Liberty Global (LILAK) Set to Announce Quarterly Earnings on Wednesday

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

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

Liberty Global Price Performance

Shares of NASDAQ LILAK opened at $7.90 on Wednesday. The firm has a fifty day moving average of $8.41 and a 200-day moving average of $8.01. Liberty Global has a 52-week low of $4.76 and a 52-week high of $9.13.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. UBS Group began coverage on shares of Liberty Global in a research report on Thursday, September 3rd. They issued a “neutral” rating and a $9.00 price objective for the company. Weiss Ratings restated a “sell (d-)” rating on shares of Liberty Global in a research note on Thursday, October 15th. Finally, Citigroup lifted their price objective on shares of Liberty Global from $8.00 to $9.00 and gave the stock a “neutral” rating in a report on Thursday, August 13th. Two analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus price target of $9.00.

Insider Transactions at Liberty Global

In related news, Director Angoitia Alfonso De bought 313,104 shares of the firm’s stock in a transaction that occurred on Wednesday, September 2nd. The shares were acquired at an average cost of $20.95 per share, for a total transaction of $6,559,528.80. Following the acquisition, the director directly owned 476,190 shares of the company’s stock, valued at $9,976,180.50. The trade was a 191.99% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director John C. Malone bought 21,013 shares of the firm’s stock in a transaction on Wednesday, September 30th. The stock was purchased at an average price of $8.98 per share, with a total value of $188,696.74. Following the completion of the acquisition, the director 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 SEC filing for this purchase provides additional information. Insiders have acquired a total of 970,439 shares of company stock worth $16,180,721 over the last 90 days. 9.66% of the stock is owned by insiders.

Liberty Global Company Profile

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.