Liberty Global (LBTYA) Set to Announce Quarterly Earnings on Wednesday

Liberty Global (NASDAQ:LBTYA) is scheduled to announce its earnings results after the market closes on Wednesday, May 1st. Investors interested in registering for the company’s conference call can do so using this link.

Liberty Global (NASDAQ:LBTYA) last released its quarterly earnings data on Thursday, February 15th. The company reported ($8.23) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.35) by ($7.88). The company had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.88 billion. Liberty Global had a negative net margin of 54.08% and a negative return on equity of 19.26%. 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 Stock Down 0.4 %

NASDAQ LBTYA opened at $16.28 on Tuesday. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.79. The stock’s 50 day moving average is $17.04 and its two-hundred day moving average is $17.20. The company has a market capitalization of $6.15 billion, a price-to-earnings ratio of -1.74 and a beta of 1.18. Liberty Global has a 1-year low of $15.01 and a 1-year high of $20.56.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on LBTYA shares. New Street Research reaffirmed a “neutral” rating on shares of Liberty Global in a report on Wednesday, February 28th. Barclays upped their price objective on shares of Liberty Global from $22.00 to $23.00 and gave the stock an “equal weight” rating in a research note on Friday, January 12th. TheStreet raised shares of Liberty Global from a “d+” rating to a “c-” rating in a research note on Thursday, January 25th. Citigroup raised Liberty Global from a “neutral” rating to a “buy” rating and raised their price target for the company from $20.00 to $24.00 in a report on Friday, February 9th. Finally, Bank of America lowered Liberty Global from a “neutral” rating to an “underperform” rating in a research note on Friday, February 23rd. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Liberty Global has a consensus rating of “Hold” and an average target price of $24.75.

Insider Transactions at Liberty Global

In other Liberty Global news, EVP Andrea Salvato sold 32,403 shares of the firm’s stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $17.70, for a total value of $573,533.10. Following the transaction, the executive vice president now directly owns 102,286 shares of the company’s stock, valued at $1,810,462.20. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, EVP Andrea Salvato sold 32,403 shares of the company’s stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $17.70, for a total value of $573,533.10. Following the completion of the sale, the executive vice president now directly owns 102,286 shares of the company’s stock, valued at approximately $1,810,462.20. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Jason Waldron sold 11,226 shares of Liberty Global stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $19.29, for a total transaction of $216,549.54. Following the transaction, the chief accounting officer now directly owns 70,666 shares in the company, valued at approximately $1,363,147.14. The disclosure for this sale can be found here. Insiders sold a total of 113,629 shares of company stock worth $2,046,783 in the last quarter. 11.51% of the stock is owned by company insiders.

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.