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

Liberty Latin America (NASDAQ:LILA) released its earnings results on Tuesday. The company reported ($0.30) EPS for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.16), Yahoo Finance reports. Liberty Latin America had a negative return on equity of 2.26% and a negative net margin of 1.21%. The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.12 billion. During the same period in the prior year, the firm posted ($0.23) EPS.

Liberty Latin America Price Performance

LILA stock traded down $0.15 during midday trading on Thursday, reaching $8.46. The company had a trading volume of 31,606 shares, compared to its average volume of 436,045. The stock has a 50 day moving average price of $7.08 and a 200-day moving average price of $6.98. The company has a market capitalization of $1.74 billion, a price-to-earnings ratio of -33.12 and a beta of 1.12. The company has a debt-to-equity ratio of 3.29, a current ratio of 1.13 and a quick ratio of 1.13. Liberty Latin America has a 1-year low of $5.90 and a 1-year high of $9.85.

Insiders Place Their Bets

In related news, major shareholder John C. Malone acquired 106,900 shares of the company’s stock in a transaction that occurred on Thursday, March 28th. The stock was acquired at an average price of $6.99 per share, with a total value of $747,231.00. Following the purchase, the insider now directly owns 8,827,614 shares in the company, valued at $61,705,021.86. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Liberty Latin America news, major shareholder John C. Malone acquired 106,900 shares of the stock in a transaction dated Thursday, March 28th. The stock was purchased at an average cost of $6.99 per share, with a total value of $747,231.00. Following the transaction, the insider now owns 8,827,614 shares in the company, valued at approximately $61,705,021.86. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, CAO Brian D. Zook sold 27,711 shares of the business’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $6.76, for a total value of $187,326.36. Following the completion of the sale, the chief accounting officer now directly owns 34,798 shares of the company’s stock, valued at $235,234.48. The disclosure for this sale can be found here. Insiders acquired 1,220,056 shares of company stock worth $8,247,512 over the last three months. Insiders own 11.35% of the company’s stock.

Wall Street Analysts Forecast Growth

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