Liberty Broadband (LBRDK) Scheduled to Post Earnings on Wednesday

Liberty Broadband (NASDAQ:LBRDK) will release its earnings data before the market opens on Wednesday, May 8th. Analysts expect Liberty Broadband to post earnings of $2.38 per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Liberty Broadband (NASDAQ:LBRDK) last issued its quarterly earnings results on Friday, February 16th. The company reported $1.39 earnings per share for the quarter, missing the consensus estimate of $2.62 by ($1.23). Liberty Broadband had a return on equity of 7.76% and a net margin of 70.13%. The business had revenue of $250.00 million for the quarter, compared to the consensus estimate of $227.82 million. On average, analysts expect Liberty Broadband to post $10 EPS for the current fiscal year and $11 EPS for the next fiscal year.

Liberty Broadband Trading Up 0.8 %

Shares of NASDAQ:LBRDK opened at $51.88 on Monday. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.42 and a quick ratio of 2.42. The company’s 50-day moving average price is $54.23 and its two-hundred day moving average price is $69.25. The stock has a market capitalization of $7.42 billion, a PE ratio of 11.11 and a beta of 0.97. Liberty Broadband has a one year low of $46.46 and a one year high of $95.68.

Insiders Place Their Bets

In other Liberty Broadband news, Director J David Wargo sold 9,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $56.80, for a total transaction of $511,200.00. Following the completion of the sale, the director now directly owns 97,332 shares in the company, valued at $5,528,457.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold a total of 45,000 shares of company stock valued at $2,435,830 over the last ninety days. 10.80% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Separately, Citigroup dropped their price target on shares of Liberty Broadband from $108.00 to $83.00 and set a “buy” rating on the stock in a research report on Wednesday, February 7th.

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.