Liberty Global (LILAK) Set to Release Earnings on Wednesday

Liberty Global (NASDAQ:LILAK) is projected to release its results after the market closes on Wednesday, November 4th. Analysts expect the company to announce earnings of ($0.0142) per share and revenue of $1.14 billion for the quarter.

Liberty Global (NASDAQ:LILAK) last posted its quarterly earnings data on Wednesday, August 5th. The company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.15). The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.09 billion. Liberty Global had a negative net margin of 2.20% and a negative return on equity of 8.50%.

Liberty Global Trading Up 2.4%

NASDAQ:LILAK opened at $8.58 on Tuesday. Liberty Global has a 12-month low of $4.76 and a 12-month high of $9.13. The firm has a market cap of $1.68 billion, a price-to-earnings ratio of -17.51 and a beta of 0.70. The company’s 50-day moving average is $8.41 and its two-hundred day moving average is $8.03.

Analysts Set New Price Targets

LILAK has been the topic of a number of research analyst reports. UBS Group initiated coverage on Liberty Global in a research note on Thursday, September 3rd. They issued a “neutral” rating and a $9.00 price target on the stock. Citigroup upped their price objective on shares of Liberty Global from $8.00 to $9.00 and gave the company a “neutral” rating in a research note on Thursday, August 13th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Liberty Global in a report on Thursday, October 15th. Two research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Liberty Global presently has a consensus rating of “Reduce” and an average price target of $9.00.

Insider Activity at Liberty Global

In other news, Director Angoitia Alfonso De bought 313,104 shares of Liberty Global stock in a transaction dated Wednesday, September 2nd. The shares were acquired at an average cost of $20.95 per share, with a total value of $6,559,528.80. Following the completion of the transaction, the director owned 476,190 shares in the company, valued at approximately $9,976,180.50. This trade represents a 191.99% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John Malone purchased 21,013 shares of the company’s stock in a transaction that occurred on Wednesday, September 30th. The shares were purchased at an average cost of $8.98 per share, for a total transaction of $188,696.74. Following the purchase, the director directly owned 1,412,175 shares in the company, valued at $12,681,331.50. This trade represents a 1.51% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders acquired 970,439 shares of company stock valued at $16,180,721 in the last ninety days. 9.66% of the stock is owned by corporate insiders.

Liberty Global Company Profile

NASDAQ:LILAK represents Class C ordinary shares of Liberty Latin America Ltd., not Liberty Global Ltd. Liberty Latin America is a telecommunications company serving customers across Latin America and the Caribbean. Its operations include broadband internet, mobile and fixed-line voice services, pay television, and business communications services.

The company provides connectivity and entertainment products to residential customers and offers data, voice, managed services, and information-technology solutions to businesses and government organizations.