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

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

Liberty Latin America Stock Up 0.7 %

Shares of LILA stock opened at $8.67 on Friday. The firm’s fifty day moving average price is $7.13 and its two-hundred day moving average price is $6.99. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 3.29. Liberty Latin America has a 1 year low of $5.90 and a 1 year high of $9.85. The firm has a market capitalization of $1.78 billion, a P/E ratio of -33.35 and a beta of 1.12.

Insider Transactions at Liberty Latin America

In related news, major shareholder John C. Malone bought 484,673 shares of the company’s stock in a transaction that occurred on Friday, March 22nd. The shares were acquired at an average price of $6.72 per share, for a total transaction of $3,257,002.56. Following the completion of the acquisition, the insider now owns 8,360,255 shares of the company’s stock, valued at approximately $56,180,913.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, major shareholder John C. Malone bought 106,900 shares of the company’s stock in a transaction dated Thursday, March 28th. The shares were bought at an average cost of $6.99 per share, with a total value of $747,231.00. Following the acquisition, the insider now owns 8,827,614 shares in the company, valued at $61,705,021.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder John C. Malone purchased 484,673 shares of Liberty Latin America stock in a transaction that occurred on Friday, March 22nd. The shares were acquired at an average price of $6.72 per share, with a total value of $3,257,002.56. Following the acquisition, the insider now directly owns 8,360,255 shares of the company’s stock, valued at approximately $56,180,913.60. The disclosure for this purchase can be found here. Insiders acquired a total of 1,220,056 shares of company stock worth $8,247,512 in the last three months. Insiders own 11.35% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Barclays reduced their price objective on Liberty Latin America from $9.00 to $8.00 and set an “equal weight” rating for the company in a research report on Tuesday.

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.