Liberty Global (LBTYK) Expected to Release Earnings on Friday

Liberty Global (NASDAQ:LBTYK) is expected to release its results before the market opens on Friday, July 24th. Analysts expect the company to announce earnings of ($0.4778) per share and revenue of $1.3431 billion for the quarter.

Liberty Global (NASDAQ:LBTYK) last issued its quarterly earnings results on Friday, May 1st. The company reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.35) by $1.31. Liberty Global had a negative net margin of 109.64% and a negative return on equity of 47.65%. The firm had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.27 billion.

Liberty Global Trading Up 2.1%

Liberty Global stock opened at $10.16 on Thursday. The firm has a 50-day moving average of $11.08 and a 200-day moving average of $11.38. Liberty Global has a one year low of $9.93 and a one year high of $13.12. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.11 and a quick ratio of 1.11. The company has a market cap of $3.44 billion, a price-to-earnings ratio of -0.64 and a beta of 0.89.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on LBTYK shares. Weiss Ratings lowered Liberty Global from a “sell (d)” rating to a “sell (d-)” rating in a report on Monday, May 4th. Wall Street Zen upgraded Liberty Global from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of “Sell”.

Insider Transactions at Liberty Global

In related news, Director J David Wargo sold 55,000 shares of the firm’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $11.54, for a total value of $634,700.00. Following the completion of the sale, the director directly owned 53,876 shares in the company, valued at approximately $621,729.04. This trade represents a 50.52% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 9.86% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Jones Financial Companies Lllp grew its holdings in Liberty Global by 76,160.0% in the 1st quarter. Jones Financial Companies Lllp now owns 3,813 shares of the company’s stock valued at $46,000 after buying an additional 3,808 shares in the last quarter. Parallel Advisors LLC boosted its position in shares of Liberty Global by 33.7% in the fourth quarter. Parallel Advisors LLC now owns 11,450 shares of the company’s stock valued at $126,000 after acquiring an additional 2,885 shares during the period. US Bancorp DE boosted its position in shares of Liberty Global by 161.6% in the third quarter. US Bancorp DE now owns 10,792 shares of the company’s stock valued at $127,000 after acquiring an additional 6,667 shares during the period. Amundi acquired a new position in shares of Liberty Global in the fourth quarter valued at about $133,000. Finally, M&T Bank Corp bought a new position in Liberty Global during the second quarter worth about $141,000. 46.10% of the stock is owned by institutional investors and hedge funds.

About Liberty Global

Liberty Global (NASDAQ:LBTYK) is a leading international telecommunications and television company, headquartered in London. Established in 2005 through the merger of UGC Europe and Liberty Media International, the company has grown into one of the largest broadband and video service providers outside North America. Liberty Global focuses on delivering high-speed internet, digital video, mobile telephony and fixed-line communications to residential and business customers.

The company’s core services include ultra‐fast broadband, pay television, voice services and mobile offerings.