Liberty Global (NASDAQ:LBTYK) Releases Earnings Results, Beats Estimates By $7.19 EPS

Liberty Global (NASDAQ:LBTYK) issued its earnings results on Tuesday. The company reported $6.33 EPS for the quarter, topping analysts’ consensus estimates of ($0.86) by $7.19, Zacks reports. The business had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.84 billion. Liberty Global had a negative net margin of 54.02% and a negative return on equity of 22.30%.

Liberty Global Trading Down 1.5 %

Shares of NASDAQ:LBTYK traded down $0.17 during trading on Wednesday, reaching $11.08. 368,937 shares of the company were exchanged, compared to its average volume of 1,249,844. The firm has a market capitalization of $3.96 billion, a PE ratio of -1.08 and a beta of 1.19. Liberty Global has a 12-month low of $10.83 and a 12-month high of $22.14. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.19 and a quick ratio of 1.19. The business’s fifty day simple moving average is $12.39 and its 200-day simple moving average is $16.68.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on shares of Liberty Global in a research report on Friday, January 17th. They set a “hold” rating on the stock.

Insider Buying and Selling

In other news, CFO Charles H. R. Bracken sold 84,103 shares of Liberty Global stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $14.56, for a total transaction of $1,224,539.68. Following the completion of the sale, the chief financial officer now directly owns 53,312 shares in the company, valued at approximately $776,222.72. The trade was a 61.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Nicholas V. Tompras sold 57,000 shares of Liberty Global stock in a transaction on Friday, December 27th. The stock was sold at an average price of $12.94, for a total transaction of $737,580.00. Following the sale, the insider now owns 16,153 shares of the company’s stock, valued at $209,019.82. The trade was a 77.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 9.86% of the stock is currently owned by 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.