Liberty Broadband (LBRDA) Set to Announce Earnings on Thursday

Liberty Broadband (NASDAQ:LBRDA) is set to issue its quarterly earnings data before the market opens on Thursday, November 7th. Parties that wish to register for the company’s conference call can do so using this link.

Liberty Broadband (NASDAQ:LBRDA) last posted its quarterly earnings data on Thursday, August 8th. The company reported $1.36 earnings per share for the quarter, missing the consensus estimate of $3.12 by ($1.76). Liberty Broadband had a return on equity of 8.79% and a net margin of 81.86%. The firm had revenue of $246.00 million for the quarter. During the same period last year, the company earned $1.71 earnings per share.

Liberty Broadband Trading Up 1.8 %

LBRDA opened at $81.11 on Thursday. The company’s 50 day moving average is $70.23 and its 200-day moving average is $60.13. The company has a market cap of $11.59 billion, a P/E ratio of 13.77 and a beta of 1.06. Liberty Broadband has a 1-year low of $47.17 and a 1-year high of $87.49. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.39.

Insider Transactions at Liberty Broadband

In other news, CAO Brian J. Wendling sold 2,208 shares of Liberty Broadband stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $75.84, for a total transaction of $167,454.72. Following the sale, the chief accounting officer now directly owns 11,054 shares in the company, valued at $838,335.36. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, insider Renee L. Wilm sold 4,423 shares of the business’s stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of $76.56, for a total value of $338,624.88. Following the sale, the insider now directly owns 3,670 shares in the company, valued at approximately $280,975.20. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Brian J. Wendling sold 2,208 shares of the business’s stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $75.84, for a total value of $167,454.72. Following the completion of the sale, the chief accounting officer now owns 11,054 shares in the company, valued at $838,335.36. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 14.19% of the company’s stock.

Analyst Ratings Changes

LBRDA has been the subject of several analyst reports. Citigroup lowered shares of Liberty Broadband from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $67.00 to $57.00 in a report on Wednesday, July 3rd. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Liberty Broadband from $104.00 to $90.00 and set a “buy” rating on the stock in a report on Friday, August 16th.

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. 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.