Liberty Latin America (NASDAQ:LILA) Announces Earnings Results

Liberty Latin America (NASDAQ:LILA) announced its quarterly earnings results on Wednesday. The company reported ($0.42) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.33), FiscalAI reports. Liberty Latin America had a negative net margin of 2.20% and a negative return on equity of 9.29%. The company had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.14 billion.

Liberty Latin America Trading Down 0.8%

NASDAQ LILA traded down $0.07 during trading on Wednesday, reaching $8.66. The company’s stock had a trading volume of 399,898 shares, compared to its average volume of 318,740. The company has a debt-to-equity ratio of 8.08, a current ratio of 1.19 and a quick ratio of 1.19. The firm has a fifty day moving average of $8.47 and a 200 day moving average of $8.01. Liberty Latin America has a one year low of $4.77 and a one year high of $9.04.

Analyst Ratings Changes

LILA has been the subject of several recent analyst reports. UBS Group raised shares of Liberty Latin America to a “hold” rating in a research note on Thursday, September 3rd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Liberty Latin America in a research note on Thursday, October 15th. Finally, Morgan Stanley downgraded shares of Liberty Latin America from an “equal weight” rating to an “underweight” rating and set a $7.00 price target for the company. in a report on Thursday, August 20th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Reduce” and an average price target of $10.00.

Insider Activity

In other Liberty Latin America news, Director Angoitia Alfonso De acquired 313,104 shares of the business’s stock in a transaction dated Wednesday, September 2nd. The stock was bought at an average price of $20.95 per share, with a total value of $6,559,528.80. Following the completion of the acquisition, the director owned 476,190 shares of the company’s stock, valued at $9,976,180.50. This trade represents a 191.99% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director John C. Malone acquired 21,013 shares of the firm’s stock in a transaction that occurred on Wednesday, September 30th. The stock was bought at an average price of $8.98 per share, for a total transaction of $188,696.74. Following the completion of the transaction, the director owned 1,412,175 shares of the company’s stock, valued at $12,681,331.50. The trade was a 1.51% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders acquired 970,439 shares of company stock worth $16,180,721. Insiders own 6.25% of the company’s stock.

Liberty Latin America Company Profile

Liberty Latin America Ltd. (NASDAQ: LILA) is a telecommunications and connectivity company serving customers across Latin America and the Caribbean. Its operations provide broadband internet, mobile and fixed-line communications, video and entertainment services, and business connectivity solutions to residential, commercial, and government customers.

The company operates through a portfolio of regional businesses and brands, including Liberty and Flow, as well as operations in markets such as Puerto Rico, Chile, Costa Rica, Panama, and several Caribbean countries.