Liberty Latin America (NASDAQ:LILA) Announces Quarterly Earnings Results, Misses Expectations By $0.16 EPS

Liberty Latin America (NASDAQ:LILA) released its quarterly earnings data on Tuesday. The company reported ($0.30) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by ($0.16), Yahoo Finance reports. The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.12 billion. Liberty Latin America had a negative net margin of 1.21% and a negative return on equity of 2.26%. During the same quarter in the prior year, the company earned ($0.23) EPS.

Liberty Latin America Stock Performance

Shares of NASDAQ:LILA traded down $0.02 on Thursday, hitting $8.59. 291,854 shares of the company were exchanged, compared to its average volume of 438,488. Liberty Latin America has a 1-year low of $5.90 and a 1-year high of $9.85. The stock’s 50 day moving average price is $7.08 and its 200 day moving average price is $6.98. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 3.29. The firm has a market capitalization of $1.76 billion, a P/E ratio of -33.12 and a beta of 1.12.

Insider Activity

In other news, major shareholder John C. Malone purchased 106,900 shares of the stock in a transaction dated Thursday, March 28th. The shares were purchased at an average price of $6.99 per share, with a total value of $747,231.00. Following the transaction, the insider now owns 8,827,614 shares in the company, valued at approximately $61,705,021.86. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, major shareholder John C. Malone acquired 106,900 shares of the company’s stock in a transaction on Thursday, March 28th. The shares were bought at an average price of $6.99 per share, with a total value of $747,231.00. Following the completion of the acquisition, the insider now owns 8,827,614 shares in the company, valued at approximately $61,705,021.86. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CAO Brian D. Zook sold 27,711 shares of the company’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $6.76, for a total transaction of $187,326.36. Following the completion of the sale, the chief accounting officer now owns 34,798 shares of the company’s stock, valued at approximately $235,234.48. The disclosure for this sale can be found here. Insiders bought a total of 1,220,056 shares of company stock valued at $8,247,512 in the last three months. 11.35% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Separately, Barclays dropped their price target on Liberty Latin America from $9.00 to $8.00 and set an “equal weight” rating on the stock in a research note on Tuesday.

About Liberty Latin America

Liberty Latin America Ltd., together with its subsidiaries, provides fixed, mobile, and subsea telecommunications services. The company operates through C&W Caribbean, C&W Panama, Liberty Networks, Liberty Puerto Rico, and Liberty Costa Rico segments. It offers communications and entertainment services, including video, broadband internet, fixed-line, telephony, and mobiles services to residential and business customers; and business products and services that include enterprise-grade connectivity, data center, hosting, and managed solutions, as well as information technology solutions for small and medium enterprises, international companies, and governmental agencies.