Liberty Global (LBTYK) Expected to Release Quarterly Earnings on Friday

Liberty Global (NASDAQ:LBTYK) is projected to issue its results before the market opens on Friday, July 24th. Analysts expect Liberty Global to post earnings of ($0.4778) per share and revenue of $1.3431 billion for the quarter.

Liberty Global (NASDAQ:LBTYK) last released its earnings results on Friday, May 1st. The company reported $0.96 EPS for the quarter, beating the consensus estimate of ($0.35) by $1.31. The firm had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.27 billion. Liberty Global had a negative net margin of 109.64% and a negative return on equity of 47.65%.

Liberty Global Trading Down 0.4%

Liberty Global stock opened at $9.95 on Wednesday. The firm has a 50 day simple moving average of $11.10 and a 200-day simple moving average of $11.38. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.11 and a quick ratio of 1.11. The stock has a market capitalization of $3.36 billion, a PE ratio of -0.62 and a beta of 0.89. Liberty Global has a 12-month low of $9.93 and a 12-month high of $13.12.

Insider Buying and Selling

In other Liberty Global news, Director J David Wargo sold 55,000 shares of the stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $11.54, for a total transaction of $634,700.00. Following the transaction, the director directly owned 53,876 shares of the company’s stock, valued at $621,729.04. This represents a 50.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 9.86% of the stock is owned by insiders.

Hedge Funds Weigh In On Liberty Global

Institutional investors have recently modified their holdings of the company. Jones Financial Companies Lllp raised its holdings in Liberty Global by 76,160.0% in the 1st quarter. Jones Financial Companies Lllp now owns 3,813 shares of the company’s stock worth $46,000 after acquiring an additional 3,808 shares during the period. Parallel Advisors LLC grew its holdings in shares of Liberty Global by 33.7% during the 4th quarter. Parallel Advisors LLC now owns 11,450 shares of the company’s stock worth $126,000 after purchasing an additional 2,885 shares in the last quarter. US Bancorp DE increased its holdings in Liberty Global by 161.6% in the 3rd quarter. US Bancorp DE now owns 10,792 shares of the company’s stock valued at $127,000 after buying an additional 6,667 shares during the period. Amundi bought a new stake in Liberty Global in the fourth quarter valued at about $133,000. Finally, M&T Bank Corp bought a new stake in shares of Liberty Global in the 2nd quarter valued at approximately $141,000. Institutional investors own 46.10% of the company’s stock.

Analyst Ratings Changes

LBTYK has been the subject of several research reports. Wall Street Zen raised Liberty Global from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings lowered Liberty Global from a “sell (d)” rating to a “sell (d-)” rating in a report on Monday, May 4th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.

Liberty Global Company Profile

Liberty Global (NASDAQ:LBTYK) is a leading international telecommunications and television company, headquartered in London. Established in 2005 through the merger of UGC Europe and Liberty Media International, the company has grown into one of the largest broadband and video service providers outside North America. Liberty Global focuses on delivering high-speed internet, digital video, mobile telephony and fixed-line communications to residential and business customers.

The company’s core services include ultra‐fast broadband, pay television, voice services and mobile offerings.