Liberty Broadband (LBRDA) Set to Announce Earnings on Thursday

Liberty Broadband (NASDAQ:LBRDA - Get Free Report) will post its quarterly earnings results before the market opens on Thursday, November 7th. Parties that wish to listen to the company's conference call can do so using this link.

Liberty Broadband (NASDAQ:LBRDA - Get Free Report) last posted its quarterly earnings data on Thursday, August 8th. The company reported $1.36 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.12 by ($1.76). Liberty Broadband had a net margin of 81.86% and a return on equity of 8.79%. The business had revenue of $246.00 million during the quarter. During the same period in the prior year, the company earned $1.71 earnings per share.

Liberty Broadband Price Performance

Shares of NASDAQ LBRDA traded down $0.88 during midday trading on Thursday, reaching $80.23. The company's stock had a trading volume of 190,418 shares, compared to its average volume of 145,705. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.68 and a current ratio of 1.68. The company has a market cap of $11.46 billion, a P/E ratio of 13.77 and a beta of 1.06. The business's 50 day moving average price is $70.23 and its two-hundred day moving average price is $60.13. Liberty Broadband has a fifty-two week low of $47.17 and a fifty-two week high of $87.49.

Insider Activity at Liberty Broadband

In other news, insider Renee L. Wilm sold 4,423 shares of the stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $76.56, for a total value of $338,624.88. Following the completion of the transaction, the insider now owns 3,670 shares of the company's stock, valued at approximately $280,975.20. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Renee L. Wilm sold 4,423 shares of the company's stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of $76.56, for a total transaction of $338,624.88. Following the completion of the transaction, the insider now directly owns 3,670 shares in the company, valued at $280,975.20. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Brian J. Wendling sold 2,208 shares of the firm's stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $75.84, for a total transaction of $167,454.72. Following the completion of the sale, the chief accounting officer now owns 11,054 shares in the company, valued at $838,335.36. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 14.19% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on LBRDA. Deutsche Bank Aktiengesellschaft cut their target price on Liberty Broadband from $104.00 to $90.00 and set a "buy" rating for the company in a research report on Friday, August 16th. Citigroup downgraded shares of Liberty Broadband from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $67.00 to $57.00 in a research note on Wednesday, July 3rd.

Liberty Broadband Company Profile

Liberty Broadband Corporation engages in the communications businesses. The company's GCI Holdings segment provides data, wireless, video, voice, and managed services to residential customers, businesses, governmental entities, educational, and medical institutions in Alaska under the GCI brand. Its Charter segment offers subscription-based Internet and video services, and mobile and voice services; and state-of-the-art residential and business services, which includes Spectrum Internet, TV, mobile and voice for small and medium-sized companies; Spectrum Business provides a suite of broadband products and services for businesses and government application; Spectrum Enterprise offers customized fiber-based solutions; Spectrum Reach provides advertising and production for the modern media landscape.