Liberty Broadband (NASDAQ:LBRDK) Posts Earnings Results, Misses Estimates By $1.63 EPS

Liberty Broadband (NASDAQ:LBRDK) released its earnings results on Thursday. The company reported $2.04 EPS for the quarter, missing the consensus estimate of $3.67 by ($1.63), Zacks reports. Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. The business had revenue of $253.00 million during the quarter, compared to analyst estimates of $252.50 million.

Liberty Broadband Stock Performance

NASDAQ:LBRDK opened at $82.26 on Friday. Liberty Broadband has a twelve month low of $46.46 and a twelve month high of $101.50. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.40. The company has a 50-day moving average of $77.95 and a 200-day moving average of $77.05. The firm has a market cap of $11.75 billion, a price-to-earnings ratio of 15.15 and a beta of 1.04.

Insiders Place Their Bets

In other news, CEO Gregory B. Maffei sold 125,000 shares of Liberty Broadband stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $79.74, for a total value of $9,967,500.00. Following the transaction, the chief executive officer now owns 1,435,256 shares of the company’s stock, valued at $114,447,313.44. This trade represents a 8.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 10.80% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on Liberty Broadband in a report on Tuesday. They issued a “sell” rating for the company.

Liberty Broadband Company Profile

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.