Liberty Global (LBTYA) Expected to Post Earnings on Friday

Liberty Global (NASDAQ:LBTYA) is anticipated to post 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:LBTYA) last announced its earnings results on Friday, May 1st. The company reported $0.96 earnings per share (EPS) for the quarter, topping 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 company had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.27 billion. On average, analysts expect Liberty Global to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Liberty Global Price Performance

Liberty Global stock opened at $10.42 on Thursday. The company has a fifty day simple moving average of $11.45 and a 200-day simple moving average of $11.66. The firm has a market capitalization of $3.52 billion, a price-to-earnings ratio of -0.65 and a beta of 0.93. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.79. Liberty Global has a 52-week low of $9.63 and a 52-week high of $13.52.

Insider Activity

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 transaction 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 4.34% of the company’s stock.

Institutional Trading of Liberty Global

Several hedge funds have recently made changes to their positions in LBTYA. Quarry LP acquired a new stake in shares of Liberty Global during the 3rd quarter worth approximately $27,000. EverSource Wealth Advisors LLC lifted its holdings in Liberty Global by 79.5% in the second quarter. EverSource Wealth Advisors LLC now owns 2,795 shares of the company’s stock valued at $28,000 after acquiring an additional 1,238 shares during the last quarter. Headlands Technologies LLC purchased a new position in Liberty Global in the second quarter worth approximately $47,000. Cubist Systematic Strategies LLC purchased a new position in Liberty Global in the first quarter worth approximately $64,000. Finally, Aster Capital Management DIFC Ltd acquired a new stake in Liberty Global during the fourth quarter worth $85,000. Hedge funds and other institutional investors own 37.20% of the company’s stock.

Analysts Set New Price Targets

LBTYA has been the topic of a number of recent research reports. UBS Group lowered their price target on shares of Liberty Global from $12.60 to $12.10 and set a “neutral” rating on the stock in a research report on Wednesday, July 8th. Pivotal Research reissued a “buy” rating and issued a $18.00 target price on shares of Liberty Global in a research note on Monday, May 4th. Zacks Research upgraded Liberty Global from a “strong sell” rating to a “hold” rating in a report on Monday, April 27th. Finally, Weiss Ratings lowered Liberty Global from a “sell (d)” rating to a “sell (d-)” rating in a research report on Monday, May 4th. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $16.02.

About Liberty Global

Liberty Global plc operates as a leading international telecommunications and television company, offering a wide array of broadband internet, digital cable television, fixed-line telephony and mobile services. Through its extensive fiber and hybrid-fiber coaxial networks, the company delivers high-speed internet connectivity, video on demand and interactive television platforms to residential and business customers. Its service portfolio includes digital voice, managed Wi-Fi solutions, home security and converged connectivity bundles designed to meet evolving consumer and enterprise demands.

The company’s footprint spans key European markets, including the United Kingdom and Ireland under the Virgin Media brand, the Netherlands through Ziggo, Belgium via Telenet, and operations in Switzerland, Germany, Austria, Poland and Luxembourg.