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

Liberty Global (NASDAQ:LBTYA) is anticipated to announce 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 posted its earnings results on Friday, May 1st. The company reported $0.96 earnings per share for the quarter, topping the consensus estimate of ($0.35) by $1.31. The firm had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.27 billion. Liberty Global had a negative net margin of 109.64% and a negative return on equity of 47.65%. 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 Price Performance

Shares of NASDAQ LBTYA opened at $10.28 on Wednesday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.11 and a current ratio of 1.11. Liberty Global has a fifty-two week low of $9.63 and a fifty-two week high of $13.52. The stock has a market cap of $3.48 billion, a PE ratio of -0.64 and a beta of 0.93. The stock has a fifty day moving average of $11.48 and a 200-day moving average of $11.67.

Insider Activity at Liberty Global

In related news, Director J David Wargo sold 55,000 shares of the firm’s stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $11.54, for a total transaction 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. This trade represents a 50.52% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 4.34% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in LBTYA. AQR Capital Management LLC grew its holdings in shares of Liberty Global by 75.0% during the 4th quarter. AQR Capital Management LLC now owns 13,423,957 shares of the company’s stock valued at $149,543,000 after purchasing an additional 5,751,520 shares during the last quarter. Rubric Capital Management LP boosted its position in Liberty Global by 29.3% during the fourth quarter. Rubric Capital Management LP now owns 10,018,432 shares of the company’s stock valued at $111,605,000 after buying an additional 2,268,065 shares during the period. Millennium Management LLC grew its stake in shares of Liberty Global by 124.1% during the fourth quarter. Millennium Management LLC now owns 2,149,639 shares of the company’s stock valued at $23,947,000 after buying an additional 1,190,464 shares during the last quarter. MUFG Securities EMEA plc bought a new position in shares of Liberty Global during the second quarter valued at about $8,098,000. Finally, UBS Group AG increased its holdings in shares of Liberty Global by 63.6% in the third quarter. UBS Group AG now owns 1,910,716 shares of the company’s stock worth $21,897,000 after buying an additional 742,867 shares during the period. 37.20% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have commented on LBTYA. Pivotal Research restated a “buy” rating and issued a $18.00 target price on shares of Liberty Global in a research note on Monday, May 4th. Zacks Research raised shares of Liberty Global from a “strong sell” rating to a “hold” rating in a report on Monday, April 27th. UBS Group cut their price objective on shares of Liberty Global from $12.60 to $12.10 and set a “neutral” rating for the company in a research report on Wednesday, July 8th. Finally, Weiss Ratings cut shares of Liberty Global from a “sell (d)” rating to a “sell (d-)” rating in a research note on Monday, May 4th. Two equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $16.02.

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.