Liberty Latin America (NASDAQ:LILA) Posts Quarterly Earnings Results

Liberty Latin America (NASDAQ:LILA) announced its earnings results on Wednesday. The company reported ($0.42) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.33), FiscalAI reports. The firm had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.14 billion. Liberty Latin America had a negative return on equity of 16.82% and a negative net margin of 3.86%.

Liberty Latin America Stock Performance

NASDAQ LILA remained flat at $8.91 during trading on Friday. The company’s stock had a trading volume of 709,315 shares, compared to its average volume of 462,797. Liberty Latin America has a 12-month low of $4.77 and a 12-month high of $9.25. The company has a market capitalization of $1.75 billion, a price-to-earnings ratio of -9.58 and a beta of 0.78. 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 stock has a fifty day moving average price of $8.47 and a two-hundred day moving average price of $8.02.

Analysts Set New Price Targets

LILA has been the subject of several research analyst reports. Morgan Stanley downgraded shares of Liberty Latin America from an “equal weight” rating to an “underweight” rating and set a $7.00 price target for the company. in a research report on Thursday, August 20th. UBS Group upgraded shares of Liberty Latin America to a “hold” rating in a research report on Thursday, September 3rd. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Liberty Latin America in a research note on Thursday, October 15th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus target price of $10.00.

Insider Activity

In other Liberty Latin America news, Director Angoitia Alfonso De bought 313,104 shares of the company’s stock in a transaction dated Wednesday, September 2nd. The shares were bought at an average price 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 approximately $9,976,180.50. This trade represents a 191.99% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director John Malone purchased 113,704 shares of Liberty Latin America stock in a transaction dated Monday, August 10th. The stock was bought at an average cost of $10.12 per share, with a total value of $1,150,684.48. Following the completion of the transaction, the director directly owned 1,351,126 shares of the company’s stock, valued at $13,673,395.12. This represents a 9.19% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have acquired 867,111 shares of company stock worth $14,427,245 in the last 90 days. Company insiders own 6.25% of the company’s stock.

About Liberty Latin America

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.