Liberty Broadband (NASDAQ:LBRDK) Releases Quarterly Earnings Results, Misses Expectations By $1.63 EPS

Liberty Broadband (NASDAQ:LBRDK) announced its earnings results on Thursday. The company reported $2.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.67 by ($1.63), Zacks reports. Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%.

Liberty Broadband Price Performance

Shares of NASDAQ:LBRDK opened at $81.21 on Friday. The firm has a market capitalization of $11.60 billion, a PE ratio of 14.96 and a beta of 1.04. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.40. Liberty Broadband has a 1-year low of $46.46 and a 1-year high of $101.50. The business’s 50 day moving average is $77.85 and its 200-day moving average is $76.91.

Insider Activity at Liberty Broadband

In related news, CEO Gregory B. Maffei sold 125,000 shares of the company’s stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $79.74, for a total value of $9,967,500.00. Following the sale, the chief executive officer now owns 1,435,256 shares of the company’s stock, valued at $114,447,313.44. The trade was a 8.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 10.80% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on shares of Liberty Broadband in a report on Tuesday. They set a “sell” rating on the stock.

Liberty Broadband Company Profile

Liberty Broadband Corporation engages in the communications businesses. The company's GCI Holdings segment provides data, wireless, video, voice, and managed services to residential customers, businesses, governmental entities, educational, and medical institutions in Alaska under the GCI brand.