Liberty Global (NASDAQ:LBTYK) Announces Earnings Results

Liberty Global (NASDAQ:LBTYK) issued its quarterly earnings results on Tuesday. The company reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.32) by $1.64, Zacks reports. The company had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $1.71 billion. Liberty Global had a negative return on equity of 25.59% and a negative net margin of 44.40%.

Liberty Global Trading Down 1.1%

LBTYK traded down $0.11 during mid-day trading on Thursday, hitting $9.23. The stock had a trading volume of 1,588,928 shares, compared to its average volume of 1,462,279. The firm has a market capitalization of $3.15 billion, a price-to-earnings ratio of -1.25 and a beta of 1.00. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.28 and a quick ratio of 1.28. The stock’s fifty day simple moving average is $9.07 and its 200-day simple moving average is $10.71. Liberty Global has a 1-year low of $7.32 and a 1-year high of $13.12.

Insider Buying and Selling at Liberty Global

In related news, EVP Enrique Rodriguez acquired 211,313 shares of the firm’s stock in a transaction dated Wednesday, November 4th. The stock was bought at an average price of $9.45 per share, for a total transaction of $1,996,907.85. Following the acquisition, the executive vice president directly owned 602,378 shares of the company’s stock, valued at approximately $5,692,472.10. The trade was a 54.04% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Michael T. Fries bought 110,000 shares of the stock in a transaction that occurred on Wednesday, November 4th. The stock was bought at an average cost of $9.37 per share, for a total transaction of $1,030,700.00. Following the transaction, the chief executive officer owned 1,238,525 shares of the company’s stock, valued at $11,604,979.25. The trade was a 9.75% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 9.86% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Weiss Ratings raised shares of Liberty Global from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, October 16th. Wall Street Zen lowered Liberty Global from a “hold” rating to a “sell” rating in a report on Saturday, August 8th. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the company presently has an average rating of “Sell”.

About Liberty Global

Liberty Global plc is an international telecommunications and media company that provides broadband, mobile, television and fixed-line communications services. Through its operating businesses and strategic investments, the company serves residential customers, businesses and public-sector organizations with connectivity, entertainment and communications solutions.

Liberty Global’s principal operating interests include Virgin Media O2, its joint venture with Telefónica in the United Kingdom; Sunrise in Switzerland; and Telenet in Belgium.