Wall Street analysts predict that Liberty Global PLC (NASDAQ:LBTYA) will post earnings of $0.41 per share for the current quarter, Zacks reports. Zero analysts have provided estimates for Liberty Global’s earnings. Liberty Global posted earnings of $0.80 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 48.8%. The business is scheduled to announce its next quarterly earnings results on Wednesday, August 14th.
According to Zacks, analysts expect that Liberty Global will report full year earnings of ($0.31) per share for the current fiscal year, with EPS estimates ranging from ($1.20) to $0.88. For the next fiscal year, analysts forecast that the firm will post earnings of ($0.07) per share, with EPS estimates ranging from ($0.74) to $0.60. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that follow Liberty Global.
Liberty Global (NASDAQ:LBTYA) last released its quarterly earnings data on Monday, May 6th. The company reported ($0.43) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.36). The company had revenue of $2.87 billion for the quarter. Liberty Global had a net margin of 16.23% and a negative return on equity of 2.41%.
LBTYA has been the subject of a number of recent research reports. Pivotal Research reissued a “buy” rating and issued a $32.00 target price on shares of Liberty Global in a report on Thursday, April 4th. Zacks Investment Research lowered shares of Liberty Global from a “hold” rating to a “strong sell” rating in a research note on Tuesday, March 19th. BidaskClub lowered shares of Liberty Global from a “buy” rating to a “hold” rating in a research note on Thursday, March 14th. ValuEngine raised shares of Liberty Global from a “sell” rating to a “hold” rating in a research note on Friday, March 1st. Finally, Bank of America lowered shares of Liberty Global from a “neutral” rating to an “underperform” rating and lowered their target price for the company from $38.60 to $23.50 in a research note on Wednesday, April 10th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $31.17.
Shares of Liberty Global stock traded up $0.76 on Tuesday, hitting $27.42. 1,598,652 shares of the company traded hands, compared to its average volume of 1,561,018. The stock has a market cap of $19.70 billion, a P/E ratio of -13.92 and a beta of 1.49. The company has a debt-to-equity ratio of 6.85, a current ratio of 0.36 and a quick ratio of 0.36. Liberty Global has a 52 week low of $19.88 and a 52 week high of $30.50.
In other Liberty Global news, CEO Michael T. Fries sold 156,397 shares of Liberty Global stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $24.71, for a total transaction of $3,864,569.87. Following the transaction, the chief executive officer now owns 2,060,295 shares of the company’s stock, valued at $50,909,889.45. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director J C. Sparkman sold 20,931 shares of Liberty Global stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $25.25, for a total value of $528,507.75. Following the transaction, the director now directly owns 17,950 shares in the company, valued at approximately $453,237.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 268,903 shares of company stock valued at $6,667,608. Company insiders own 5.93% of the company’s stock.
Several institutional investors have recently bought and sold shares of LBTYA. Norges Bank purchased a new stake in Liberty Global during the fourth quarter worth $81,341,000. Harris Associates L P boosted its position in Liberty Global by 8.9% during the fourth quarter. Harris Associates L P now owns 25,294,509 shares of the company’s stock worth $539,784,000 after purchasing an additional 2,057,810 shares in the last quarter. BlackRock Inc. boosted its position in Liberty Global by 5.7% during the fourth quarter. BlackRock Inc. now owns 11,815,739 shares of the company’s stock worth $252,148,000 after purchasing an additional 638,945 shares in the last quarter. Bank of America Corp DE boosted its position in Liberty Global by 133.3% during the fourth quarter. Bank of America Corp DE now owns 737,432 shares of the company’s stock worth $15,738,000 after purchasing an additional 421,293 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its position in Liberty Global by 49.4% during the first quarter. Robeco Institutional Asset Management B.V. now owns 1,065,865 shares of the company’s stock worth $26,560,000 after purchasing an additional 352,333 shares in the last quarter. Hedge funds and other institutional investors own 23.25% of the company’s stock.
Liberty Global Company Profile
Liberty Global plc, together with its subsidiaries, provides video, broadband Internet, fixed-line telephony, mobile, and other communications services to residential customers and businesses in Europe. It offers video services, including digital video programming and audio services starting with a basic video service, video-on-demand, electronic programming guide, various premium channel packages, digital video recorders, various mobile applications, and set-top boxes.
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