Brokerages Anticipate Liberty Global PLC (LBTYA) to Post $0.17 Earnings Per Share

Equities research analysts expect Liberty Global PLC (NASDAQ:LBTYA) to report earnings per share of $0.17 for the current quarter, Zacks reports. Zero analysts have made estimates for Liberty Global’s earnings. Liberty Global posted earnings of ($0.68) per share during the same quarter last year, which indicates a positive year over year growth rate of 125%. The business is expected to report its next quarterly earnings report on Wednesday, February 13th.

According to Zacks, analysts expect that Liberty Global will report full-year earnings of ($0.32) per share for the current year, with EPS estimates ranging from ($1.06) to $0.10. For the next financial year, analysts forecast that the firm will report earnings of $0.46 per share, with EPS estimates ranging from ($0.20) to $1.30. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that cover Liberty Global.

Liberty Global (NASDAQ:LBTYA) last announced its earnings results on Wednesday, November 7th. The company reported ($0.56) earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.83). Liberty Global had a negative return on equity of 36.93% and a negative net margin of 2.06%. The business had revenue of $2.96 billion for the quarter, compared to analysts’ expectations of $2.94 billion.

Several equities analysts have recently issued reports on LBTYA shares. Zacks Investment Research raised shares of Liberty Global from a “hold” rating to a “buy” rating and set a $32.00 price target for the company in a report on Monday, October 1st. Pivotal Research reissued a “buy” rating and set a $35.00 price target on shares of Liberty Global in a report on Tuesday, September 11th. BidaskClub downgraded shares of Liberty Global from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 21st. UBS Group raised shares of Liberty Global from a “neutral” rating to a “buy” rating and reduced their price target for the company from $37.00 to $33.50 in a report on Friday, August 24th. Finally, HSBC set a $35.00 price target on shares of Liberty Global and gave the company a “buy” rating in a report on Thursday, October 18th. Four research analysts have rated the stock with a sell rating, two have issued a hold rating and eleven have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $37.50.

In related news, CFO Charles H. R. Bracken sold 46,054 shares of the company’s stock in a transaction dated Monday, September 17th. The shares were sold at an average price of $27.27, for a total value of $1,255,892.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 5.93% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Legal & General Group Plc lifted its holdings in Liberty Global by 2.2% in the 3rd quarter. Legal & General Group Plc now owns 897,621 shares of the company’s stock valued at $25,968,000 after acquiring an additional 18,946 shares during the last quarter. Nordea Investment Management AB acquired a new stake in Liberty Global in the 3rd quarter valued at about $270,000. Baupost Group LLC MA acquired a new stake in Liberty Global in the 3rd quarter valued at about $143,412,000. Great Lakes Advisors LLC acquired a new stake in Liberty Global in the 3rd quarter valued at about $1,635,000. Finally, Putnam Investments LLC acquired a new stake in Liberty Global in the 3rd quarter valued at about $7,894,000. 22.23% of the stock is owned by institutional investors.

LBTYA stock traded up $0.63 during trading on Friday, hitting $24.51. 63,127 shares of the company’s stock traded hands, compared to its average volume of 1,949,341. The company has a debt-to-equity ratio of 5.45, a current ratio of 0.36 and a quick ratio of 0.36. Liberty Global has a 52 week low of $22.21 and a 52 week high of $39.73. The firm has a market cap of $18.00 billion, a price-to-earnings ratio of -10.65 and a beta of 1.59.

About Liberty Global

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.

Recommended Story: What are the benefits of buying treasury bonds?

Get a free copy of the Zacks research report on Liberty Global (LBTYA)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Liberty Global (NASDAQ:LBTYA)

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

Leave a Reply