Liberty Global (NASDAQ:LBTYK) Issues Earnings Results, Beats Estimates By $7.19 EPS

Liberty Global (NASDAQ:LBTYK) released its earnings results on Tuesday. The company reported $6.33 EPS for the quarter, beating analysts’ consensus estimates of ($0.86) by $7.19, Zacks reports. The business had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.84 billion. Liberty Global had a negative return on equity of 22.30% and a negative net margin of 54.02%.

Liberty Global Trading Down 1.9 %

NASDAQ LBTYK traded down $0.22 during trading on Wednesday, hitting $11.03. 624,559 shares of the company’s stock traded hands, compared to its average volume of 1,257,609. The stock has a fifty day moving average of $12.39 and a two-hundred day moving average of $16.68. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.19 and a quick ratio of 1.19. Liberty Global has a 12-month low of $10.83 and a 12-month high of $22.14. The firm has a market cap of $3.94 billion, a P/E ratio of -1.09 and a beta of 1.19.

Insider Buying and Selling at Liberty Global

In other news, major shareholder Nicholas V. Tompras sold 57,000 shares of the stock in a transaction dated Friday, December 27th. The shares were sold at an average price of $12.94, for a total transaction of $737,580.00. Following the completion of the sale, the insider now directly owns 16,153 shares in the company, valued at approximately $209,019.82. This represents a 77.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Charles H. R. Bracken sold 84,103 shares of the stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $14.56, for a total transaction of $1,224,539.68. Following the sale, the chief financial officer now owns 53,312 shares of the company’s stock, valued at approximately $776,222.72. This represents a 61.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 9.86% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on Liberty Global in a research note on Friday, January 17th. They issued a “hold” rating on the stock.

About Liberty Global

Liberty Global Ltd., together with its subsidiaries, provides broadband internet, video, fixed-line telephony, and mobile communications services to residential and business customers. It offers value-added broadband services, such as WiFi features, security, anti-virus, firewall, spam protection, smart home services, online storage solutions, and web spaces; and Connect Box that delivers in-home Wi-Fi service.