Liberty Global PLC (LBTYA) Releases Earnings Results, Misses Expectations By $0.57 EPS
Liberty Global PLC (NASDAQ:LBTYA) issued its quarterly earnings results on Monday. The company reported ($0.56) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.01 by $0.57, reports. Liberty Global PLC had a return on equity of 14.26% and a net margin of 11.98%.
Shares of Liberty Global PLC (NASDAQ:LBTYA) traded down 0.69% on Monday, reaching $34.37. The company had a trading volume of 1,976,530 shares. The firm’s 50 day moving average is $31.52 and its 200 day moving average is $33.57. Liberty Global PLC has a 12 month low of $28.17 and a 12 month high of $37.69. The firm has a market capitalization of $35.39 billion, a PE ratio of 20.67 and a beta of 1.67.
In other news, Director John C. Malone acquired 223,186 shares of the company’s stock in a transaction on Thursday, July 6th. The shares were bought at an average price of $21.76 per share, with a total value of $4,856,527.36. Following the completion of the acquisition, the director now owns 761,816 shares in the company, valued at approximately $16,577,116.16. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director John C. Malone acquired 384,673 shares of the company’s stock in a transaction on Friday, July 7th. The shares were purchased at an average cost of $21.80 per share, for a total transaction of $8,385,871.40. Following the acquisition, the director now owns 761,816 shares of the company’s stock, valued at approximately $16,607,588.80. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 1,610,000 shares of company stock worth $37,412,081. 5.81% of the stock is owned by insiders.
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A number of equities research analysts recently issued reports on the company. Morgan Stanley raised their price target on Liberty Global PLC from $37.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Monday. BidaskClub raised Liberty Global PLC from a “buy” rating to a “strong-buy” rating in a research note on Friday. Zacks Investment Research raised Liberty Global PLC from a “sell” rating to a “hold” rating in a research note on Friday. ValuEngine lowered Liberty Global PLC from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Finally, Pivotal Research decreased their price target on Liberty Global PLC from $42.00 to $41.00 and set a “buy” rating for the company in a research note on Tuesday, July 18th. Five equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $39.85.
About Liberty Global PLC
Liberty Global PLC, formerly Liberty Global, Inc, is an international cable company with operations in 14 countries. The Company’s tripleplay services are provided through networks and technology platforms that connect approximately 25 million customers subscribing to over 47 million television, broadband Internet and telephony services.
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