Liberty Broadband (LBRDK) to Release Earnings on Wednesday

Liberty Broadband (NASDAQ:LBRDK) is scheduled to 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. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Liberty Broadband (NASDAQ:LBRDK) last posted its earnings results on Friday, February 16th. The company reported $1.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.62 by ($1.23). The firm had revenue of $250.00 million for the quarter, compared to analyst estimates of $227.82 million. Liberty Broadband had a net margin of 70.13% and a return on equity of 7.76%. 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 1.2 %

Liberty Broadband stock opened at $52.52 on Tuesday. The company has a quick ratio of 2.42, a current ratio of 2.42 and a debt-to-equity ratio of 0.42. The firm has a 50-day moving average price of $54.07 and a two-hundred day moving average price of $68.98. The firm has a market capitalization of $7.51 billion, a price-to-earnings ratio of 11.25 and a beta of 0.97. Liberty Broadband has a 52-week low of $46.46 and a 52-week high of $95.68.

Insider Transactions at Liberty Broadband

In other news, Director J David Wargo sold 9,000 shares of the company’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 value of $511,200.00. Following the completion of the sale, the director now directly owns 97,332 shares of the company’s stock, valued at approximately $5,528,457.60. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last three months, insiders sold 45,000 shares of company stock valued at $2,435,830. Company insiders own 10.80% of the company’s stock.

Analysts Set New Price Targets

Separately, Citigroup reduced their price target on shares of Liberty Broadband from $108.00 to $83.00 and set a “buy” rating for the company in a research note 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.