Liberty Latin America (NASDAQ:LILA) Announces Earnings Results

Liberty Latin America (NASDAQ:LILA) posted its quarterly earnings results on Tuesday. The company reported ($0.30) earnings per share (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 company had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.12 billion. During the same period in the prior year, the business posted ($0.23) EPS.

Liberty Latin America Stock Performance

Shares of NASDAQ:LILA traded down $0.12 during midday trading on Wednesday, reaching $8.09. The company’s stock had a trading volume of 185,647 shares, compared to its average volume of 433,382. The firm has a market capitalization of $1.66 billion, a PE ratio of -31.58 and a beta of 1.12. The stock has a fifty day moving average of $7.03 and a 200 day moving average of $6.96. Liberty Latin America has a twelve month low of $5.90 and a twelve month high of $9.85. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 3.29.

Insider Buying and Selling at Liberty Latin America

In related news, Director Paul A. Gould acquired 200,000 shares of the firm’s stock in a transaction dated Wednesday, March 20th. The stock was acquired at an average price of $6.47 per share, with a total value of $1,294,000.00. Following the acquisition, the director now directly owns 445,916 shares in the company, valued at approximately $2,885,076.52. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, Director Paul A. Gould bought 200,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 20th. The stock was purchased at an average cost of $6.47 per share, for a total transaction of $1,294,000.00. Following the purchase, the director now directly owns 445,916 shares in the company, valued at approximately $2,885,076.52. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder John C. Malone purchased 35,780 shares of the company’s stock in a transaction that occurred on Wednesday, March 20th. The shares were purchased at an average price of $6.43 per share, for a total transaction of $230,065.40. Following the transaction, the insider now owns 7,402,498 shares of the company’s stock, valued at approximately $47,598,062.14. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 1,220,056 shares of company stock valued at $8,247,512. 11.35% of the stock is owned by insiders.

Wall Street Analyst Weigh In

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

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.