Analysts forecast that Liberty Broadband Corp (NASDAQ:LBRDK) will report earnings of $0.28 per share for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have issued estimates for Liberty Broadband’s earnings. Liberty Broadband posted earnings of $0.25 per share in the same quarter last year, which would suggest a positive year over year growth rate of 12%. The business is scheduled to issue its next earnings report on Friday, March 2nd.
On average, analysts expect that Liberty Broadband will report full-year earnings of $0.13 per share for the current financial year. For the next fiscal year, analysts forecast that the business will report earnings of $1.57 per share. Zacks’ EPS calculations are a mean average based on a survey of research firms that follow Liberty Broadband.
Several research firms have recently weighed in on LBRDK. Zacks Investment Research raised shares of Liberty Broadband from a “hold” rating to a “strong-buy” rating and set a $107.00 price target on the stock in a research note on Saturday, January 20th. ValuEngine cut shares of Liberty Broadband from a “hold” rating to a “sell” rating in a research report on Tuesday. Finally, TheStreet upgraded shares of Liberty Broadband from a “c” rating to a “b” rating in a research report on Tuesday, February 20th.
A number of institutional investors have recently added to or reduced their stakes in LBRDK. 3G Capital Partners LP acquired a new stake in shares of Liberty Broadband during the third quarter valued at about $43,145,000. Supplemental Annuity Collective Trust of NJ acquired a new stake in shares of Liberty Broadband during the third quarter valued at about $667,000. State of Wisconsin Investment Board increased its position in shares of Liberty Broadband by 48.5% during the third quarter. State of Wisconsin Investment Board now owns 147,197 shares of the company’s stock valued at $14,028,000 after acquiring an additional 48,090 shares during the last quarter. Rational Advisors LLC acquired a new stake in shares of Liberty Broadband during the fourth quarter valued at about $718,000. Finally, Bank of New York Mellon Corp increased its position in shares of Liberty Broadband by 22.8% during the third quarter. Bank of New York Mellon Corp now owns 461,154 shares of the company’s stock valued at $43,948,000 after acquiring an additional 85,671 shares during the last quarter. Hedge funds and other institutional investors own 53.73% of the company’s stock.
Liberty Broadband (NASDAQ LBRDK) traded down $1.54 during trading hours on Friday, hitting $89.83. 429,500 shares of the stock traded hands, compared to its average volume of 658,884. The company has a current ratio of 7.97, a quick ratio of 7.97 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $16,568.58, a P/E ratio of 898.39 and a beta of 1.36. Liberty Broadband has a 12-month low of $80.41 and a 12-month high of $104.66.
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Liberty Broadband Company Profile
Liberty Broadband Corporation holds interest in Charter Communications, Inc (Charter) and its subsidiary Skyhook Holding, Inc (Skyhook). The Company’s segments include Skyhook, Charter, and Corporate and other. Skyhook provides a wireless fidelity (Wi-Fi)-based location platform focused on providing positioning technology and contextual location intelligence solutions.
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