Liberty Latin America (NASDAQ:LILAK) Posts Quarterly Earnings Results, Misses Expectations By $1.05 EPS

Liberty Latin America (NASDAQ:LILAK) posted its quarterly earnings data on Wednesday. The company reported ($0.90) earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($1.05), Zacks reports. Liberty Latin America had a negative return on equity of 31.59% and a negative net margin of 14.74%. The business had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.14 billion.

Liberty Latin America Stock Performance

Liberty Latin America stock traded down $0.01 during trading hours on Friday, hitting $6.77. 110,680 shares of the stock traded hands, compared to its average volume of 799,770. Liberty Latin America has a 1 year low of $5.88 and a 1 year high of $10.93. The stock has a market capitalization of $1.33 billion, a price-to-earnings ratio of -2.03 and a beta of 1.02. The company has a debt-to-equity ratio of 4.31, a current ratio of 1.06 and a quick ratio of 1.06. The firm’s 50 day moving average price is $6.60 and its 200-day moving average price is $8.06.

Insider Buying and Selling

In related news, Director Brendan J. Paddick acquired 18,011 shares of Liberty Latin America stock in a transaction on Monday, December 23rd. The stock was acquired at an average price of $6.12 per share, for a total transaction of $110,227.32. Following the purchase, the director now owns 1,437,518 shares of the company’s stock, valued at approximately $8,797,610.16. This represents a 1.27 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders bought 156,298 shares of company stock valued at $1,043,886 over the last quarter. 9.66% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on LILAK. The Goldman Sachs Group lowered their price target on Liberty Latin America from $10.50 to $7.50 and set a “neutral” rating for the company in a report on Wednesday, December 4th. Scotiabank dropped their target price on shares of Liberty Latin America from $9.40 to $8.30 and set a “sector outperform” rating on the stock in a research report on Friday, November 8th.

About Liberty Latin America

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.