Liberty Global (LBTYA) Expected to Release Quarterly Earnings on Friday

Liberty Global (NASDAQ:LBTYA) is anticipated to issue its results before the market opens on Friday, July 24th. Analysts expect Liberty Global to post earnings of ($0.4778) per share and revenue of $1.3431 billion for the quarter.

Liberty Global (NASDAQ:LBTYA) last issued its quarterly earnings results on Friday, May 1st. The company reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $1.27 billion for the quarter, compared to analyst estimates 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 Stock Performance

NASDAQ LBTYA opened at $10.73 on Friday. The business’s 50-day moving average price is $11.57 and its 200 day moving average price is $11.68. 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 twelve month low of $9.63 and a twelve month high of $13.52. The company has a market capitalization of $3.63 billion, a PE ratio of -0.67 and a beta of 0.93.

Wall Street Analysts Forecast Growth

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

Insider Transactions at Liberty Global

In related news, Director J David Wargo sold 55,000 shares of the business’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $11.54, for a total value of $634,700.00. Following the transaction, the director directly owned 53,876 shares of the company’s stock, valued at approximately $621,729.04. The trade was a 50.52% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.34% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. Royal Bank of Canada lifted its holdings in shares of Liberty Global by 801.7% in the 1st quarter. Royal Bank of Canada now owns 120,200 shares of the company’s stock valued at $1,383,000 after acquiring an additional 106,870 shares during the last quarter. Cubist Systematic Strategies LLC bought a new stake in Liberty Global during the first quarter worth approximately $64,000. Millennium Management LLC raised its position in Liberty Global by 197.8% during the first quarter. Millennium Management LLC now owns 1,520,781 shares of the company’s stock valued at $17,504,000 after purchasing an additional 1,010,118 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of Liberty Global by 27.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 451,847 shares of the company’s stock valued at $5,201,000 after purchasing an additional 98,182 shares during the last quarter. Finally, Prudential Financial Inc. bought a new stake in shares of Liberty Global in the 2nd quarter valued at approximately $100,000. 37.20% of the stock is owned by institutional investors.

Liberty Global Company Profile

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.