Liberty Latin America (NASDAQ:LILAK) Issues Earnings Results, Misses Expectations By $1.05 EPS

Liberty Latin America (NASDAQ:LILAK) posted 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 return on equity of 31.59% and a negative net margin of 14.74%. The firm had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.14 billion.

Liberty Latin America Trading Down 0.2 %

NASDAQ:LILAK traded down $0.01 during midday trading on Friday, hitting $6.77. The stock had a trading volume of 110,680 shares, compared to its average volume of 799,770. The stock has a 50-day moving average of $6.60 and a 200 day moving average of $8.06. The company has a market capitalization of $1.33 billion, a price-to-earnings ratio of -2.03 and a beta of 1.02. Liberty Latin America has a one year low of $5.88 and a one year high of $10.93. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 4.31.

Insider Buying and Selling at Liberty Latin America

In other Liberty Latin America news, Director Brendan J. Paddick purchased 35,475 shares of Liberty Latin America stock in a transaction dated Tuesday, November 26th. The stock was acquired at an average price of $7.04 per share, for a total transaction of $249,744.00. Following the acquisition, the director now owns 1,273,443 shares in the company, valued at $8,965,038.72. This trade represents a 2.87 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders bought a total of 156,298 shares of company stock valued at $1,043,886 in the last ninety days. Corporate insiders own 9.66% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on LILAK shares. The Goldman Sachs Group dropped their price objective on Liberty Latin America from $10.50 to $7.50 and set a “neutral” rating for the company in a report on Wednesday, December 4th. Scotiabank lowered their target price on shares of Liberty Latin America from $9.40 to $8.30 and set a “sector outperform” rating for the company in a research note on Friday, November 8th.

Liberty Latin America Company Profile

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.