Zacks: Brokerages Anticipate Liberty Broadband Corp Series C (LBRDK) Will Post Earnings of $0.41 Per Share

Brokerages expect Liberty Broadband Corp Series C (NASDAQ:LBRDK) to post $0.41 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have provided estimates for Liberty Broadband Corp Series C’s earnings. The company is expected to report its next quarterly earnings results on Thursday, February 7th.

On average, analysts expect that Liberty Broadband Corp Series C will report full year earnings of $0.99 per share for the current year. For the next fiscal year, analysts anticipate that the company will report earnings of $2.05 per share. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that cover Liberty Broadband Corp Series C.

Liberty Broadband Corp Series C (NASDAQ:LBRDK) last issued its quarterly earnings data on Thursday, November 1st. The company reported $0.33 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by ($0.27). The business had revenue of $3.52 million for the quarter. Liberty Broadband Corp Series C had a return on equity of 20.10% and a net margin of 9,562.04%.

LBRDK has been the topic of several research analyst reports. ValuEngine raised Liberty Broadband Corp Series C from a “sell” rating to a “hold” rating in a research note on Thursday, September 27th. Zacks Investment Research raised Liberty Broadband Corp Series C from a “hold” rating to a “buy” rating and set a $91.00 price target on the stock in a research note on Thursday, November 1st. Finally, TheStreet raised Liberty Broadband Corp Series C from a “c+” rating to a “b” rating in a research note on Tuesday, November 6th.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LBRDK. State of Alaska Department of Revenue grew its stake in shares of Liberty Broadband Corp Series C by 2.0% during the fourth quarter. State of Alaska Department of Revenue now owns 11,055 shares of the company’s stock worth $796,000 after buying an additional 214 shares during the last quarter. Blair William & Co. IL grew its stake in shares of Liberty Broadband Corp Series C by 33.1% in the third quarter. Blair William & Co. IL now owns 2,793 shares of the company’s stock worth $235,000 after purchasing an additional 695 shares during the last quarter. Toronto Dominion Bank grew its stake in shares of Liberty Broadband Corp Series C by 9.0% in the third quarter. Toronto Dominion Bank now owns 11,604 shares of the company’s stock worth $978,000 after purchasing an additional 958 shares during the last quarter. LVW Advisors LLC grew its stake in shares of Liberty Broadband Corp Series C by 27.7% in the third quarter. LVW Advisors LLC now owns 4,593 shares of the company’s stock worth $387,000 after purchasing an additional 995 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its stake in shares of Liberty Broadband Corp Series C by 9.4% in the third quarter. Russell Investments Group Ltd. now owns 12,950 shares of the company’s stock worth $1,087,000 after purchasing an additional 1,115 shares during the last quarter. Institutional investors own 57.25% of the company’s stock.

Shares of Liberty Broadband Corp Series C stock opened at $75.59 on Tuesday. Liberty Broadband Corp Series C has a 12 month low of $68.33 and a 12 month high of $99.68. The company has a current ratio of 9.56, a quick ratio of 9.56 and a debt-to-equity ratio of 0.05.

About Liberty Broadband Corp Series C

Liberty Broadband Corporation, a cable operator, provides video, Internet, and voice services to residential and commercial customers in the United States. It operates through Skyhook and Charter segments. The Skyhook segment offers Precision Location Solution, a location determination service for mobile device makers, wireless carriers, and asset tracking platforms to understanding the precise geographic location and movement of mobile devices; enhancing the location determination capabilities of a hybrid location system.

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