FY2022 EPS Estimates for Liberty Global plc Reduced by Jefferies Financial Group (NASDAQ:LBTYA)

Liberty Global plc (NASDAQ:LBTYAGet Rating) – Analysts at Jefferies Financial Group cut their FY2022 earnings per share (EPS) estimates for shares of Liberty Global in a research note issued on Wednesday, April 20th. Jefferies Financial Group analyst U. Rathe now expects that the company will post earnings of ($1.66) per share for the year, down from their prior forecast of ($1.01). Jefferies Financial Group also issued estimates for Liberty Global’s FY2023 earnings at ($1.64) EPS and FY2024 earnings at ($1.46) EPS.

Liberty Global (NASDAQ:LBTYAGet Rating) last released its quarterly earnings data on Thursday, February 17th. The company reported $1.08 EPS for the quarter. The business had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.97 billion. Liberty Global had a return on equity of 20.11% and a net margin of 127.35%.

A number of other equities research analysts also recently commented on the company. Credit Suisse Group upgraded Liberty Global from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $26.00 to $35.00 in a report on Thursday, March 24th. Bank of America decreased their target price on Liberty Global from $54.50 to $52.50 and set a “buy” rating for the company in a research note on Wednesday, March 9th. TheStreet cut Liberty Global from a “b” rating to a “c+” rating in a research note on Friday, January 21st. Finally, Barclays decreased their target price on Liberty Global from $32.00 to $31.00 in a research note on Monday. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $36.72.

NASDAQ LBTYA opened at $24.39 on Friday. The stock has a 50-day simple moving average of $25.54 and a 200 day simple moving average of $27.22. The company has a market capitalization of $12.75 billion, a PE ratio of 1.04 and a beta of 1.18. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.55. Liberty Global has a 12 month low of $23.00 and a 12 month high of $30.58.

A number of hedge funds and other institutional investors have recently modified their holdings of LBTYA. First Trust Advisors LP raised its stake in Liberty Global by 25.5% in the first quarter. First Trust Advisors LP now owns 166,858 shares of the company’s stock valued at $4,158,000 after buying an additional 33,941 shares during the period. State of New Jersey Common Pension Fund D raised its stake in Liberty Global by 22.9% in the third quarter. State of New Jersey Common Pension Fund D now owns 109,220 shares of the company’s stock valued at $3,255,000 after buying an additional 20,360 shares during the period. Vontobel Holding Ltd. raised its stake in Liberty Global by 143.9% in the third quarter. Vontobel Holding Ltd. now owns 20,666 shares of the company’s stock valued at $616,000 after buying an additional 12,194 shares during the period. Nordea Investment Management AB raised its stake in Liberty Global by 100.0% in the third quarter. Nordea Investment Management AB now owns 86,510 shares of the company’s stock valued at $2,608,000 after buying an additional 43,255 shares during the period. Finally, Valeo Financial Advisors LLC bought a new stake in Liberty Global in the third quarter valued at approximately $283,000. 28.28% of the stock is owned by hedge funds and other institutional investors.

In related news, SVP Andrea Salvato sold 40,000 shares of the stock in a transaction that occurred on Wednesday, March 30th. The stock was sold at an average price of $26.52, for a total transaction of $1,060,800.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Jason Waldron sold 19,752 shares of the stock in a transaction that occurred on Tuesday, March 29th. The shares were sold at an average price of $26.51, for a total value of $523,625.52. The disclosure for this sale can be found here. Insiders have sold 141,690 shares of company stock valued at $3,612,997 over the last ninety days. 9.41% of the stock is owned by insiders.

Liberty Global Company Profile (Get Rating)

Liberty Global plc, together with its subsidiaries, provides broadband internet, video, fixed-line telephony, and mobile communications services to residential and business customers. It offers value-added broadband services, such as intelligent WiFi features; security; smart home, online storage solutions, and Web spaces; Connect Box, a set-top or Horizon box that delivers in-home Wi-Fi service; community Wi-Fi via routers in home, which provides access to the internet; and public Wi-Fi access points in train stations, hotels, bars, restaurants, and other public places.

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