Liberty Global (LBTYA) Set to Post Quarterly Earnings on Tuesday

Liberty Global (NASDAQ:LBTYA) is expected to be announcing its results before the market opens on Tuesday, November 3rd. Analysts expect the company to post earnings of ($0.3224) per share and revenue of $1.55 billion for the quarter.

Liberty Global (NASDAQ:LBTYA) last released its quarterly earnings results on Friday, July 24th. The company reported ($1.07) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.48) by ($0.59). The business had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.34 billion. Liberty Global had a negative return on equity of 28.83% and a negative net margin of 62.12%. On average, analysts expect Liberty Global to post ($1.47) EPS for the current fiscal year and ($1.70) EPS for the next fiscal year.

Liberty Global Stock Down 4.1%

Shares of NASDAQ:LBTYA opened at $7.54 on Tuesday. The business has a 50-day moving average price of $9.67 and a 200 day moving average price of $11.08. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.28 and a quick ratio of 1.28. Liberty Global has a 12-month low of $7.36 and a 12-month high of $13.52.

Analysts Set New Price Targets

Several brokerages have weighed in on LBTYA. Barclays lowered their target price on shares of Liberty Global from $10.00 to $7.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 20th. UBS Group decreased their price objective on shares of Liberty Global from $12.10 to $11.90 and set a “neutral” rating on the stock in a report on Tuesday, August 4th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Liberty Global in a report on Friday, July 31st. Wall Street Zen raised Liberty Global to a “sell” rating in a research report on Saturday, October 17th. Finally, New Street Research upgraded Liberty Global from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a research note on Tuesday, October 20th. Two investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $12.78.

About Liberty Global

Liberty Global plc is an international telecommunications and media company that invests in and operates broadband, mobile, fixed-line, video and related digital services. Its offerings generally include high-speed internet, television, telephony, mobile connectivity and business communications services for residential and enterprise customers.

The company has operations and strategic investments across Europe. Its portfolio includes Sunrise in Switzerland and Telenet in Belgium, as well as 50% interests in Virgin Media O2 in the United Kingdom, a joint venture with Telefónica, and VodafoneZiggo in the Netherlands, a joint venture with Vodafone.