Brokerages Expect Liberty Broadband Co. (NASDAQ:LBRDK) Will Post Quarterly Sales of $240.87 Million

Wall Street brokerages predict that Liberty Broadband Co. (NASDAQ:LBRDKGet Rating) will post sales of $240.87 million for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Liberty Broadband’s earnings, with estimates ranging from $240.73 million to $241.00 million. Liberty Broadband reported sales of $242.28 million during the same quarter last year, which suggests a negative year over year growth rate of 0.6%. The company is expected to issue its next earnings report on Monday, January 1st.

On average, analysts expect that Liberty Broadband will report full-year sales of $969.98 million for the current financial year, with estimates ranging from $967.95 million to $972.00 million. For the next financial year, analysts forecast that the firm will post sales of $970.17 million, with estimates ranging from $964.00 million to $976.33 million. Zacks Investment Research’s sales averages are an average based on a survey of research firms that that provide coverage for Liberty Broadband.

Liberty Broadband (NASDAQ:LBRDKGet Rating) last released its quarterly earnings results on Friday, February 25th. The company reported $2.11 earnings per share for the quarter, beating the consensus estimate of $1.64 by $0.47. The business had revenue of $248.96 million during the quarter, compared to analysts’ expectations of $237.94 million. Liberty Broadband had a return on equity of 8.22% and a net margin of 74.09%.

Several equities research analysts have recently issued reports on the company. Zacks Investment Research raised Liberty Broadband from a “sell” rating to a “hold” rating in a research note on Tuesday, May 3rd. StockNews.com lowered Liberty Broadband from a “hold” rating to a “sell” rating in a research note on Tuesday. TD Securities decreased their price target on Liberty Broadband from $225.00 to $200.00 and set a “buy” rating for the company in a research note on Monday. Finally, Rosenblatt Securities began coverage on Liberty Broadband in a research note on Tuesday, April 19th. They set a “buy” rating and a $222.00 price target for the company. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $205.43.

NASDAQ:LBRDK opened at $115.62 on Friday. The firm has a market capitalization of $19.41 billion, a price-to-earnings ratio of 21.14 and a beta of 1.02. Liberty Broadband has a 1 year low of $107.40 and a 1 year high of $194.05. The business has a 50 day simple moving average of $132.01 and a 200-day simple moving average of $147.50. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.79 and a quick ratio of 0.79.

In related news, Director J David Wargo purchased 300 shares of the business’s stock in a transaction dated Tuesday, May 10th. The shares were acquired at an average cost of $110.76 per share, for a total transaction of $33,228.00. Following the acquisition, the director now owns 32,214 shares of the company’s stock, valued at approximately $3,568,022.64. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 10.80% of the company’s stock.

Several large investors have recently made changes to their positions in LBRDK. United Capital Financial Advisers LLC lifted its position in Liberty Broadband by 4.1% during the 3rd quarter. United Capital Financial Advisers LLC now owns 1,662 shares of the company’s stock worth $287,000 after acquiring an additional 66 shares during the period. Commerce Bank lifted its position in Liberty Broadband by 0.5% during the 4th quarter. Commerce Bank now owns 12,287 shares of the company’s stock worth $1,979,000 after acquiring an additional 67 shares during the period. Bridgefront Capital LLC lifted its position in Liberty Broadband by 3.0% during the 4th quarter. Bridgefront Capital LLC now owns 2,402 shares of the company’s stock worth $387,000 after acquiring an additional 69 shares during the period. Xponance Inc. lifted its holdings in shares of Liberty Broadband by 4.8% in the 1st quarter. Xponance Inc. now owns 1,610 shares of the company’s stock valued at $218,000 after buying an additional 74 shares during the period. Finally, Synovus Financial Corp lifted its holdings in shares of Liberty Broadband by 2.2% in the 4th quarter. Synovus Financial Corp now owns 3,598 shares of the company’s stock valued at $579,000 after buying an additional 79 shares during the period. Institutional investors and hedge funds own 78.38% of the company’s stock.

About Liberty Broadband (Get Rating)

Liberty Broadband Corporation engages in the communications businesses. It operates through GCI Holdings and Charter segments. The GCI Holdings segment provides a range of wireless, data, video, voice, and managed services to residential customers, businesses, governmental entities, and educational and medical institutions primarily in Alaska under the GCI brand.

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