Liberty Broadband (LBRDK) Set to Announce Quarterly Earnings on Wednesday

Liberty Broadband (NASDAQ:LBRDK) is scheduled to be announcing its earnings results before the market opens on Wednesday, May 8th. Analysts expect the company to announce earnings of $2.38 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Liberty Broadband (NASDAQ:LBRDK) last issued its earnings results on Friday, February 16th. The company reported $1.39 earnings per share for the quarter, missing the consensus estimate of $2.62 by ($1.23). Liberty Broadband had a return on equity of 7.76% and a net margin of 70.13%. The company had revenue of $250.00 million during the quarter, compared to analysts’ expectations of $227.82 million. On average, analysts expect Liberty Broadband to post $10 EPS for the current fiscal year and $11 EPS for the next fiscal year.

Liberty Broadband Trading Down 1.3 %

NASDAQ:LBRDK opened at $49.73 on Wednesday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.42 and a current ratio of 2.42. Liberty Broadband has a one year low of $46.46 and a one year high of $95.68. The business’s 50-day simple moving average is $54.80 and its 200 day simple moving average is $70.15. The stock has a market cap of $7.11 billion, a price-to-earnings ratio of 10.65 and a beta of 0.96.

Analyst Upgrades and Downgrades

Separately, Citigroup dropped their price target on Liberty Broadband from $108.00 to $83.00 and set a “buy” rating on the stock in a research report on Wednesday, February 7th.

Insider Activity

In related news, Director J David Wargo sold 15,000 shares of the stock in a transaction on Monday, April 8th. The stock was sold at an average price of $51.98, for a total transaction of $779,700.00. Following the completion of the sale, the director now directly owns 72,332 shares in the company, valued at $3,759,817.36. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders sold 45,000 shares of company stock worth $2,435,830 over the last quarter. Corporate insiders own 10.80% of the company’s stock.

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.