Liberty Latin America (NASDAQ:LILA) Posts Earnings Results, Misses Estimates By $0.16 EPS

Liberty Latin America (NASDAQ:LILA) released its quarterly earnings results on Tuesday. The company reported ($0.30) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.16), Yahoo Finance reports. Liberty Latin America had a negative net margin of 1.21% and a negative return on equity of 2.26%. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.12 billion. During the same period in the previous year, the business posted ($0.23) earnings per share.

Liberty Latin America Stock Down 1.5 %

Shares of Liberty Latin America stock traded down $0.12 during trading on Wednesday, reaching $8.09. The company had a trading volume of 185,647 shares, compared to its average volume of 433,382. The company has a debt-to-equity ratio of 3.29, a quick ratio of 1.13 and a current ratio of 1.13. Liberty Latin America has a fifty-two week low of $5.90 and a fifty-two week high of $9.85. The firm’s fifty day moving average is $7.03 and its 200-day moving average is $6.96. The company has a market cap of $1.66 billion, a price-to-earnings ratio of -31.58 and a beta of 1.12.

Analyst Upgrades and Downgrades

Separately, Barclays cut 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.

Insider Activity at Liberty Latin America

In other Liberty Latin America news, CAO Brian D. Zook sold 27,711 shares of the stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $6.76, for a total transaction of $187,326.36. Following the transaction, the chief accounting officer now owns 34,798 shares of the company’s stock, valued at approximately $235,234.48. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Liberty Latin America news, Director Paul A. Gould acquired 200,000 shares of the stock in a transaction that occurred on Wednesday, March 20th. The stock was acquired at an average price of $6.47 per share, with a total value of $1,294,000.00. Following the transaction, the director now directly owns 445,916 shares in the company, valued at $2,885,076.52. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, CAO Brian D. Zook sold 27,711 shares of the firm’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $6.76, for a total transaction of $187,326.36. Following the completion of the transaction, the chief accounting officer now directly owns 34,798 shares in the company, 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 over the last three months. 11.35% of the stock is owned by insiders.

Liberty Latin America Company Profile

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.