Analysts Expect Liberty Global plc – Class A (LBTYA) to Post -$1.86 EPS

Equities research analysts forecast that Liberty Global plc – Class A (NASDAQ:LBTYA) will report earnings of ($1.86) per share for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have issued estimates for Liberty Global plc – Class A’s earnings. Liberty Global plc – Class A reported earnings per share of $2.45 during the same quarter last year, which would indicate a negative year-over-year growth rate of 175.9%. The firm is expected to issue its next quarterly earnings results on Thursday, February 15th.

On average, analysts expect that Liberty Global plc – Class A will report full year earnings of ($1.47) per share for the current financial year, with EPS estimates ranging from ($3.49) to ($0.33). For the next financial year, analysts forecast that the firm will report earnings of $0.33 per share, with EPS estimates ranging from ($0.22) to $0.79. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that follow Liberty Global plc – Class A.

Liberty Global plc – Class A (NASDAQ:LBTYA) last posted its quarterly earnings results on Wednesday, November 1st. The company reported ($0.55) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.75) by $0.20. Liberty Global plc – Class A had a net margin of 5.53% and a return on equity of 6.35%.

A number of research firms have weighed in on LBTYA. Morgan Stanley raised shares of Liberty Global plc – Class A from an “equal weight” rating to an “overweight” rating and set a $38.00 price target on the stock in a research note on Wednesday. Zacks Investment Research downgraded shares of Liberty Global plc – Class A from a “hold” rating to a “sell” rating in a research note on Tuesday, January 2nd. Royal Bank of Canada reaffirmed an “outperform” rating and set a $40.00 price target on shares of Liberty Global plc – Class A in a research note on Monday, October 2nd. Macquarie downgraded shares of Liberty Global plc – Class A from an “outperform” rating to a “neutral” rating in a research note on Wednesday, September 27th. Finally, Buckingham Research began coverage on shares of Liberty Global plc – Class A in a research note on Friday, September 29th. They set a “buy” rating and a $44.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and ten have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $39.41.

Liberty Global plc – Class A (NASDAQ LBTYA) opened at $37.18 on Friday. The company has a debt-to-equity ratio of 3.64, a quick ratio of 0.47 and a current ratio of 0.47. The firm has a market cap of $8,160.00, a P/E ratio of 41.78 and a beta of 1.62. Liberty Global plc – Class A has a one year low of $28.17 and a one year high of $37.69.

Liberty Global plc – Class A declared that its Board of Directors has approved a share buyback plan on Monday, December 18th that allows the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s management believes its stock is undervalued.

In related news, CFO Charles H. R. Bracken sold 14,525 shares of the firm’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of $21.11, for a total transaction of $306,622.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David E. Rapley sold 6,750 shares of the firm’s stock in a transaction on Thursday, January 4th. The shares were sold at an average price of $33.82, for a total transaction of $228,285.00. Following the sale, the director now directly owns 8,045 shares of the company’s stock, valued at $272,081.90. The disclosure for this sale can be found here. In the last three months, insiders sold 242,911 shares of company stock worth $6,627,246. Insiders own 3.93% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. York Capital Management Global Advisors LLC acquired a new position in Liberty Global plc – Class A during the 2nd quarter worth $136,409,000. Rivulet Capital LLC grew its holdings in Liberty Global plc – Class A by 85.2% during the 2nd quarter. Rivulet Capital LLC now owns 2,727,400 shares of the company’s stock worth $87,604,000 after acquiring an additional 1,255,100 shares in the last quarter. Farallon Capital Management LLC grew its holdings in Liberty Global plc – Class A by 34.1% during the 2nd quarter. Farallon Capital Management LLC now owns 4,220,104 shares of the company’s stock worth $135,550,000 after acquiring an additional 1,072,519 shares in the last quarter. Stockbridge Partners LLC acquired a new position in Liberty Global plc – Class A during the 3rd quarter worth $23,567,000. Finally, UBS Asset Management Americas Inc. grew its holdings in Liberty Global plc – Class A by 105.3% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 1,279,209 shares of the company’s stock worth $41,088,000 after acquiring an additional 656,221 shares in the last quarter. 22.01% of the stock is owned by institutional investors and hedge funds.

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Liberty Global plc – Class A Company Profile

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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