Liberty Broadband (NASDAQ:LBRDA) Issues Earnings Results

Liberty Broadband (NASDAQ:LBRDA) released its earnings results on Thursday. The company reported $2.04 earnings per share for the quarter, beating the consensus estimate of $1.73 by $0.31, Zacks reports. Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. The firm had revenue of $263.00 million during the quarter, compared to analyst estimates of $252.50 million.

Liberty Broadband Stock Up 2.1 %

Liberty Broadband stock opened at $80.40 on Friday. The firm has a market capitalization of $11.49 billion, a P/E ratio of 14.81 and a beta of 1.07. The company has a 50-day simple moving average of $77.18 and a 200-day simple moving average of $76.17. Liberty Broadband has a one year low of $47.17 and a one year high of $100.44. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.07 and a current ratio of 2.07.

Insider Buying and Selling at Liberty Broadband

In other Liberty Broadband news, CEO Gregory B. Maffei sold 71,500 shares of the business’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $82.00, for a total transaction of $5,863,000.00. Following the completion of the transaction, the chief executive officer now owns 2,827,013 shares in the company, valued at approximately $231,815,066. The trade was a 2.47 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 14.19% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $95.00 price objective (up previously from $90.00) on shares of Liberty Broadband in a research report on Friday, November 15th. Rosenblatt Securities lowered Liberty Broadband from a “buy” rating to a “neutral” rating and upped their target price for the company from $91.00 to $92.00 in a report on Thursday, November 14th.

About Liberty Broadband

Liberty Broadband Corporation engages in the communications businesses. The company’s GCI Holdings segment provides data, wireless, video, voice, and managed services to residential customers, businesses, governmental entities, educational, and medical institutions in Alaska under the GCI brand. Its Charter segment offers subscription-based Internet and video services, and mobile and voice services; and state-of-the-art residential and business services, which includes Spectrum Internet, TV, mobile and voice for small and medium-sized companies; Spectrum Business provides a suite of broadband products and services for businesses and government application; Spectrum Enterprise offers customized fiber-based solutions; Spectrum Reach provides advertising and production for the modern media landscape.