Liberty Broadband (LBRDA) Expected to Announce Earnings on Thursday

Liberty Broadband (NASDAQ:LBRDA) will likely be posting its quarterly earnings results before the market opens on Thursday, February 27th. Analysts expect Liberty Broadband to post earnings of $1.73 per share and revenue of $252.50 million for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Liberty Broadband Trading Up 1.2 %

Liberty Broadband stock opened at $81.35 on Tuesday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.07 and a current ratio of 2.07. The business’s 50-day simple moving average is $77.07 and its 200-day simple moving average is $76.01. The firm has a market capitalization of $11.62 billion, a PE ratio of 14.98 and a beta of 1.07. Liberty Broadband has a 52 week low of $47.17 and a 52 week high of $100.44.

Insider Transactions at Liberty Broadband

In other news, CEO Gregory B. Maffei sold 125,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $79.74, for a total value of $9,967,500.00. Following the transaction, the chief executive officer now directly owns 1,435,256 shares of the company’s stock, valued at $114,447,313.44. The trade was a 8.01 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 14.19% of the stock is owned by company insiders.

Analysts Set New Price Targets

LBRDA has been the topic of several research reports. Rosenblatt Securities lowered Liberty Broadband from a “buy” rating to a “neutral” rating and boosted their price target for the company from $91.00 to $92.00 in a research note on Thursday, November 14th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $95.00 price target (up from $90.00) on shares of Liberty Broadband in a research note on Friday, November 15th.

About Liberty Broadband

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. Its Charter segment offers subscription-based Internet and video services, and mobile and voice services; and state-of-the-art residential and business services, which includes Spectrum Internet, TV, mobile and voice for small and medium-sized companies; Spectrum Business provides a suite of broadband products and services for businesses and government application; Spectrum Enterprise offers customized fiber-based solutions; Spectrum Reach provides advertising and production for the modern media landscape.