Liberty Broadband (LBRDA) to Release Quarterly Earnings on Thursday

Liberty Broadband (NASDAQ:LBRDA) will be posting its quarterly earnings results before the market opens on Thursday, August 8th. Analysts expect Liberty Broadband to post earnings of $3.12 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Liberty Broadband (NASDAQ:LBRDA) last announced its quarterly earnings results on Wednesday, May 8th. The company reported $1.69 EPS for the quarter, missing analysts’ consensus estimates of $2.80 by ($1.11). Liberty Broadband had a net margin of 87.75% and a return on equity of 9.55%. The business had revenue of $245.00 million during the quarter, compared to the consensus estimate of $248.46 million. On average, analysts expect Liberty Broadband to post $12 EPS for the current fiscal year and $12 EPS for the next fiscal year.

Liberty Broadband Stock Down 1.1 %

Shares of NASDAQ:LBRDA opened at $62.85 on Wednesday. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 0.41. Liberty Broadband has a 12 month low of $47.17 and a 12 month high of $95.61. The company has a 50-day moving average price of $54.96 and a 200 day moving average price of $56.86. The company has a market cap of $8.98 billion, a price-to-earnings ratio of 10.67, a PEG ratio of 0.14 and a beta of 1.03.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Citigroup downgraded shares of Liberty Broadband from a “buy” rating to a “neutral” rating and lowered their price target for the company from $67.00 to $57.00 in a report on Wednesday, July 3rd. Evercore ISI reduced their price objective on shares of Liberty Broadband from $106.00 to $72.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 2nd.

About Liberty Broadband

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.