Liberty Global (NASDAQ:LBTYA) Releases Quarterly Earnings Results, Beats Expectations By $7.25 EPS

Liberty Global (NASDAQ:LBTYA - Get Free Report) posted its quarterly earnings data on Tuesday. The company reported $6.33 earnings per share for the quarter, topping the consensus estimate of ($0.92) by $7.25, Zacks reports. The company had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.84 billion. Liberty Global had a net margin of 23.09% and a return on equity of 9.83%.

Liberty Global Stock Up 0.4 %

LBTYA stock traded up $0.04 during midday trading on Friday, hitting $11.37. The company's stock had a trading volume of 2,940,930 shares, compared to its average volume of 2,258,315. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.05 and a quick ratio of 1.19. Liberty Global has a twelve month low of $10.55 and a twelve month high of $21.56. The company's fifty day moving average price is $11.89 and its 200 day moving average price is $16.15. The stock has a market capitalization of $4.07 billion, a P/E ratio of 2.71 and a beta of 1.24.

Insider Buying and Selling at Liberty Global

In other news, major shareholder Nicholas V. Tompras sold 57,000 shares of the business's stock in a transaction dated Friday, December 27th. The shares were sold at an average price of $12.94, for a total transaction of $737,580.00. Following the transaction, the insider now directly owns 16,153 shares in the company, valued at $209,019.82. The trade was a 77.92 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Charles H. R. Bracken sold 84,103 shares of the business's stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $14.56, for a total transaction of $1,224,539.68. Following the transaction, the chief financial officer now owns 53,312 shares in the company, valued at $776,222.72. This represents a 61.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 11.51% of the company's stock.

Analyst Upgrades and Downgrades

LBTYA has been the subject of several recent analyst reports. UBS Group lowered shares of Liberty Global from a "buy" rating to a "neutral" rating and dropped their price objective for the stock from $23.00 to $13.00 in a report on Monday, November 18th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Liberty Global from $23.00 to $20.00 and set a "buy" rating on the stock in a research note on Wednesday, January 29th. Barclays decreased their price target on shares of Liberty Global from $20.00 to $12.00 and set an "equal weight" rating on the stock in a research note on Monday, November 25th. Bank of America cut shares of Liberty Global from a "neutral" rating to an "underperform" rating and decreased their price target for the company from $13.10 to $12.60 in a research note on Friday, December 6th. Finally, Sanford C. Bernstein cut shares of Liberty Global from an "outperform" rating to a "market perform" rating and decreased their price target for the company from $24.70 to $12.40 in a research note on Thursday, January 23rd. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $17.75.

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.