Liberty Global (LBTYA) Projected to Post Quarterly Earnings on Thursday

Liberty Global (NASDAQ:LBTYA) is projected to announce its results before the market opens on Thursday, October 30th. Analysts expect the company to announce earnings of $3.29 per share and revenue of $1.2329 billion for the quarter.

Liberty Global (NASDAQ:LBTYA) last posted its earnings results on Friday, August 1st. The company reported ($8.09) EPS for the quarter, missing analysts’ consensus estimates of ($0.55) by ($7.54). The business had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.20 billion. Liberty Global had a negative net margin of 60.38% and a negative return on equity of 22.64%. On average, analysts expect Liberty Global to post $-1 EPS for the current fiscal year and $-2 EPS for the next fiscal year.

Liberty Global Stock Performance

NASDAQ LBTYA opened at $10.95 on Wednesday. The stock has a market capitalization of $3.73 billion, a price-to-earnings ratio of -1.12 and a beta of 1.15. The stock has a 50-day moving average of $11.46 and a 200 day moving average of $10.60. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.59. Liberty Global has a twelve month low of $9.02 and a twelve month high of $20.94.

Insiders Place Their Bets

In other Liberty Global news, Director Miranda Curtis sold 42,600 shares of the firm’s stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $11.77, for a total value of $501,402.00. Following the completion of the transaction, the director owned 129,305 shares of the company’s stock, valued at $1,521,919.85. This trade represents a 24.78% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Charles H. R. Bracken sold 60,000 shares of the business’s stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $11.31, for a total transaction of $678,600.00. Following the completion of the transaction, the chief financial officer owned 33,220 shares of the company’s stock, valued at approximately $375,718.20. This trade represents a 64.36% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 136,980 shares of company stock worth $1,577,091 in the last ninety days. 11.51% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Liberty Global

A number of large investors have recently modified their holdings of the company. AQR Capital Management LLC raised its holdings in shares of Liberty Global by 114.5% in the 2nd quarter. AQR Capital Management LLC now owns 2,343,439 shares of the company’s stock valued at $23,235,000 after purchasing an additional 1,250,769 shares in the last quarter. Millennium Management LLC raised its stake in Liberty Global by 197.8% in the first quarter. Millennium Management LLC now owns 1,520,781 shares of the company’s stock valued at $17,504,000 after buying an additional 1,010,118 shares in the last quarter. MUFG Securities EMEA plc purchased a new stake in Liberty Global during the 2nd quarter worth about $8,098,000. Balyasny Asset Management L.P. boosted its position in shares of Liberty Global by 323.7% during the 2nd quarter. Balyasny Asset Management L.P. now owns 560,261 shares of the company’s stock worth $5,608,000 after acquiring an additional 428,034 shares in the last quarter. Finally, Invesco Ltd. increased its holdings in shares of Liberty Global by 198.6% in the 2nd quarter. Invesco Ltd. now owns 590,285 shares of the company’s stock valued at $5,909,000 after acquiring an additional 392,616 shares during the last quarter. 37.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

LBTYA has been the subject of a number of recent analyst reports. Benchmark restated a “buy” rating and issued a $21.00 price objective (up from $18.00) on shares of Liberty Global in a research report on Monday, August 4th. Weiss Ratings reissued a “sell (d-)” rating on shares of Liberty Global in a report on Wednesday, October 8th. Zacks Research upgraded shares of Liberty Global to a “hold” rating in a research report on Wednesday, September 3rd. Finally, UBS Group lifted their target price on shares of Liberty Global from $10.60 to $11.80 and gave the company a “neutral” rating in a research report on Wednesday, August 6th. Two research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $14.26.

About Liberty Global

Liberty Global Ltd., 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 WiFi features, security, anti-virus, firewall, spam protection, smart home services, online storage solutions, and web spaces; and Connect Box that delivers in-home Wi-Fi service.