Liberty Latin America (NASDAQ:LILAK - Get Free Report) released its quarterly earnings data on Wednesday. The company reported ($0.90) earnings per share for the quarter, missing analysts' consensus estimates of $0.15 by ($1.05), Zacks reports. Liberty Latin America had a negative net margin of 14.74% and a negative return on equity of 31.59%. The firm had revenue of $1.15 billion during the quarter, compared to analysts' expectations of $1.14 billion.
Liberty Latin America Price Performance
NASDAQ:LILAK traded up $0.11 during trading hours on Friday, hitting $6.89. 1,378,011 shares of the stock were exchanged, compared to its average volume of 879,808. The firm's fifty day moving average price is $6.60 and its 200 day moving average price is $8.04. Liberty Latin America has a 52-week low of $5.88 and a 52-week high of $10.93. The company has a market cap of $1.36 billion, a P/E ratio of -2.06 and a beta of 1.02. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 4.31.
Insider Activity
In other Liberty Latin America news, Director Brendan J. Paddick bought 35,475 shares of Liberty Latin America stock in a transaction dated Tuesday, November 26th. The stock was acquired at an average cost of $7.04 per share, for a total transaction of $249,744.00. Following the completion of the transaction, the director now directly owns 1,273,443 shares of the company's stock, valued at approximately $8,965,038.72. This represents a 2.87 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders have bought a total of 156,298 shares of company stock worth $1,043,886 over the last quarter. 9.66% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
A number of equities analysts have issued reports on LILAK shares. Scotiabank lowered their price target on Liberty Latin America from $9.40 to $8.30 and set a "sector outperform" rating on the stock in a research report on Friday, November 8th. The Goldman Sachs Group decreased their target price on Liberty Latin America from $10.50 to $7.50 and set a "neutral" rating on the stock in a research report on Wednesday, December 4th.
Get Our Latest Research Report on Liberty Latin America
Liberty Latin America Company Profile
(
Get Free Report)
Liberty Latin America Ltd., together with its subsidiaries, provides fixed, mobile, and subsea telecommunications services. The company operates through C&W Caribbean, C&W Panama, Liberty Networks, Liberty Puerto Rico, and Liberty Costa Rico segments. It offers communications and entertainment services, including video, broadband internet, fixed-line, telephony, and mobiles services to residential and business customers; and business products and services that include enterprise-grade connectivity, data center, hosting, and managed solutions, as well as information technology solutions for small and medium enterprises, international companies, and governmental agencies.
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