Liberty Broadband (LBRDA) Projected to Post Quarterly Earnings on Thursday

Liberty Broadband (NASDAQ:LBRDA) is expected to announce its earnings results before the market opens on Thursday, February 27th. Analysts expect the company to announce earnings of $1.73 per share and revenue of $252.50 million for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Liberty Broadband Price Performance

NASDAQ:LBRDA opened at $80.53 on Thursday. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $11.50 billion, a P/E ratio of 14.83 and a beta of 1.07. Liberty Broadband has a 12 month low of $47.17 and a 12 month high of $100.44. The business’s 50-day moving average is $77.14 and its 200 day moving average is $75.52.

Insiders Place Their Bets

In other Liberty Broadband news, CEO Gregory B. Maffei sold 125,000 shares of the firm’s stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $79.74, for a total transaction of $9,967,500.00. Following the transaction, the chief executive officer now owns 1,435,256 shares of the company’s stock, valued at approximately $114,447,313.44. This trade represents a 8.01 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 14.19% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages have recently issued reports on LBRDA. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $95.00 target price (up from $90.00) on shares of Liberty Broadband in a research report on Friday, November 15th. Rosenblatt Securities downgraded Liberty Broadband from a “buy” rating to a “neutral” rating and upped their price objective for the company from $91.00 to $92.00 in a research report on Thursday, November 14th.

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.