Liberty Broadband (NASDAQ:LBRDA) Posts Quarterly Earnings Results, Misses Estimates By $1.76 EPS

Liberty Broadband (NASDAQ:LBRDA) posted its earnings results on Thursday. The company reported $1.36 earnings per share for the quarter, missing analysts’ consensus estimates of $3.12 by ($1.76), Zacks reports. The business had revenue of $246.00 million for the quarter. Liberty Broadband had a return on equity of 9.55% and a net margin of 87.75%. During the same quarter in the previous year, the firm earned $1.71 earnings per share.

Liberty Broadband Stock Down 0.3 %

Shares of NASDAQ LBRDA traded down $0.17 during trading on Friday, hitting $63.64. 105,297 shares of the company traded hands, compared to its average volume of 146,024. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.81 and a current ratio of 1.81. The business’s fifty day moving average is $55.82 and its 200 day moving average is $56.59. The firm has a market capitalization of $9.09 billion, a price-to-earnings ratio of 10.80, a P/E/G ratio of 0.14 and a beta of 1.03. Liberty Broadband has a fifty-two week low of $47.17 and a fifty-two week high of $95.61.

Wall Street Analysts Forecast Growth

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