Liberty Global (LBTYK) to Announce Earnings on Friday

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

Liberty Global (NASDAQ:LBTYK) last announced its quarterly earnings data 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 return on equity of 47.65% and a negative net margin of 109.64%.The firm had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.27 billion.

Liberty Global Trading Down 0.2%

Shares of NASDAQ LBTYK opened at $10.41 on Friday. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.79. Liberty Global has a one year low of $9.95 and a one year high of $13.12. The business has a 50-day moving average price of $11.20 and a two-hundred day moving average price of $11.41. The firm has a market capitalization of $3.52 billion, a PE ratio of -0.65 and a beta of 0.89.

Analyst Upgrades and Downgrades

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

Insider Transactions at Liberty Global

In other Liberty Global news, Director J David Wargo sold 55,000 shares of the business’s stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $11.54, for a total value of $634,700.00. Following the transaction, the director owned 53,876 shares in the company, valued at $621,729.04. The trade was a 50.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 9.86% of the company’s stock.

Institutional Investors Weigh In On Liberty Global

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

Liberty Global Company Profile

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.