Liberty Latin America (NASDAQ:LILA) Releases Quarterly Earnings Results, Misses Estimates By $0.33 EPS

Liberty Latin America (NASDAQ:LILA) announced its quarterly earnings data on Wednesday. The company reported ($0.42) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.33), FiscalAI reports. The company had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.14 billion. Liberty Latin America had a negative net margin of 2.20% and a negative return on equity of 9.29%.

Liberty Latin America Price Performance

Shares of Liberty Latin America stock traded up $0.25 during mid-day trading on Thursday, reaching $8.91. 750,402 shares of the stock traded hands, compared to its average volume of 460,756. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 8.08. The business has a 50-day moving average of $8.47 and a 200 day moving average of $8.01. The stock has a market capitalization of $1.75 billion, a PE ratio of -18.18 and a beta of 0.78. Liberty Latin America has a fifty-two week low of $4.77 and a fifty-two week high of $9.04.

Insider Buying and Selling at Liberty Latin America

In other Liberty Latin America news, Director Angoitia Alfonso De bought 313,104 shares of the business’s stock in a transaction on Wednesday, September 2nd. The stock was bought at an average price of $20.95 per share, with a total value of $6,559,528.80. Following the completion of the purchase, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director John C. Malone acquired 21,013 shares of Liberty Latin America stock in a transaction that occurred on Wednesday, September 30th. The stock was bought at an average price of $8.98 per share, for a total transaction of $188,696.74. Following the completion of the acquisition, the director owned 1,412,175 shares in the company, valued at $12,681,331.50. This trade represents a 1.51% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders have acquired 970,439 shares of company stock worth $16,180,721. 6.25% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on LILA shares. UBS Group raised Liberty Latin America to a “hold” rating in a research report on Thursday, September 3rd. Weiss Ratings reissued a “sell (d-)” rating on shares of Liberty Latin America in a report on Thursday, October 15th. Finally, Morgan Stanley cut Liberty Latin America from an “equal weight” rating to an “underweight” rating and set a $7.00 price objective for the company. in a report on Thursday, August 20th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Reduce” and an average price target of $10.00.

Liberty Latin America Company Profile

Liberty Latin America Ltd. (NASDAQ: LILA) is a telecommunications and connectivity company serving customers across Latin America and the Caribbean. Its operations provide broadband internet, mobile and fixed-line communications, video and entertainment services, and business connectivity solutions to residential, commercial, and government customers.

The company operates through a portfolio of regional businesses and brands, including Liberty and Flow, as well as operations in markets such as Puerto Rico, Chile, Costa Rica, Panama, and several Caribbean countries.