Liberty Global (NASDAQ:LBTYK) Posts Earnings Results, Beats Estimates By $7.19 EPS

Liberty Global (NASDAQ:LBTYK) issued its quarterly earnings data on Tuesday. The company reported $6.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.86) by $7.19, Zacks reports. Liberty Global had a return on equity of 9.04% and a net margin of 23.09%. The company had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.84 billion.

Liberty Global Trading Up 2.6 %

NASDAQ LBTYK opened at $11.54 on Thursday. The business has a 50 day simple moving average of $12.35 and a 200 day simple moving average of $16.65. Liberty Global has a one year low of $10.83 and a one year high of $22.14. The stock has a market capitalization of $4.13 billion, a P/E ratio of 2.75 and a beta of 1.19. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.19 and a quick ratio of 1.19.

Insider Buying and Selling

In related news, major shareholder Nicholas V. Tompras sold 57,000 shares of the firm’s stock in a transaction that occurred on Friday, December 27th. The stock was sold at an average price of $12.94, for a total transaction of $737,580.00. Following the completion of the sale, the insider now owns 16,153 shares of the company’s stock, valued at $209,019.82. This trade represents a 77.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Charles H. R. Bracken sold 84,103 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $14.56, for a total value of $1,224,539.68. Following the sale, the chief financial officer now directly owns 53,312 shares of the company’s stock, valued at $776,222.72. This represents a 61.20 % decrease in their position. The disclosure for this sale can be found here. 9.86% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on Liberty Global in a research report on Friday, January 17th. They set a “hold” rating for the company.

Liberty Global Company Profile

Liberty Global Ltd., together with its subsidiaries, provides broadband internet, video, fixed-line telephony, and mobile communications services to residential and business customers. It offers value-added broadband services, such as WiFi features, security, anti-virus, firewall, spam protection, smart home services, online storage solutions, and web spaces; and Connect Box that delivers in-home Wi-Fi service.