Zacks: Analysts Anticipate Liberty Global PLC (LBTYA) Will Post Earnings of $0.41 Per Share

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Equities research analysts expect Liberty Global PLC (NASDAQ:LBTYA) to post earnings per share of $0.41 for the current quarter, according to Zacks. Zero analysts have made estimates for Liberty Global’s earnings. Liberty Global reported earnings per share of $0.80 in the same quarter last year, which indicates a negative year over year growth rate of 48.8%. The company is expected to issue its next quarterly earnings results on Wednesday, August 14th.

On average, analysts expect that Liberty Global will report full year earnings of ($0.13) per share for the current fiscal year, with EPS estimates ranging from ($1.20) to $0.88. For the next financial year, analysts anticipate that the business will report earnings of ($0.02) per share, with EPS estimates ranging from ($0.74) to $0.60. Zacks’ EPS averages are an average based on a survey of research analysts that cover Liberty Global.

Liberty Global (NASDAQ:LBTYA) last issued its quarterly earnings data on Wednesday, February 27th. The company reported $0.03 earnings per share for the quarter. The business had revenue of $2.95 billion for the quarter, compared to analyst estimates of $2.97 billion. Liberty Global had a negative return on equity of 2.41% and a net margin of 16.23%.

A number of equities research analysts recently weighed in on the company. Bank of America lowered Liberty Global from a “neutral” rating to an “underperform” rating and reduced their price objective for the stock from $38.60 to $23.50 in a research report on Wednesday, April 10th. BidaskClub upgraded Liberty Global from a “hold” rating to a “buy” rating in a research report on Wednesday, March 20th. Pivotal Research restated a “buy” rating and set a $32.00 price objective on shares of Liberty Global in a research report on Thursday, March 14th. ValuEngine upgraded Liberty Global from a “sell” rating to a “hold” rating in a research report on Friday, March 1st. Finally, Zacks Investment Research lowered Liberty Global from a “hold” rating to a “strong sell” rating in a research report on Tuesday, March 19th. Three analysts have rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $31.17.

Shares of LBTYA stock opened at $25.23 on Friday. The firm has a market cap of $18.61 billion, a P/E ratio of -12.81 and a beta of 1.54. Liberty Global has a twelve month low of $19.88 and a twelve month high of $30.50. The company has a debt-to-equity ratio of 6.85, a quick ratio of 0.36 and a current ratio of 0.36.

In other news, EVP Bryan H. Hall sold 2,000 shares of the business’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $25.18, for a total value of $50,360.00. Following the transaction, the executive vice president now directly owns 167,138 shares of the company’s stock, valued at approximately $4,208,534.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard R. Green sold 40,448 shares of the business’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $24.54, for a total value of $992,593.92. Following the completion of the transaction, the director now directly owns 15,993 shares in the company, valued at $392,468.22. The disclosure for this sale can be found here. Insiders sold a total of 236,541 shares of company stock worth $5,865,979 in the last quarter. Corporate insiders own 5.93% of the company’s stock.

Several large investors have recently made changes to their positions in LBTYA. Princeton Global Asset Management LLC acquired a new position in shares of Liberty Global in the 4th quarter valued at about $26,000. NuWave Investment Management LLC lifted its stake in shares of Liberty Global by 71.5% in the 1st quarter. NuWave Investment Management LLC now owns 1,024 shares of the company’s stock valued at $26,000 after purchasing an additional 427 shares during the period. Coastal Investment Advisors Inc. acquired a new position in shares of Liberty Global in the 1st quarter valued at about $68,000. Kinneret Advisory LLC acquired a new position in shares of Liberty Global in the 4th quarter valued at about $84,000. Finally, QS Investors LLC lifted its stake in shares of Liberty Global by 21.1% in the 4th quarter. QS Investors LLC now owns 4,015 shares of the company’s stock valued at $86,000 after purchasing an additional 700 shares during the period. 23.39% of the stock is currently owned by institutional investors.

Liberty Global Company Profile

Liberty Global plc, together with its subsidiaries, provides video, broadband Internet, fixed-line telephony, mobile, and other communications services to residential customers and businesses in Europe. It offers video services, including digital video programming and audio services starting with a basic video service, video-on-demand, electronic programming guide, various premium channel packages, digital video recorders, various mobile applications, and set-top boxes.

Further Reading: What is diluted earnings per share (Diluted EPS)?

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Earnings History and Estimates for Liberty Global (NASDAQ:LBTYA)

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