Brokerages Expect Liberty Broadband Corp (LBRDA) Will Announce Earnings of $0.27 Per Share

Equities research analysts forecast that Liberty Broadband Corp (NASDAQ:LBRDA) will announce earnings per share (EPS) of $0.27 for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have provided estimates for Liberty Broadband’s earnings. Liberty Broadband posted earnings of $0.25 per share in the same quarter last year, which would suggest a positive year over year growth rate of 8%. The firm is expected to report its next earnings report on Friday, February 16th.

According to Zacks, analysts expect that Liberty Broadband will report full-year earnings of $0.13 per share for the current year, with EPS estimates ranging from $0.12 to $0.13. For the next financial year, analysts forecast that the firm will report earnings of $0.93 per share, with EPS estimates ranging from $0.38 to $1.47. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that cover Liberty Broadband.

Liberty Broadband (NASDAQ:LBRDA) last issued its quarterly earnings data on Wednesday, November 1st. The company reported ($0.05) earnings per share (EPS) for the quarter. Liberty Broadband had a return on equity of 0.22% and a net margin of 142.91%.

A number of research firms have weighed in on LBRDA. Pivotal Research boosted their target price on shares of Liberty Broadband from $108.00 to $113.00 and gave the stock a “buy” rating in a research report on Wednesday, November 15th. BidaskClub raised shares of Liberty Broadband from a “strong sell” rating to a “sell” rating in a research report on Wednesday, December 27th. Buckingham Research began coverage on shares of Liberty Broadband in a research report on Wednesday, December 13th. They set a “buy” rating and a $119.00 target price for the company. Finally, boosted their target price on shares of Liberty Broadband from $108.00 to $113.00 and gave the stock a “buy” rating in a research report on Wednesday, November 15th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Liberty Broadband currently has an average rating of “Buy” and a consensus target price of $114.40.

Shares of Liberty Broadband (NASDAQ:LBRDA) opened at $90.30 on Tuesday. The stock has a market cap of $16,470.00, a price-to-earnings ratio of 903.00 and a beta of 1.33. Liberty Broadband has a fifty-two week low of $74.28 and a fifty-two week high of $104.35. The company has a quick ratio of 11.64, a current ratio of 11.64 and a debt-to-equity ratio of 0.06.

In other news, Director John C. Malone sold 45,000 shares of the company’s stock in a transaction dated Monday, October 23rd. The shares were sold at an average price of $93.32, for a total transaction of $4,199,400.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director John E. Welsh III acquired 2,000 shares of the business’s stock in a transaction dated Friday, December 22nd. The shares were bought at an average cost of $85.50 per share, with a total value of $171,000.00. The disclosure for this purchase can be found here. 6.09% of the stock is owned by insiders.

Institutional investors and hedge funds have recently made changes to their positions in the company. Quantbot Technologies LP acquired a new position in shares of Liberty Broadband during the third quarter valued at about $140,000. D.A. Davidson & CO. increased its stake in Liberty Broadband by 0.8% in the second quarter. D.A. Davidson & CO. now owns 1,604 shares of the company’s stock valued at $137,000 after acquiring an additional 13 shares during the period. Palladium Partners LLC bought a new stake in Liberty Broadband in the third quarter valued at about $202,000. Trexquant Investment LP bought a new stake in Liberty Broadband in the third quarter valued at about $208,000. Finally, First Republic Investment Management Inc. bought a new stake in Liberty Broadband in the third quarter valued at about $208,000. 12.33% of the stock is owned by institutional investors and hedge funds.

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About Liberty Broadband

Liberty Broadband Corporation holds interest in Charter Communications, Inc (Charter) and its subsidiary Skyhook Holding, Inc (Skyhook). The Company’s segments include Skyhook, Charter, and Corporate and other. Skyhook provides a wireless fidelity (Wi-Fi)-based location platform focused on providing positioning technology and contextual location intelligence solutions.

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