Liberty Global (LILAK) Expected to Post Earnings on Wednesday

Liberty Global (NASDAQ:LILAK) will likely be issuing its results after the market closes on Wednesday, November 4th. Analysts expect the company to post earnings of ($0.0142) per share and revenue of $1.14 billion for the quarter.

Liberty Global (NASDAQ:LILAK) last issued its quarterly earnings data on Wednesday, August 5th. The company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.15). The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.09 billion.

Liberty Global Price Performance

Liberty Global stock opened at $7.90 on Wednesday. The firm has a fifty day moving average price of $8.41 and a two-hundred day moving average price of $8.01. Liberty Global has a fifty-two week low of $4.76 and a fifty-two week high of $9.13.

Insider Transactions at Liberty Global

In related news, Director John C. Malone purchased 21,013 shares of Liberty Global stock in a transaction dated Wednesday, September 30th. The shares were acquired at an average cost of $8.98 per share, for a total transaction of $188,696.74. Following the transaction, the director directly owned 1,412,175 shares of the company’s stock, valued at approximately $12,681,331.50. This trade represents a 1.51% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Angoitia Alfonso De purchased 313,104 shares of Liberty Global stock in a transaction dated Wednesday, September 2nd. The stock was bought at an average price of $20.95 per share, for a total transaction of $6,559,528.80. Following the completion of the transaction, the director directly owned 476,190 shares in the company, valued at $9,976,180.50. The trade was a 191.99% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders purchased 970,439 shares of company stock valued at $16,180,721. Corporate insiders own 9.66% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. UBS Group began coverage on shares of Liberty Global in a research note on Thursday, September 3rd. They issued a “neutral” rating and a $9.00 target price on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Liberty Global in a research report on Thursday, October 15th. Finally, Citigroup upped their target price on shares of Liberty Global from $8.00 to $9.00 and gave the stock a “neutral” rating in a research report on Thursday, August 13th. Two analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average price target of $9.00.

About Liberty Global

NASDAQ:LILAK represents Class C ordinary shares of Liberty Latin America Ltd., not Liberty Global Ltd. Liberty Latin America is a telecommunications company serving customers across Latin America and the Caribbean. Its operations include broadband internet, mobile and fixed-line voice services, pay television, and business communications services.

The company provides connectivity and entertainment products to residential customers and offers data, voice, managed services, and information-technology solutions to businesses and government organizations.