-$0.12 EPS Expected for Liberty Latin America (LILA) This Quarter

Equities analysts predict that Liberty Latin America (NASDAQ:LILA) will post earnings per share (EPS) of ($0.12) for the current quarter, according to Zacks. Zero analysts have issued estimates for Liberty Latin America’s earnings, with the lowest EPS estimate coming in at ($0.14) and the highest estimate coming in at ($0.10). Liberty Latin America posted earnings per share of ($0.22) during the same quarter last year, which indicates a positive year over year growth rate of 45.5%. The firm is expected to announce its next quarterly earnings report on Monday, August 6th.

According to Zacks, analysts expect that Liberty Latin America will report full year earnings of ($0.46) per share for the current financial year, with EPS estimates ranging from ($0.54) to ($0.37). For the next financial year, analysts expect that the business will post earnings of $1.16 per share. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that that provide coverage for Liberty Latin America.

Liberty Latin America (NASDAQ:LILA) last issued its quarterly earnings data on Tuesday, May 8th. The company reported ($0.26) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.23) by ($0.03). The firm had revenue of $909.90 million during the quarter.

A number of brokerages recently commented on LILA. Macquarie reaffirmed a “hold” rating and issued a $24.00 price target on shares of Liberty Latin America in a report on Sunday, February 18th. Zacks Investment Research downgraded shares of Liberty Latin America from a “hold” rating to a “sell” rating in a report on Saturday, February 17th. Royal Bank of Canada set a $25.00 price target on shares of Liberty Latin America and gave the company a “hold” rating in a report on Friday, February 23rd. ValuEngine downgraded shares of Liberty Latin America from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. Finally, Morgan Stanley raised shares of Liberty Latin America from an “underweight” rating to an “equal weight” rating in a report on Tuesday, April 3rd. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $25.21.

Shares of Liberty Latin America opened at $21.45 on Monday, Marketbeat reports. Liberty Latin America has a 12 month low of $18.26 and a 12 month high of $27.85. The stock has a market capitalization of $3.67 billion, a P/E ratio of -52.32 and a beta of 1.56.

A number of hedge funds and other institutional investors have recently made changes to their positions in LILA. Tower Research Capital LLC TRC bought a new stake in Liberty Latin America in the fourth quarter worth about $125,000. Wayne Hummer Investments L.L.C. lifted its stake in Liberty Latin America by 30.8% in the fourth quarter. Wayne Hummer Investments L.L.C. now owns 11,681 shares of the company’s stock worth $235,000 after purchasing an additional 2,750 shares during the last quarter. Scotia Capital Inc. bought a new stake in Liberty Latin America in the fourth quarter worth about $254,000. Virtu Financial LLC bought a new stake in Liberty Latin America in the fourth quarter worth about $292,000. Finally, SG Americas Securities LLC bought a new stake in Liberty Latin America in the first quarter worth about $320,000. 22.77% of the stock is owned by institutional investors and hedge funds.

About Liberty Latin America

Liberty Latin America Ltd. provides various telecommunications services. Its services primarily include video, broadband Internet, fixed-line telephony, and mobile services. The company offers communications and entertainment 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.

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