Liberty Latin America (NASDAQ:LILAK) Releases Earnings Results, Misses Estimates By $1.05 EPS

Liberty Latin America (NASDAQ:LILAK) issued its quarterly earnings results on Wednesday. The company reported ($0.90) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($1.05), Zacks reports. Liberty Latin America had a negative return on equity of 27.22% and a negative net margin of 13.02%.

Liberty Latin America Stock Performance

Liberty Latin America stock traded up $0.12 during trading hours on Wednesday, hitting $7.15. 1,419,953 shares of the stock traded hands, compared to its average volume of 792,708. The company has a debt-to-equity ratio of 4.31, a current ratio of 1.06 and a quick ratio of 1.06. Liberty Latin America has a 1 year low of $5.88 and a 1 year high of $10.93. The stock has a market capitalization of $1.41 billion, a price-to-earnings ratio of -2.44 and a beta of 1.02. The firm’s 50 day moving average price is $6.59 and its 200-day moving average price is $8.10.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on LILAK. The Goldman Sachs Group lowered their price target on Liberty Latin America from $10.50 to $7.50 and set a “neutral” rating for the company in a report on Wednesday, December 4th. Scotiabank reduced their price objective on shares of Liberty Latin America from $9.40 to $8.30 and set a “sector outperform” rating for the company in a research note on Friday, November 8th.

Insiders Place Their Bets

In other news, Director Brendan J. Paddick bought 35,475 shares of the company’s stock in a transaction on Tuesday, November 26th. The stock was bought at an average cost of $7.04 per share, with a total value of $249,744.00. Following the transaction, the director now directly owns 1,273,443 shares in the company, valued at $8,965,038.72. The trade was a 2.87 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have acquired 156,298 shares of company stock valued at $1,043,886 in the last ninety days. 9.66% of the stock is currently owned by corporate insiders.

Liberty Latin America Company Profile

Liberty Latin America Ltd., together with its subsidiaries, provides fixed, mobile, and subsea telecommunications services. The company operates through C&W Caribbean, C&W Panama, Liberty Networks, Liberty Puerto Rico, and Liberty Costa Rico segments. It offers communications and entertainment services, including video, broadband internet, fixed-line, telephony, and mobiles services to residential and business customers; and business products and services that include enterprise-grade connectivity, data center, hosting, and managed solutions, as well as information technology solutions for small and medium enterprises, international companies, and governmental agencies.