Liberty Latin America (NASDAQ:LILA) Issues Earnings Results

Liberty Latin America (NASDAQ:LILA) released its quarterly earnings results on Tuesday. The company reported ($0.22) earnings per share (EPS) for the quarter, Yahoo Finance reports. Liberty Latin America had a negative return on equity of 0.23% and a negative net margin of 0.12%. The business had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.13 billion. During the same period in the previous year, the company posted $0.17 EPS.

Liberty Latin America Price Performance

Shares of NASDAQ:LILA traded down $0.34 on Friday, reaching $9.08. 362,149 shares of the company traded hands, compared to its average volume of 405,211. The company has a debt-to-equity ratio of 3.33, a current ratio of 1.12 and a quick ratio of 1.12. The stock has a market capitalization of $1.79 billion, a PE ratio of -302.67 and a beta of 1.14. The company’s 50 day moving average is $9.39 and its 200-day moving average is $8.00. Liberty Latin America has a fifty-two week low of $5.90 and a fifty-two week high of $10.81.

Analyst Ratings Changes

Several equities analysts have commented on the stock. The Goldman Sachs Group raised their target price on shares of Liberty Latin America from $8.40 to $9.30 and gave the company a “buy” rating in a research note on Tuesday, May 28th. Barclays cut their target price on Liberty Latin America from $9.00 to $8.00 and set an “equal weight” rating for the company in a research report on Tuesday, May 7th. Finally, Scotiabank lowered Liberty Latin America from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 18th.

Insider Transactions at Liberty Latin America

In other news, Director Brendan J. Paddick acquired 250,000 shares of the firm’s stock in a transaction that occurred on Friday, June 21st. The stock was purchased at an average price of $8.85 per share, with a total value of $2,212,500.00. Following the purchase, the director now owns 886,108 shares of the company’s stock, valued at approximately $7,842,055.80. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, Director Brendan J. Paddick purchased 250,000 shares of Liberty Latin America stock in a transaction dated Friday, June 21st. The stock was acquired at an average cost of $8.85 per share, with a total value of $2,212,500.00. Following the completion of the transaction, the director now directly owns 886,108 shares of the company’s stock, valued at $7,842,055.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Dustin Henderson sold 5,906 shares of the business’s stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $10.00, for a total transaction of $59,060.00. Following the transaction, the insider now directly owns 1,600 shares in the company, valued at $16,000. The disclosure for this sale can be found here. 11.35% of the stock is owned by 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.