of 1.59. Liberty Global has a 12 month low of $23.17 and a 12 month high of $39.73.

A number of brokerages recently issued reports on LBTYA. Zacks Investment Research raised Liberty Global from a “sell” rating to a “hold” rating in a research note on Wednesday, July 25th. BidaskClub raised Liberty Global from a “sell” rating to a “hold” rating in a research note on Friday, August 3rd. HSBC set a $35.00 price target on Liberty Global and gave the stock a “buy” rating in a research note on Thursday, October 18th. UBS Group raised Liberty Global from a “neutral” rating to a “buy” rating and decreased their price target for the stock from $37.00 to $33.50 in a research note on Friday, August 24th. Finally, Pivotal Research reaffirmed a “buy” rating and set a $35.00 target price on shares of Liberty Global in a research report on Tuesday, September 11th. Four equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and eleven have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $37.55.

In other Liberty Global news, CFO Charles H. R. Bracken sold 46,054 shares of Liberty Global stock in a transaction on Monday, September 17th. The stock was sold at an average price of $27.27, for a total transaction of $1,255,892.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 5.93% of the company’s stock.

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Liberty Global Company Profile

Liberty Global plc, together with its subsidiaries, provides video, broadband Internet, fixed-line telephony, mobile, and other communications services to residential customers and businesses in Europe. It offers video services, including digital video programming and audio services starting with a basic video service, video-on-demand, electronic programming guide, various premium channel packages, digital video recorders, various mobile applications, and set-top boxes.

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Earnings History for Liberty Global (NASDAQ:LBTYA)

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